Ceragon Networks Ltd. (CRNT)

Ceragon Networks Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	352.27	347.18	295.17	290.77	262.88	285.58
Revenue Growth (YoY)	14.28%	17.62%	1.52%	10.61%	-7.95%	-16.95%
Cost of Revenue	228.51	227.31	202.11	202.39	187.24	188.74
Gross Profit	123.76	119.87	93.06	88.38	75.65	96.84
Selling, General & Admin	65.97	64.37	70.09	54.1	52.22	62.75
Research & Development	33.18	32.27	29.69	29.47	31	26.79
Other Operating Expenses	3.89	2.02	4.22	0	0	0
Operating Expenses	103.05	98.66	104	83.57	83.22	89.54
Operating Income	20.71	21.21	-10.94	4.81	-7.57	7.3
Interest Expense / Income	9.87	8.47	6.31	8.63	5.92	6.52
Other Expense / Income	-	-	-	-	0.98	0.65
Pretax Income	10.84	12.74	-17.24	-3.82	-14.47	0.13
Income Tax	6.19	6.52	2.45	11.01	2.62	2.48
Net Income	4.66	6.22	-19.69	-14.83	-17.09	-2.34
Shares Outstanding (Basic)	86	85	84	83	81	80
Shares Outstanding (Diluted)	88	85	84	83	81	80
Shares Change	3.05%	1.60%	0.86%	2.79%	1.06%	-0.89%
EPS (Basic)	0.05	0.07	-0.23	-0.18	-0.21	-0.03
EPS (Diluted)	0.05	0.07	-0.23	-0.18	-0.21	-0.03
Free Cash Flow	23.39	20.93	-15.36	-24.2	11.17	-24.52
Free Cash Flow Per Share	0.27	0.25	-0.18	-0.29	0.14	-0.30
Gross Margin	35.13%	34.53%	31.53%	30.39%	28.78%	33.91%
Operating Margin	5.88%	6.11%	-3.71%	1.65%	-2.88%	2.56%
Profit Margin	1.32%	1.79%	-6.67%	-5.10%	-6.50%	-0.82%
Free Cash Flow Margin	6.64%	6.03%	-5.20%	-8.32%	4.25%	-8.59%
Effective Tax Rate	57.06%	51.19%	-	-	-	1875.76%
EBITDA	31.06	31.18	0.1	17.05	4.31	16.34
EBITDA Margin	8.82%	8.98%	0.03%	5.86%	1.64%	5.72%
Depreciation & Amortization	10.35	9.97	11.04	12.25	12.86	9.69
EBIT	20.71	21.21	-10.94	4.81	-8.55	6.65
EBIT Margin	5.88%	6.11%	-3.71%	1.65%	-3.25%	2.33%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).