Published on 7 Oct 2024 on GuruFocus.com · via Yahoo Finance
Ceragon Networks Ltd (CRNT) Q2 2024 Earnings Call Highlights: Strong Revenue...
Revenue: $96.1 million, up 11.5% from $86.2 million in Q2 2023.Gross Profit: $33.8 million, an increase of 11.1% compared to Q2 2023.Gross Margin: 35.2%, compared to 35.3% in Q2 2023.Operating Income: $13.1 million on a non-GAAP basis, compared to $7.4 million in Q2 2023.Net Income: $9.9 million or $0.11 per diluted share on a non-GAAP basis, compared to $4.4 million or $0.05 per diluted share in Q2 2023.Cash Position: $26.3 million at the end of Q2 2024.Inventory: $59.5 million, down from $68.8 million at the end of December 2023.Trade Receivables: $112.9 million, compared to $104.3 million at the end of December 2023.DSO (Days Sales Outstanding): 114 days.Full-Year Revenue Guidance: $385 million to $405 million for 2024.Non-GAAP Operating Margin Target: At least 10% at the midpoint of the revenue guidance.
Warning! GuruFocus has detected 3 Warning Signs with CRNT.