US Market News
4週前
Ceragon Networks Reports 2026 First Quarter Financial ResultsMay 19, 2026 7:00 AM
PR Newswire (US) Positive momentum across the business, led by strength in India, and improved balance sheet with positive free cash flowROSH HA'AIN, Israel, May 19, 2026 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the first quarter ended March 31, 2026. Q1 2026 Financial Highlights:Revenue of $85.0 million, down 4.1% year-over-yearGAAP Operating income of $2.1 million, non-GAAP operating income of $4.2 millionGAAP Net income (loss) of ($1.3) million, non-GAAP net income of $0.7 millionGAAP EPS of ($0.01) per diluted share, non-GAAP EPS of $0.01 per diluted shareQ1 2026 Business Highlights:India – Sequentially higher revenue and strong bookings have increased visibility for remainder of 2026; notable interest in E-band solutionsNorth America – Revenue remained robust; Activity is progressing with new Tier 1 CSP with potential for initial orders starting Q3Private Network – Expanding business with multiple contracts across various customers and use casesCeragon's CEO Doron Arazi commented: "Ceragon's first quarter results reflected continued healthy demand across many of our key markets, highlighted by strong activity in India. Our solution offerings, predominantly in E-band frequencies, are driving strong demand in multiple regions. We are also making progress with our FR2 new solution, with a successful POC with a major tier North American carrier and increased interest from other potential customers in North America and Europe. We are also encouraged by the diverse wins we have in the private network domain.""We are more optimistic with respect to our strategic positioning and the underlying demand environment in our key markets and for our key product cycles, especially given the anticipated changes in the competitive landscape. Several recent macro and industry-wide cost increases and continued adverse foreign currency trends may lead to higher pressure on our margins, especially in the near term, but we are taking actions to minimize these cost challenges. We reiterate our prior 2026 guidance," concluded Arazi.Primary First Quarter 2026 Financial Results:Revenues were $85.0 million, down 4.1% from $88.7 million in Q1 2025.GAAP Gross profit was $30.1 million, with a gross margin of 35.4%, compared to gross margin of 32.8% in Q1 2025.GAAP Operating income (loss) was $2.1 million compared to ($1.1) million in Q1 2025.GAAP Net loss, was ($1.3) million, or ($0.01) per diluted share, compared to ($1.0) million, or ($0.01) per diluted share in Q1 2025.Non-GAAP results were as follows: Gross margin was 36.0%, operating profit was $4.2 million, and net income was $0.7 million, or $0.01 per diluted share.For a reconciliation of GAAP to non-GAAP results, see the attached tables.Balance SheetCash and cash equivalents were $39.2 million on March 31, 2026, compared to $38.4 million on December 31, 2025.Revenue Breakout by Geography:
Q1 2026North America37 %India35 %EMEA15 %Latin America7 %APAC6 %OutlookManagement reiterated its 2026 outlook:Revenue of $355 million to $385 million.Non-GAAP gross margin improvement of 100bps at the midpoint of the provided revenue guidance range.Non-GAAP operating margin 6.5% - 7.5% at the midpoint of the provided revenue guidance range.Conference CallThe Company will hold a Zoom webcast today at 8:30 a.m. ET to review the results, followed by a Q&A session.Investors are invited to register by clicking here. All relevant access details will be provided upon registration.For investors unable to join the live call, a replay will be available on the Company's website at www.ceragon.com About Ceragon Ceragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users. Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast-to-deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources – driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the "connectivity everywhere" era.
For more information please visit: www.ceragon.comCeragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon, registered in various countries. Other names mentioned are owned by their respective holders.Safe HarborThis press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability; growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations there from will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: Company's forward-looking forecasts, with respect to which there is no assurance that such forecasts will materialize; Company's ability to future plan, business, marketing and product strategies on the forecasted evolution of the market developments, such as market and territory trends, future use cases, business concepts, technologies, future demand, and necessary inventory levels; the effects of fluctuations in currency exchange rates between the currencies in which we operate; risks relating to the conversion of the orders from customers into revenues; the effects of global economic trends, including recession, rising inflation, rising interest rates, commodity price increases and fluctuations, commodity shortages and exposure to economic slowdown; risks related to conditions in Israel and the continuation of hostilities in the Middle East; risks associated with delays in the transition to 5G technologies and in the 5G rollout; risks relating to the concentration of our business on a limited number of large mobile operators and the fact that the significant weight of their ordering, compared to the overall ordering by other customers, coupled with inconsistent ordering patterns, could negatively affect us; risks resulting from the volatility in our revenues, margins and working capital needs; disagreements with tax authorities regarding tax positions that we have taken could result in increased tax liabilities; the high volatility in the supply needs of our customers, which from time to time lead to delivery issues and may lead to us being unable to timely fulfil our customer commitments; and such other risks, uncertainties and other factors that could affect our results of operation, as further detailed in Ceragon's most recent Annual Report on Form 20-F, as published on April 15, 2026, as well as other documents that may be subsequently filed by Ceragon from time to time with the Securities and Exchange Commission. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Ceragon does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections on the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.The results reported in this press- release are preliminary and unaudited results, and investors should be aware of possible discrepancies between these results and the audited results to be reported, due to various factors.Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.Investor Contact:Rob Fink
FNK IR
Tel. 1+646-809-4048
crnt @bigbizz-1087
crnt@fnkir.com CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(U.S. dollars in thousands, except share and per share data)
Three months ended
March 31,
2026
2025
Revenues85,003
88,652Cost of revenues 54,927
59,553
Gross profit 30,076
29,099
Operating expenses:
Research and development, net7,941
8,249Sales and marketing13,990
12,297General and administrative5,520
5,436Restructuring and related charges540
3,732Acquisition- and integration-related charges-
475
Total operating expenses27,991
30,189
Operating income (loss)2,085
(1,090)
Financial and other expenses (income), net2,856
(990)
Loss before taxes (771)
(100)
Taxes on income572
880
Net loss(1,343)
(980)
Basic net loss per share(0.01)
(0.01)
Diluted net loss per share(0.01)
(0.01)
Weighted average number of shares used in computing basic net loss per share90,709,210
88,742,804
Weighted average number of shares used in computing diluted net loss per share90,709,210
88,742,804 CONDENSED CONSOLIDATED BALANCE SHEETS(U.S. dollars in thousands)
March 31,
December 31,
2026
2025ASSETS
CURRENT ASSETS:
Cash and cash equivalents39,164
38,368Trade receivables, net 94,421
99,673Inventories 56,456
61,587Other accounts receivable and prepaid expenses23,804
25,576
Total current assets213,845
225,204
NON-CURRENT ASSETS:
Severance pay and pension fund378
362Property and equipment, net41,852
39,952Operating lease right-of-use assets15,715
16,554Intangible assets, net23,867
23,182Goodwill11,007
11,007Other non-current assets690
781
Total non-current assets93,509
91,838
Total assets307,354
317,042
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables65,576
70,784Deferred revenues2,710
2,371Short-term loans17,100
19,000Operating lease liabilities3,957
4,001Other accounts payable and accrued expenses23,167
24,071
Total current liabilities112,510
120,227
LONG-TERM LIABILITIES:
Accrued severance pay and pension2,590
2,537Operating lease liabilities12,510
13,331Other long-term payables8,248
8,195
Total long-term liabilities23,348
24,063
SHAREHOLDERS' EQUITY:
Share capital234
234Additional paid-in capital455,626
454,640Treasury shares at cost(20,091)
(20,091)Other comprehensive loss(9,715)
(8,816)Accumulated deficit(254,558)
(253,215)
Total shareholders' equity171,496
172,752
Total liabilities and shareholders' equity307,354
317,042 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW(U.S. dollars, in thousands)
Three months ended
March 31,
2026
2025
Cash flow from operating activities:
Net loss(1,343)
(980)Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization3,434
3,332Loss from sale of property and equipment, net 70
10Stock-based compensation expenses892
650Decrease in accrued severance pay and pensions, net37
47Decrease in trade receivables, net5,301
6,384Decrease (increase) in other assets (including other accounts receivable,
prepaid expenses, other non-current assets, and the effect of exchange rate
changes on cash and cash equivalents)1,216
(1,140)Decrease (increase) in inventory3,830
(2,079)Decrease in operating lease right-of-use assets953
731Decrease in trade payables(6,174)
(4,084)Increase (decrease) in other accounts payable and accrued expenses (including other long-term payables)(1,046)
754Decrease in operating lease liability(979)
(825)Increase (decrease) in deferred revenues339
(190)Net cash provided by operating activities6,530
2,610
Cash flow from investing activities:
Purchases of property and equipment, net(2,275)
(3,469)Software development costs capitalized(1,470)
(538)Payments made in connection with business acquisitions, net of acquired cash-
(6,570)Net cash used in investing activities(3,745)
(10,577)
Cash flow from financing activities:
Proceeds from exercise of stock options9
508Repayments of bank credits and loans, net(1,900)
-Net cash provided by (used in) financing activities(1,891)
508
Effect of exchange rate changes on cash and cash equivalents(98)
(164)
Increase (decrease) in cash and cash equivalents796
(7,623)
Cash and cash equivalents at the beginning of the period38,368
35,311
Cash and cash equivalents at the end of the period39,164
27,688 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS(U.S. dollars in thousands, except share and per share data)
Three months ended
March 31,
2026
2025
GAAP Cost of revenues54,927
59,553Stock-based compensation expenses(131)
(108)Amortization of acquired intangible assets(422)
(505)Non-GAAP Cost of revenues54,374
58,940
GAAP Gross profit30,076
29,099Stock-based compensation expenses131
108Amortization of acquired intangible assets422
505Non-GAAP Gross profit30,629
29,712
GAAP Research and development expenses7,941
8,249Stock-based compensation expenses(191)
(155)Non-GAAP Research and development expenses7,750
8,094
GAAP Sales and marketing expenses13,990
12,297Stock-based compensation expenses(340)
(310)Amortization of acquired intangible assets(220)
(222)Non-GAAP Sales and marketing expenses13,430
11,765
GAAP General and administrative expenses5,520
5,436Stock-based compensation expenses(230)
(77)Non-GAAP General and administrative expenses5,290
5,359
GAAP Restructuring and related charges540
3,732Restructuring and related charges(540)
(3,732)Non-GAAP Restructuring and related charges-
-
GAAP Acquisition- and integration-related charges-
475Acquisition- and integration-related charges-
(475)Non-GAAP Acquisition- and integration-related charges-
-
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS(U.S. dollars in thousands, except share and per share data)
Three months ended
March 31,
2026
2025
GAAP Operating income (loss)2,085
(1,090)Stock-based compensation expenses892
650Amortization of acquired intangible assets642
727Restructuring and other charges540
3,732Acquisition- and integration-related charges-
475Non-GAAP Operating income 4,159
4,494
GAAP Financial and other expenses (income), net2,856
(990)Leases – financial income 26
95Non-cash revaluation charges associated with business combination(9)
1,932Non-GAAP Financial and other expenses, net2,873
1,037
GAAP Tax expenses572
880Non-GAAP Tax expenses572
880
GAAP Net income (loss)(1,343)
(980)Stock-based compensation expenses892
650Amortization of acquired intangible assets642
727Restructuring and other charges540
3,732Acquisition- and integration-related charges-
475Leases – financial income (26)
(95)Non-cash revaluation charges associated with business combination9
(1,932)Non-GAAP Net income 714
2,577
GAAP Basic net income (loss) per share(0.01)
(0.01)
GAAP Diluted net income (loss) per share(0.01)
(0.01)
Non-GAAP Diluted net income per share0.01
0.03
Weighted average number of shares used in computing GAAP basic and diluted net income (loss) per share90,709,210
88,742,804
Weighted average number of shares used in computing Non-GAAP diluted net income per share92,709,739
91,514,527
Logo - https://mma.prnewswire.com/media/1704355/Ceragon_Networks_Ltd_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/ceragon-networks-reports-2026-first-quarter-financial-results-302775986.htmlSOURCE Ceragon Networks Ltd. Original: Ceragon Networks Reports 2026 First Quarter Financial Results
US Market News
1月前
Ceragon Receives Approximately $86 Million in Orders from Operators in India Year-To-Date, Reinforcing 2026 OutlookMay 5, 2026 6:00 AM
PR Newswire (US) Orders highlight record demand for Ceragon's IP-50EXA platform and next-generation millimeter wave technology among leading service providers in the region and validate Ceragon's strong position in IndiaROSH HA'AIN, Israel, May 5, 2026 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced that it has received and booked approximately $86 million in orders year-to-date in India, strengthening the company's confidence in its outlook for the year and reinforcing its strong position with leading service providers in one of its strategic growth markets. A significant portion of the orders, which were received mainly from two leading operators in India, include a record number of links from Ceragon's new IP-50EXA platform that will support large-scale Fixed Wireless Access (FWA) expansion projects across the country. The deployments highlight significant investment in Ceragon's next-generation millimeter wave technology, enabling operators to deliver higher capacity and support growing data demands as networks continue to evolve.The solutions are being deployed primarily to support growing capacity requirements driven by FWA services, as operators push to expand broadband coverage and deliver high-speed connectivity to more customers. Ceragon's high-capacity wireless transport solutions, including the IP-50EXA, provide operators with a cost-effective alternative to fiber deployment, enabling rapid network expansion while supporting increasing traffic demands."These orders reinforce our growing confidence in a strong year in India and validate Ceragon's competitive position in a large and growing market for our solutions," said Doron Arazi, Ceragon's CEO. "This acceleration in orders booked provides greater visibility into future revenue from India, reflecting both the strength of our technology and the trusted relationships we have built with our customers in this important market."Ceragon recognized approximately $24 million of these bookings as revenue in the first quarter of 2026, with most of the remaining balance expected to be recognized by the end of 2026.India remains a key growth market for Ceragon, as leading operators continue investing in next-generation network infrastructure to support the country's rapidly expanding digital economy and growing demand for high-capacity connectivity.About Ceragon Ceragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users.Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more, who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast to deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources - driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the "connectivity everywhere" era.For more information please visit: www.ceragon.comCeragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON® is a trademark of Ceragon, registered in various countries. Other names mentioned are owned by their respective holders.Safe Harbor This press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability; growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations there from will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to risks relating to the conversion of the orders from customers in India into revenues, that may be adversely affected by changes in customer requirements, evolving needs, or deployment timelines, order cancellations or modifications, or macroeconomic conditions; and such other risks, uncertainties and other factors that could affect our results of operation, as further detailed in Ceragon's most recent Annual Report on Form 20-F, as filed with the Securities and Exchange Commission on April 15, 2026, as well as other documents that may be subsequently filed by Ceragon from time to time with the Securities and Exchange Commission.While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.Investor Contact:Rob Fink
FNK IR
1+646-809-4048Joey Delahoussaye
FNK IR
1+312-809-1087crnt@fnkir.comLogo - https://mma.prnewswire.com/media/1704355/Ceragon_Networks_Ltd_Logo.jpg View original content:https://www.prnewswire.com/news-releases/ceragon-receives-approximately-86-million-in-orders-from-operators-in-india-year-to-date-reinforcing-2026-outlook-302762509.htmlSOURCE Ceragon Networks Ltd. Original: Ceragon Receives Approximately $86 Million in Orders from Operators in India Year-To-Date, Reinforcing 2026 Outlook
US Market News
2月前
Ceragon Highlights Select Private Network Contracts Totaling $10 Million in Recent MonthsApril 15, 2026 6:00 AM
PR Newswire (US)
Recent deals across utilities, mining, and public sector markets underscore continued momentum in private networks growth strategyROSH HA'AIN, Israel, April 15, 2026 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today highlighted multiple recent private network contracts, demonstrating continued market penetration to address customer challenges in utility, mining, defense, and public sector network environments. These include deals totaling approximately $10 million in contract value, reflecting strong order intake and near-term revenue visibility projected at $7.4 million for 2026. The contracts demonstrate Ceragon's continued progress and success in positioning itself as a global end-to-end private network solutions provider. The company delivers network design, integration, deployment, and support for mission-critical environments where traditional connectivity often falls short. Its solutions are anchored in advanced wireless transport, combined with private 5G/LTE to enable edge IoT connectivity and support operational automation.Across these highlighted engagements, Ceragon has supported customers in diverse geographies and vertical markets, addressing complex operational challenges with tailored, high-performance wireless solutions:Water Utility Network (North America): Ceragon is delivering a comprehensive solution for a regional water utility, integrating advanced smart sensing surveillance systems, autonomous drones, and a robust mission-critical communications infrastructure including tower construction, microwave backhaul, and point-to-multipoint technologies. The end-to-end deployment enables enhanced monitoring and safeguarding of essential assets, improves real-time operational visibility, and supports reliable coordination for field teams and control systems.Tribal Community Broadband Network (North America): Ceragon will deploy a private LTE wireless network to connect a remote and underserved community, enabling high-speed broadband access where traditional infrastructure is limited. The solution supports essential services such as education, healthcare, and local economic development, while overcoming geographic and coverage challenges.Defense Connectivity Services: Ceragon is delivering private 5G-enabled wireless solutions and network-as-a-service (NaaS) to provide secure, high-performance connectivity for ground personnel at an international military base. The 5G solution supports the growing demand for mobile applications and digital services, going beyond traditional connectivity approaches. Ceragon is responsible for network design and ongoing management as part of a recurring services engagement. Following a successful project deployment, there is a potential to replicate this solution at 20+ additional bases.Utility Transmission Network (Asia-Pacific): Ceragon is delivering a mission-critical private network for a major, nationwide electricity transmission operator, enabling secure, resilient communications across high-voltage assets in both remote and urban environments. The solution supports real-time monitoring, operational control, and field connectivity, addressing the need for reliable infrastructure in challenging conditions.Mining Operations Network (Latin America): Ceragon is modernizing and expanding the communications backbone for a large-scale mining operation, delivering a high-capacity, resilient microwave transport network that supports mission-critical voice and data, industrial automation, and real-time operational systems—all part of a long-term (4-year) contract agreement. The solution replaces legacy infrastructure, improving performance, scalability, and reliability while reducing operational risk. Ceragon's scope includes network design and engineering, supply and deployment of high-capacity microwave links, integration with existing infrastructure, and full installation, testing, and ongoing support—ensuring a highly available, future-ready network aligned with stringent operational requirements."Private networks continue to represent an important growth engine for Ceragon, and we are demonstrating our ability to develop end-to-end solutions to meet the unique needs of these customers," said Doron Arazi, Chief Executive Officer of Ceragon. "Organizations across industries are increasingly turning to us for complete, end-to-end solutions that go beyond backhaul—delivering the performance, reliability, and flexibility required for their most critical operations. Our ability to design, deploy, and support these networks globally positions us uniquely to capture this expanding market opportunity."Ceragon's private network solutions expertly integrate partner ecosystem-based private 5G/LTE technologies with Ceragon's core high-capacity microwave and millimeter wave transport, along with other advanced wireless technologies and full lifecycle services. These solutions enable customers to deploy secure, scalable, and high-performance networks tailored to their specific operational requirements.With increasing demand for dedicated connectivity in mission-critical environments, Ceragon expects continued growth in its private networks segment, reinforcing its strategic focus on delivering comprehensive, end-to-end solutions worldwide.About Ceragon Ceragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users.Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more, who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast to deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources - driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the "connectivity everywhere" era.For more information please visit: www.ceragon.com.Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON® is a trademark of Ceragon, registered in various countries. Other names mentioned are owned by their respective holders.Safe Harbor This press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations there from will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: Company's forward-looking forecasts, with respect to which there is no assurance that such forecasts will materialize; Company's ability to future plan, business, marketing and product strategies on the forecasted evolution of the market developments, such as market and territory trends, future use cases, business concepts, technologies, future demand, and necessary inventory levels; the effects of fluctuations in currency exchange rates between the currencies in which we operate; the effects of global economic trends, including recession, rising inflation, rising interest rates, commodity price increases and fluctuations, commodity shortages and exposure to economic slowdown; risks related to the war situation in Israel and the escalation of hostilities in the Middle East; risks associated with delays in the transition to 5G technologies and in the 5G rollout; risks relating to the concentration of our business on a limited number of large mobile operators and the fact that the significant weight of their ordering, compared to the overall ordering by other customers, coupled with inconsistent ordering patterns, could negatively affect us; risks resulting from the volatility in our revenues, margins and working capital needs; disagreements with tax authorities regarding tax positions that we have taken could result in increased tax liabilities; the high volatility in the supply needs of our customers, which from time to time lead to delivery issues and may lead to us being unable to timely fulfil our customer commitments; risks relating to the conversion of bookings into revenues, that may be adversely affected by changes in customer requirements, evolving needs, or deployment timelines, order cancellations or modifications, or macroeconomic conditions; and such other risks, uncertainties and other factors that could affect our results of operation, as further detailed in Ceragon's most recent Annual Report on Form 20-F, as published on March 25, 2025, as well as other documents that may be subsequently filed by Ceragon from time to time with the Securities and Exchange Commission.We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Ceragon does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.Logo: https://mma.prnewswire.com/media/1704355/Ceragon_Networks_Ltd_Logo.jpgInvestor Contact:
Rob Fink
FNK IR
1+646-809-4048Joey Delahoussaye
FNK IR
1+312-809-1087crnt@fnkir.com
View original content:https://www.prnewswire.com/news-releases/ceragon-highlights-select-private-network-contracts-totaling-10-million-in-recent-months-302742976.htmlSOURCE Ceragon Networks Ltd.
Original: Ceragon Highlights Select Private Network Contracts Totaling $10 Million in Recent Months
US Market News
4月前
Ceragon Showcases 30 Years of Wireless Innovation at MWC 2026 -- Booth #5G51February 26, 2026 6:00 AM
PR Newswire (US)
Future-Ready. Globally Trusted. Here to Stay.ROSH HA'AIN, Israel, Feb. 26, 2026 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced its participation at Mobile World Congress 2026, where it will demonstrate how intelligent, high-performance wireless infrastructure drives real-world impact — enabling operators, service providers, and enterprises to build networks ready for what's next.
For 30 years, Ceragon has delivered innovative wireless connectivity worldwide. At a time when some are pulling back, Ceragon continues to invest, innovate, and expand, offering the industry's broadest microwave and millimeter wave (mmWave) portfolio to support both public and private networks.Ceragon's leadership team — including its Chief Executive Officer, Chief Product Officer, the newly appointed Chief Revenue Officer, and for the first time at Ceragon, the Chief Technology Officer — will host discussions at the conference with a special focus on initiating a dialogue around future network needs. These conversations aim to shape Ceragon's long-term, wireless and AI-driven technology roadmap.At MWC this year, Ceragon will feature five interactive demo stations:Your Network, Your Way – Drivers of Innovation: A comprehensive look at Ceragon's industry-leading portfolio of microwave, mmWave, stabilized solutions, and intelligent network management. Powered by its proprietary system-on-a-chip architecture, Ceragon is paving the path to 100 Gbps capacity, while delivering extended range, ultra-high transmission power, and best-in-class Advanced Space Diversity (ASD).Unlocking 5G FR2 Bands with New IP-100FR2: A next-generation solution supporting advanced point-to-point (PtP) and breakthrough Point-to-Multipoint (PtMP) capabilities in FR2 spectrum, helping operators maximize spectrum value while protecting existing investments.mmWave is the New Microwave: Showcasing the industry's broadest portfolio of high-capacity, extended-reach E-band, V-band, and multiband solutions designed for real-world performance and availability, including a live demo of Layer-1 aggregation over split-mount architecture.Intelligent Network Management: Bringing AI-powered precision – real-time network visibility, advanced analytics, and predictive insights to streamline and automate operations, enhance performance, and achieve simplified, optimized network management.End-to-End Private Wireless: Secure, mission-critical connectivity designed for rapid deployment and full lifecycle support."As the wireless landscape evolves, our customers are looking for partners who are committed for the long term," said Doron Arazi, Chief Executive Officer of Ceragon. "For 30 years, Ceragon has focused on our customers; listening closely to identify their challenges and delivering high-performance wireless innovation where they need it most. At MWC 2026, our leadership team will engage directly with customers and industry partners to understand future network needs – conversations that will help shape our long-term technology roadmap. We're demonstrating how our broad portfolio and deep expertise enable customers to build networks that meet their unique demands with flexibility, confidence and long-term stability."Visitors to MWC 2026 are invited to meet Ceragon's experts in Barcelona to explore how to build networks that are future-ready and globally trusted.Future-Ready. Globally Trusted. Here to Stay.For more information or to schedule a meeting at MWC 2026, visit: https://www.ceragon.com/events/2026/emea/mwcAbout Ceragon Ceragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users.Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more, who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast to deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources - driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the "connectivity everywhere" era.For more information please visit: www.ceragon.comCeragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON® is a trademark of Ceragon, registered in various countries. Other names mentioned are owned by their respective holders.Safe Harbor This press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability; growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations there from will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: Company's forward-looking forecasts, with respect to which there is no assurance that such forecasts will materialize; Company's ability to future plan, business, marketing and product strategies on the forecasted evolution of the market developments, such as market and territory trends, future use cases, business concepts, technologies, future demand, and necessary inventory levels; the effects of fluctuations in currency exchange rates between the currencies in which we operate; the effects of global economic trends, including recession, rising inflation, rising interest rates, commodity price increases and fluctuations, commodity shortages and exposure to economic slowdown; risks related to conditions in Israel and the escalation of hostilities in the Middle East; risks associated with delays in the transition to 5G technologies and in the 5G rollout; risks relating to the concentration of our business on a limited number of large mobile operators and the fact that the significant weight of their ordering, compared to the overall ordering by other customers, coupled with inconsistent ordering patterns, could negatively affect us; risks resulting from the volatility in our revenues, margins and working capital needs; disagreements with tax authorities regarding tax positions that we have taken could result in increased tax liabilities; the high volatility in the supply needs of our customers, which from time to time lead to delivery issues and may lead to us being unable to timely fulfil our customer commitments; and such other risks, uncertainties and other factors that could affect our results of operation, as further detailed in Ceragon's most recent Annual Report on Form 20-F, as published on March 25, 2025, as well as other documents that may be subsequently filed by Ceragon from time to time with the Securities and Exchange Commission.We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Ceragon does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.Investor Contact:Rob Fink
FNK IR
1+646-809-4048Joey Delahoussaye
FNK IR
1+312-809-1087crnt@fnkir.comLogo: https://mma.prnewswire.com/media/1704355/Ceragon_Networks_Ltd_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/ceragon-showcases-30-years-of-wireless-innovation-at-mwc-2026--booth-5g51-302698109.htmlSOURCE Ceragon Networks Ltd.
Original: Ceragon Showcases 30 Years of Wireless Innovation at MWC 2026 -- Booth #5G51
US Market News
4月前
Ceragon Reports Fourth Quarter and Full-Year 2025 Financial ResultsFebruary 17, 2026 7:00 AM
PR Newswire (US)
Results in-line with January update; Guidance reiterated and balance sheet strengthened ROSH HA'AIN, Israel, Feb. 17, 2026 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the fourth quarter and full-year ended December 31, 2025. The results are in-line with the preliminary results disclosed on January 8, 2026. Q4 2025 Financial Highlights:Revenues of $82.3 million, in-line with January updateGAAP operating income of $2.4 million, non-GAAP operating income of $3.4 millionGAAP net income of $0.1 million, or $0.00 per diluted share; non-GAAP net income of $1.4 million, or $0.02 per diluted shareFY 2025 Financial Highlights:Revenue of $338.7 millionGAAP operating income of $7.2 million; non-GAAP operating income of $18.0 millionGAAP net loss of $(2.1) million, or $(0.02) per diluted share; non-GAAP net income of $8.2 million, or $0.09 per diluted shareQ4 2025 Business Highlights:North American Momentum Continued: Revenue in the fourth quarter was slightly less than the record level achieved in Q3 2025, and backlog entering 2026 is nearly double what it was entering 2025.India Progress: Revenue was stable sequentially from Q3 2025 and tracked expectations.Balance Sheet Progress: Ceragon ended 2025 with $38.4 million in cash and cash equivalents and a net cash position of $19.4 million, up from a net cash position of $10.1 million at the end of 2024, reflecting improved cash generation and disciplined execution, inclusive of the acquisition of E2E.Ceragon's CEO, Doron Arazi, commented: "Our fourth quarter and full-year results are consistent with the preliminary results we shared in January. We remained profitable on a non-GAAP basis for both the fourth quarter and full-year 2025 and had strong free cash flow in the fourth quarter. We delivered on what we communicated, strengthened our balance sheet, and exited the year with a significantly higher backlog in North America. Our outlook for 2026 remains unchanged, and we are reiterating our revenue guidance of $355 million to $385 million, which at the midpoint implies near double-digit growth based on the current environment." Primary Fourth Quarter 2025 Financial Results:Revenues were $82.3 million, down 23.0% from $106.9 million in Q4 2024.GAAP Gross profit was $27.7 million, with gross margin of 33.6%, compared to a gross margin of 34.0% in Q4 2024.GAAP Operating income was $2.4 million compared with $9.5 million in Q4 2024.GAAP Net income was $0.1 million, or $0.00 per diluted share, compared with $3.6 million, or $0.04 per diluted share in Q4 2024.Non-GAAP results were as follows: Gross margin was 34.3%, operating income was $3.4 million, and net income of $1.4 million, or $0.02 per diluted share.Primary Full-Year 2025 Financial Results:Revenues were $338.7 million, down 14.1% from $394.2 million in 2024.GAAP Gross profit was $114.6 million, with gross margin of 33.8%, compared to a gross margin of 34.7% in 2024.GAAP Operating income was a record $7.2 million compared to $38.7 million for 2024.GAAP Net income (loss) was ($2.1) million, or ($0.02) per diluted share, compared to $24.1 million, or $0.27 per diluted share for 2024.Non-GAAP results were as follows: Gross margin was 34.5%, operating profit was $18.0 million, and net income was $8.2 million, or $0.09 per diluted share.Balance SheetCash and cash equivalents were $38.4 million on December 31, 2025, compared to $35.3 on December 31, 2024.For a reconciliation of GAAP to non-GAAP results, see the attached tables.Revenue Breakout by Geography:
Q4 2025North America39 %India30 %EMEA15 %Latin America10 %APAC6 % OutlookFor 2026, management expects revenue between $355 million and $385 million and non-GAAP operating margin to be between 6.5% to 7.5% at the midpoint of the provided revenue range. This margin outlook reflects the currency assumptions established in January, and management will closely monitor and evaluate currency fluctuations as the year progresses.Conference CallThe Company will host a Zoom web conference today at 8:30 a.m. ET to discuss the financial results, followed by a question-and-answer session for the investment community.Investors are invited to register for the conference call by clicking here. All relevant access details will be provided upon registration.For those unable to join the live call, a replay will be available on the Company's website at www.ceragon.com. About CeragonCeragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users.Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more, who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast to deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources - driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the "connectivity everywhere" era.For more information please visit: www.ceragon.comCeragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON® is a trademark of Ceragon, registered in various countries. Other names mentioned are owned by their respective holders.Safe HarborThis press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability; growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations there from will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: Company's forward-looking forecasts, with respect to which there is no assurance that such forecasts will materialize; Company's ability to future plan, business, marketing and product strategies on the forecasted evolution of the market developments, such as market and territory trends, future use cases, business concepts, technologies, future demand, and necessary inventory levels; the effects of fluctuations in currency exchange rates between the currencies in which we operate; the effects of global economic trends, including recession, rising inflation, rising interest rates, commodity price increases and fluctuations, commodity shortages and exposure to economic slowdown; risks related to conditions in Israel and the escalation of hostilities in the Middle East; risks associated with delays in the transition to 5G technologies and in the 5G rollout; risks relating to the concentration of our business on a limited number of large mobile operators and the fact that the significant weight of their ordering, compared to the overall ordering by other customers, coupled with inconsistent ordering patterns, could negatively affect us; risks resulting from the volatility in our revenues, margins and working capital needs; disagreements with tax authorities regarding tax positions that we have taken could result in increased tax liabilities; the high volatility in the supply needs of our customers, which from time to time lead to delivery issues and may lead to us being unable to timely fulfil our customer commitments; and such other risks, uncertainties and other factors that could affect our results of operation, as further detailed in Ceragon's most recent Annual Report on Form 20-F, as published on March 25, 2025, as well as other documents that may be subsequently filed by Ceragon from time to time with the Securities and Exchange Commission.We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Ceragon does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.The results reported in this press release are preliminary and unaudited results, and investors should be aware of possible discrepancies between these results and the audited results to be reported, due to various factors.Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.Logo: https://mma.prnewswire.com/media/1704355/Ceragon_Networks_Ltd_Logo.jpgCeragon Investor & Media Contact:
Rob Fink
FNK IR
Tel.: 1+646-809-4048
crnt@fnkir.com CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(U.S. dollars in thousands, except share and per share data)
Three months endedYear ended
December 31,December 31,
2025202420252024
Revenues82,330106,932338,728394,190Cost of revenues 54,66770,550224,176257,339
Gross profit 27,66336,382114,552136,851
Operating expenses:
Research and development, net7,8918,96930,42734,951Sales and Marketing12,05311,07748,68144,717General and administrative6,0055,37424,39414,220Restructuring and related charges--3,7321,416Acquisition- and integration-related charges(652)283721,660Other operating expenses-1,160-1,160Total operating expenses25,29726,863107,30698,124
Operating income 2,3669,5197,24638,727
Financial expenses and others, net1,6564,8636,53811,474
Income before taxes 7104,65670827,253
Taxes on income5811,0462,7983,190
Net income (loss)1293,610(2,090)24,063
Basic net income (loss) per share 0.00 0.04 (0.02) 0.28Diluted net income (loss) per share 0.00 0.04 (0.02) 0.27Weighted average number of shares used incomputing basic net income (loss) per share 90,612,915 87,207,634 89,787,286 86,191,178Weighted average number of shares used incomputing diluted net income (loss) per share 92,432,382 89,987,560 89,787,286 88,460,001
CONDENSED CONSOLIDATED BALANCE SHEETS(U.S. dollars in thousands)
December 31,December 31,
20252024ASSETS
CURRENT ASSETS:
Cash and cash equivalents38,36835,311Trade receivables, net 99,673149,619Inventories 61,58759,693Other accounts receivable and prepaid expenses25,57616,415
Total current assets225,204261,038
NON-CURRENT ASSETS:
Severance pay and pension fund3624,915Property and equipment, net39,95236,764Operating lease right-of-use assets16,55416,702Intangible assets, net23,18216,791Goodwill11,0077,749Other non-current assets7811,037
Total non-current assets91,83883,958
Total assets317,042344,996
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables70,78491,157Deferred revenues2,3712,573Short-term loans19,00025,200Operating lease liabilities4,0012,971Other accounts payable and accrued expenses24,07129,547
Total current liabilities120,227151,448
LONG-TERM LIABILITIES:
Accrued severance pay and pension2,5378,359Operating lease liabilities13,33112,936Other long-term payables8,1955,928
Total long-term liabilities24,06327,223
SHAREHOLDERS' EQUITY:
Share capital234232Additional paid-in capital454,640447,369Treasury shares at cost(20,091)(20,091)Other comprehensive loss(8,816)(10,060)Accumulated deficit(253,215)(251,125)
Total shareholders' equity172,752166,325
Total liabilities and shareholders' equity317,042344,996 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW(U.S. dollars, in thousands)
Three months endedYear endedDecember 31,December 31,
2025202420252024
Cash flow from operating activities:
Net income (loss)1293,610(2,090)24,063Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation and amortization3,9273,25114,32712,112Loss from sale of property and equipment, net 193844207Stock-based compensation expense1,0309214,0914,298Decrease (increase) in accrued severance pay and pensions, net47(239)(599)(970)Decrease (increase) in trade receivables, net12,275(28,437)52,567(46,224)Decrease (increase) in other assets (including other
accounts receivable, prepaid expenses, other non-current
assets, and the effect of exchange rate changes on cash
and cash equivalents)(4,596)3,656(8,819)1,344Decrease (increase) in inventory(3,531)(309)(2,128)7,606Decrease in operating lease right-of-use assets1,6109394,6264,632Increase (decrease) in trade payables1,17515,291(22,103)23,032Increase (decrease) in other accounts payable and accrued
expenses (including other long-term payables)(199)3,549(5,088)3,898Decrease in operating lease liability(1,328)(689)(3,053)(4,196)Increase (decrease) in deferred revenues465(452)(219)(3,604)Net cash provided by operating activities11,0231,12931,55626,198Cash flow from investing activities:
Purchases of property and equipment, net(3,033)(3,727)(13,609)(14,581)Software development costs capitalized(1,143)(645)(3,818)(1,883)Payments made in connection with business acquisitions,
net of acquired cash- - (6,570) - Net cash used in investing activities(4,176)(4,372)(23,997)(16,464)
Cash flow from financing activities:
Proceeds from exercise of stock options355,0716905,878Repayments of bank credits and loans, net(12,000)-(6,200)(7,400)Net cash provided by (used in) financing activities(11,965)5,071(5,510)(1,522)
Effect of exchange rate changes on cash and cash
equivalents499(531)1,008(1,138)Increase (decrease) in cash and cash equivalents(4,619)1,2973,0577,074Cash and cash equivalents at the beginning of the period42,98734,01435,31128,237Cash and cash equivalents at the end of the period38,36835,31138,36835,311 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS(U.S. dollars in thousands, except share and per share data)
Three months endedDecember 31,Year endedDecember 31,
2025202420252024
GAAP Cost of revenues54,66770,550224,176257,339Stock-based compensation expenses(148)(121)(471)(495)Amortization of acquired intangible assets(421)(189)(1,799)(756)Excess cost on acquired inventory in business combination (*)---(124)Non-GAAP Cost of revenues54,09870,240221,906255,964
GAAP Gross profit27,66336,382114,552136,851Stock-based compensation expenses148121471495Amortization of acquired intangible assets4211891,799756Excess cost on acquired inventory in business combination (*)---124Non-GAAP Gross profit28,23236,692116,822138,226
GAAP Research and development expenses7,8918,96930,42734,951Stock-based compensation expenses(211)(192)(679)(701)Loss from termination of joint development agreement----Non-GAAP Research and development expenses7,6808,77729,74834,250
GAAP Sales and marketing expenses12,05311,07748,68144,717Stock-based compensation expenses(417)(332)(1,361)(1,356)Amortization of acquired intangible assets(258)(117)(1,030)(622)Non-GAAP Sales and marketing expenses11,37810,62846,29042,739
GAAP General and administrative expenses6,0055,37424,39414,220Stock-based compensation expenses(254)(276)(1,580)(1,746)Non-GAAP General and administrative expenses5,7515,09822,81412,474
GAAP Restructuring and related charges--3,7321,416Restructuring and related charges--(3,732)(1,416)Non-GAAP Restructuring and related charges----
GAAP Acquisition- and integration-related charges(652)283721,660Acquisition- and integration-related charges652(283)(72)(1,660)Non-GAAP Acquisition- and integration-related charges----
GAAP Other operating expenses-1,160-1,160Other operating expenses-(1,160)-(1,160)Non-GAAP Other operating expenses---- RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS(U.S. dollars in thousands, except share and per share data)
Three months endedDecember 31,Year endedDecember 31,
2025202420252024
GAAP Operating income 2,3669,5197,24638,727Stock-based compensation expenses1,0309214,0914,298Amortization of acquired intangible assets6793062,8291,378Excess cost on acquired inventory in business combination (*)---124Restructuring and other charges--3,7321,416Acquisition- and integration-related charges(652)283721,660Other operating expenses-1,160-1,160Non-GAAP Operating income 3,42312,18917,97048,763
GAAP Financial expenses and others, net1,6564,8636,53811,474Leases – financial income (expenses)(283)15(1,573)(167)Non-cash revaluation expenses associated with business combination23(1,385)1,995(1,703)Non-GAAP Financial expenses and others, net1,3963,4936,9609,604
GAAP Tax expenses5811,0462,7983,190Non-cash tax adjustments---(413)Non-GAAP Tax expenses5811,0462,7982,777
GAAP Net income (loss)1293,610(2,090)24,063
Stock-based compensation expenses1,0309214,0914,298Amortization of acquired intangible assets6793062,8291,378Excess cost on acquired inventory in business combination (*)---124Restructuring and other charges--3,7321,416Acquisition- and integration-related charges(652)283721,660Other operating expenses-1,160-1,160Leases – financial expenses (income)283(15)1,573167Non-cash revaluation expenses associated with business combination(23)1,385(1,995)1,703Non-cash tax adjustments---413Non-GAAP Net income1,4467,6508,21236,382GAAP Basic net income (loss)per share0.000.04(0.02)0.28GAAP Diluted net income (loss)per share0.000.04(0.02)0.27Non-GAAP Diluted net income per share (**)0.020.090.090.41
(*) Consists of charges to cost of revenues for the difference between the fair value of acquired inventory in business combination, which was recorded at fair value, and the actual cost of this inventory, which impacts the Company's gross profit.(**) Weighted average number of shares used in computing diluted net income per share is the same as in GAAP
View original content:https://www.prnewswire.com/news-releases/ceragon-reports-fourth-quarter-and-full-year-2025-financial-results-302689416.htmlSOURCE Ceragon Networks Ltd.
Original: Ceragon Reports Fourth Quarter and Full-Year 2025 Financial Results