Cambium Networks sees Q3 non-GAAP EPS 13c-25c, consensus 32c

Sees Q3 revenue $62.0M-$70.0M, consensus $84.72M. Sees Q3 GAAP gross margin 48.7%-50.2%; and non-GAAP gross margin between 49.8%-51.3%; GAAP operating expenses $30.5M-$31.5M; and non-GAAP operating expenses $25.6M-$26.6M; GAAP operating income ($300,000)-$3.6M; and non-GAAP operating income between $5.2M-$9.2M Interest expense, net of approximately $700,000; GAAP net income ($800,000)-$2.4M or (3c) and 8c per diluted share; and non-GAAP net income between $3.7M-$6.9M or 13c-25c per diluted share; Adjusted EBITDA between $6.3M-$10.3M; and adjusted EBITDA margin between 10.2%-14.8%. Cash requirements are expected to be as follows: paydown of debt fof $700,000; cash interest expense: approximately $500,000; Capital expenditures $4.0M-$4.5M.