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Earnings Call Summary | Ceragon(CRNT.US) Q4 2023 Earnings Conference

moomoo AI ·  Feb 20 11:42  · Conference Call

The following is a summary of the Ceragon Networks Ltd. (CRNT) Q4 2023 Earnings Call Transcript:

Financial Performance:

  • Ceragon reported a nearly 20% increase in Q4 revenue to $90.4 million.

  • Non-GAAP operating income was $7.8 million and non-GAAP net income was $3.7 million, marking four consecutive quarters above $3 million.

  • For FY2023, the company exceeded revenue guidance, reporting $347 million in revenue.

  • Full-year non-GAAP operating income was a record $29 million, and GAAP operating income was $21.2 million.

  • Ceragon generated over $30 million cash from operations and $10 million in free cash flow for the fiscal year.

Business Progress:

  • A strategic acquisition was completed that's expected to boost growth, particularly in target markets.

  • The company achieved significant growth in private network bookings and plans to double these in 2024.

  • Advanced discussions about software-led managed services with long-term customers are ongoing.

  • The completed Siklu acquisition expanded Ceragon's offerings and strengthened their end-to-end solution.

  • The development of two new products is underway, and a product using their newly developed Neptune system-on-a-chip is expected by the end of 2024.

More details: Ceragon IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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