Q1 2025 Ceragon Networks Ltd Earnings Call Transcript

May 7, 2025 / 12:30 PM GMT

Release Date Price: €1.97 (-2.48%)

Transcript

Key Points

Positve

Ceragon Networks Ltd (CRNT) reported the highest booking levels since Q1 2024, indicating strong demand.
Revenue in India increased by 65% year over year, demonstrating significant growth in this key market.
The acquisition of E2E Technologies is expected to be accretive to non-GAAP earnings by the second half of 2025.
Ceragon Networks Ltd (CRNT) is strategically aligned for long-term success in the evolving wireless connectivity landscape, with strong anticipated demand for microwave and millimeter wave products.
The company is actively exploring additional strategic M&A opportunities to expand in high-growth areas for wireless connectivity.

Negative

Gross profit on a non-GAAP basis decreased by 8.6% from Q1 2024, with a decline in gross margin from 36.7% to 33.5%.
The net cash position decreased from $10.1 million at the end of 2024 to $2.5 million, largely due to the acquisition of E2E.
Restructuring and related charges increased to $3.7 million in Q1 2025 from $1.4 million in Q1 2024.
Non-GAAP net income decreased to $2.6 million or $0.03 per diluted share from $4.7 million or $0.05 per diluted share in Q1 2024.
The company faces potential instability due to tariff dynamics, particularly affecting private network customers.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRNT.OQ - Ceragon Networks Ltd
Q1 2025 Ceragon Networks Ltd Earnings Call
May 07, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to Sargon Network's earnings call.

Our presentation today will be followed by a question and answer session, at which time, if you wish to ask a question, you will need to raise your hand using your mobile or desktop application or press asterisk on your telephone keypad and wait for your name to be announced.

I must advise you that this call is being recorded today.

I would like to now hand this call over to our first speaker, Rob Fink, head of investor relations. Please go ahead.

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Unidentified_2 [2]
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