Ceragon Networks Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $338.7M | $394.2M | $347.2M | $295.2M | $290.8M | $262.9M | $285.6M | $343.9M |
| Cost of Revenue | $224.2M | $257.3M | $227.3M | $202.1M | $202.4M | $187.2M | $188.7M | $227.7M |
| Gross Profit | $114.6M | $136.9M | $119.9M | $93.1M | $88.4M | $75.6M | $96.8M | $116.2M |
| Gross Margin | 33.8% | 34.7% | 34.5% | 31.5% | 30.4% | 28.8% | 33.9% | 33.8% |
| Operating Expenses | ||||||||
| Research & Development | $30.4M | $35.0M | $32.3M | $29.7M | $29.5M | $31.0M | $26.8M | $28.2M |
| SG&A Expense | $24.4M | $14.2M | $23.8M | $34.3M | $20.6M | $19.2M | $23.3M | $18.9M |
| Operating Income | $7.2M | $38.7M | $21.2M | $-10.9M | $4.8M | $-7.6M | $7.3M | $26.1M |
| Operating Margin | 2.1% | 9.8% | 6.1% | -3.7% | 1.7% | -2.9% | 2.6% | 7.6% |
| Interest Expense | $5.0M | $6.0M | $7.5M | $5.0M | $4.7M | $4.1M | $3.8M | $4.6M |
| Pretax Income | $708.0K | $27.3M | $12.7M | $-17.2M | $-3.8M | $-13.5M | $781.0K | $19.8M |
| Income Tax Expense | $2.8M | $3.2M | $6.5M | $2.4M | $11.0M | $2.6M | $2.5M | $-3.3M |
| Net Income | $-2.1M | $24.1M | $6.2M | $-19.7M | $-14.8M | $-17.1M | $-2.3M | $23.0M |
| Net Margin | -0.6% | 6.1% | 1.8% | -6.7% | -5.1% | -6.5% | -0.8% | 6.7% |
| EPS (Basic) | $-0.02 | $0.28 | $0.07 | $-0.23 | $-0.18 | $-0.21 | $-0.03 | $0.29 |
| EPS (Diluted) | $-0.02 | $0.27 | $0.07 | $-0.23 | $-0.18 | $-0.21 | $-0.03 | $0.28 |
| Shares Outstanding (Basic) | 89.8M | 86.2M | 84.6M | 84.1M | 83.4M | 81.1M | 80.3M | 78.6M |
| Shares Outstanding (Diluted) | 89.8M | 88.5M | 85.5M | 84.1M | 83.4M | 81.1M | 80.3M | 81.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |