CAMBIUM NETWORKS CORP Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q) – Marketscreener.com

Overview
We offer our fixed wireless broadband and enterprise solutions in three product categories:
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products are included in the PMP product category in our revenues by product category reporting, as that is their primary application.
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Trends impacting our business
Component shortages and increased freight costs
COVID-19
Impact of war in Ukraine
Financial results for the three-month period ended September 30, 2022
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Total revenue was $81.2 million, an increase of 6.6% year-over-year
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Gross margin was 50.7%
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Total costs of revenues and operating expenses were $71.2 million
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Operating income was $9.7 million
Cost of revenues and gross profit
Operating expenses
Research and development
Sales and marketing
Depreciation and amortization
Provision for income taxes
Results of operations
The following table presents the consolidated statements of operations, as well as the percentage relationship to total revenues for items included in our consolidated statements of operations (in thousands):
Nine months ended September
Comparison of three-month period ended September 30, 2021 to the three-month period ended September 30, 2022
Revenues
Total revenues by product category $ 75,920 $ 81,200 $ 5,280
Point-to-Point
Enterprise
Cost of revenues and gross margin
Sales and marketing
Depreciation and amortization
Interest expense decreased $0.2 million, or 31.6%, to $0.5 million for the three-month period ended September 30, 2022 from $0.8 million for the three-month period ended September 30, 2021. The decrease was primarily due to a reduction in the interest rate on the term loan and lower bank charges.
Comparison of nine-month period ended September 30, 2021 to the nine-month period ended September 30, 2022
Revenues by product category
Total revenues by product category $ 257,144 $ 212,392 $ (44,752 ) (17.4 )%
Point-to-Point
Enterprise
Cost of revenues and gross margin
Sales and marketing
Depreciation and amortization
Other expense (income), net
Change
(338 ) nm
Liquidity and Capital Resources
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