CERAGON NETWORKS LTD

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $293.6m $332.0m $343.9m $285.6m $262.9m $290.8m $295.2m $347.2m $394.2m $338.7m
Cost of Goods and Services Sold $194.5m $224.7m $227.7m $188.7m $187.2m $202.4m $202.1m $227.3m $257.3m $224.2m
Gross Profit $99.2m $107.3m $116.2m $96.8m $75.6m $88.4m $93.1m $119.9m $136.9m $114.6m
Operating Expenses $79.7m $84.2m $90.0m $89.5m $83.2m $83.6m $104.0m $98.7m $98.1m $107.3m
Operating Income (Loss) $19.5m $23.1m $26.1m $7.3m ($7.6m) $4.8m ($10.9m) $21.2m $38.7m $7.2m
Additional Financial Items
Amortization of Intangible Assets $1.6m $1.5m $0 $136k $393k $401k $420k $632k $1.8m $3.5m
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($518k) $7.2m $17.9m ($2.2m) ($24.2m) ($5.4m) ($20.9m) $10.9m $23.8m $3.9m
Income (Loss) from Equity Method Investments ($649k) ($979k) $0
Investment Income, Interest $242k $126k $111k $111k $79k $160k $107k $93k $143k $246k
Litigation Settlement Loss $1.2m $1.2m
Other Operating Income $1.9m $1.7m $470k $7.3m ($7.6m) $4.8m ($10.9m) $21.2m $38.7m $7.2m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $13.2m $17.3m $19.8m $781k ($13.5m) ($3.8m) ($17.2m) $12.7m $27.3m $708k
Investment Income, Net ($6.3m) ($5.9m) ($6.3m) ($6.5m) ($5.9m) ($8.6m) ($6.3m) ($8.5m) ($11.5m) ($6.5m)
Net Income (Loss) Attributable to Parent $11.4m $15.6m $23.0m ($2.3m) ($17.1m) ($14.8m) ($19.7m) $6.2m $24.1m ($2.1m)
Earnings Per Share, Basic $0.15 $0.20 $0.29 ($0.03) ($0.21) ($0.23) $0.07 $0.28 ($0.02)
Earnings Per Share, Diluted $0.15 $0.19 $0.28 ($0.03) ($0.21) ($0.18) ($0.23) $0.07 $0.27 ($0.02)
Weighted Average Number of Shares Outstanding, Basic 77.7m 77.9m 78.6m 80.3m 81.1m 84.1m 84.6m 86.2m 89.8m
Weighted Average Number of Shares Outstanding, Diluted 78.6m 79.9m 81.0m 80.3m 81.1m 84.1m 85.5m 88.5m 89.8m
Other Nonoperating Income (Expense) ($207k) ($894k) $304k ($170k)
Business Combination, Acquisition Related Costs $1.1m $1.7m $72k
Current Income Tax Expense (Benefit) $1.4m $1.2m $3.4m $2.7m $2.6m $2.2m $1.1m $3.7m $2.8m $2.8m
General and Administrative Expense $20.4m $18.6m $19.4m $23.3m $19.2m $20.6m $34.3m $23.8m $14.2m $24.4m
Interest Expense $3.8m $4.8m $4.6m $3.8m $4.1m $4.7m $5.0m $7.5m $6.0m $5.0m
Nonoperating Income (Expense) ($6.3m) ($5.9m) ($6.3m) ($6.5m) ($5.9m) ($8.6m) ($6.3m) ($8.5m) ($11.5m) ($6.5m)
Operating Lease, Expense $5.6m $5.5m $4.9m $4.4m $4.0m
Other Expenses $4.2m $0 $1.2m $0
Research and Development Expense $21.7m $25.7m $28.2m $26.8m $31.0m $29.5m $29.7m $32.3m $35.0m $30.4m
Restructuring Costs $897k $1.4m $3.7m
Selling and Marketing Expense $39.5m $41.7m $43.0m $39.5m $33.0m $33.5m $35.8m $40.6m $44.7m $48.7m
Income Tax Expense (Benefit) $1.8m $1.7m ($3.3m) $2.5m $2.6m $11.0m $2.4m $6.5m $3.2m $2.8m
Other Operating Income (Expense), Net $19.5m $23.1m $26.1m $895k $225k $1.5m ($2.1m) $21.2m $38.7m $7.2m