Ceragon Networks Ltd
NASDAQ:CRNT
Income Statement
Earnings Waterfall
Ceragon Networks Ltd
Revenue
|
347.2m
USD
|
Cost of Revenue
|
-219.6m
USD
|
Gross Profit
|
127.6m
USD
|
Operating Expenses
|
-96.6m
USD
|
Operating Income
|
31m
USD
|
Other Expenses
|
-24.7m
USD
|
Net Income
|
6.2m
USD
|
Income Statement
Ceragon Networks Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
362
N/A
|
342
-5%
|
343
+0%
|
349
+2%
|
371
+6%
|
394
+6%
|
399
+1%
|
385
-3%
|
349
-9%
|
316
-10%
|
291
-8%
|
285
-2%
|
294
+3%
|
310
+6%
|
333
+8%
|
330
-1%
|
332
+1%
|
339
+2%
|
334
-1%
|
345
+3%
|
344
0%
|
330
-4%
|
314
-5%
|
300
-5%
|
286
-5%
|
272
-5%
|
262
-4%
|
260
-1%
|
263
+1%
|
275
+5%
|
282
+2%
|
287
+2%
|
291
+1%
|
293
+1%
|
295
+1%
|
297
+1%
|
295
-1%
|
308
+4%
|
324
+5%
|
332
+3%
|
347
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(250)
|
(242)
|
(247)
|
(257)
|
(287)
|
(301)
|
(303)
|
(287)
|
(247)
|
(215)
|
(193)
|
(188)
|
(195)
|
(210)
|
(228)
|
(224)
|
(225)
|
(227)
|
(222)
|
(229)
|
(228)
|
(217)
|
(204)
|
(196)
|
(184)
|
(186)
|
(185)
|
(183)
|
(184)
|
(193)
|
(194)
|
(200)
|
(201)
|
(205)
|
(208)
|
(206)
|
(200)
|
(206)
|
(213)
|
(219)
|
(220)
|
|
Gross Profit |
112
N/A
|
101
-10%
|
96
-5%
|
93
-4%
|
84
-9%
|
93
+10%
|
96
+3%
|
98
+2%
|
103
+5%
|
100
-3%
|
98
-2%
|
96
-1%
|
99
+3%
|
100
+1%
|
105
+5%
|
106
+1%
|
107
+2%
|
113
+5%
|
112
0%
|
116
+3%
|
116
+0%
|
113
-3%
|
111
-2%
|
104
-6%
|
102
-2%
|
86
-15%
|
76
-11%
|
77
+1%
|
79
+2%
|
82
+4%
|
87
+7%
|
87
0%
|
90
+4%
|
88
-3%
|
87
-1%
|
91
+5%
|
95
+4%
|
102
+7%
|
111
+9%
|
113
+2%
|
128
+13%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(130)
|
(123)
|
(101)
|
(95)
|
(95)
|
(85)
|
(95)
|
(89)
|
(80)
|
(78)
|
(77)
|
(77)
|
(80)
|
(80)
|
(81)
|
(82)
|
(84)
|
(86)
|
(87)
|
(89)
|
(90)
|
(89)
|
(89)
|
(88)
|
(90)
|
(88)
|
(86)
|
(85)
|
(83)
|
(83)
|
(85)
|
(85)
|
(84)
|
(84)
|
(85)
|
(91)
|
(104)
|
(107)
|
(109)
|
(106)
|
(97)
|
|
Selling, General & Administrative |
(94)
|
(90)
|
(88)
|
(83)
|
(80)
|
(74)
|
(69)
|
(66)
|
(62)
|
(61)
|
(60)
|
(60)
|
(60)
|
(59)
|
(60)
|
(59)
|
(60)
|
(61)
|
(62)
|
(62)
|
(62)
|
(63)
|
(63)
|
(62)
|
(63)
|
(60)
|
(58)
|
(56)
|
(52)
|
(52)
|
(53)
|
(54)
|
(54)
|
(56)
|
(56)
|
(57)
|
(70)
|
(72)
|
(74)
|
(74)
|
(64)
|
|
Research & Development |
(43)
|
(40)
|
(37)
|
(35)
|
(35)
|
(31)
|
(28)
|
(26)
|
(23)
|
(22)
|
(22)
|
(21)
|
(22)
|
(23)
|
(23)
|
(25)
|
(26)
|
(27)
|
(28)
|
(28)
|
(28)
|
(27)
|
(27)
|
(26)
|
(27)
|
(28)
|
(28)
|
(29)
|
(31)
|
(31)
|
(32)
|
(31)
|
(30)
|
(29)
|
(29)
|
(29)
|
(30)
|
(31)
|
(31)
|
(31)
|
(32)
|
|
Depreciation & Amortization |
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
8
|
8
|
25
|
25
|
20
|
20
|
3
|
3
|
5
|
5
|
5
|
5
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
(0)
|
0
|
|
Operating Income |
(18)
N/A
|
(22)
-27%
|
(5)
+76%
|
(2)
+57%
|
(10)
-352%
|
8
N/A
|
2
-81%
|
9
+487%
|
23
+159%
|
22
-2%
|
20
-9%
|
20
-2%
|
20
-2%
|
20
+4%
|
24
+20%
|
24
0%
|
23
-5%
|
27
+15%
|
25
-6%
|
27
+9%
|
26
-4%
|
24
-8%
|
22
-10%
|
16
-27%
|
12
-24%
|
(2)
N/A
|
(10)
-380%
|
(8)
+14%
|
(5)
+43%
|
(1)
+74%
|
3
N/A
|
2
-18%
|
7
+191%
|
3
-54%
|
2
-26%
|
1
-70%
|
(9)
N/A
|
(5)
+45%
|
2
N/A
|
8
+283%
|
31
+304%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(14)
|
(18)
|
(18)
|
(19)
|
(35)
|
(36)
|
(37)
|
(37)
|
(14)
|
(9)
|
(9)
|
(7)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(8)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
|
Non-Reccuring Items |
(9)
|
(13)
|
(14)
|
(13)
|
(22)
|
(22)
|
(22)
|
(22)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
(1)
|
(1)
|
(10)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
Pre-Tax Income |
(41)
N/A
|
(53)
-29%
|
(36)
+31%
|
(35)
+5%
|
(70)
-103%
|
(51)
+28%
|
(57)
-13%
|
(50)
+13%
|
7
N/A
|
13
+88%
|
12
-8%
|
13
+8%
|
13
+2%
|
13
+1%
|
18
+36%
|
18
-1%
|
17
-3%
|
20
+17%
|
17
-14%
|
21
+18%
|
20
-3%
|
19
-7%
|
17
-8%
|
11
-37%
|
1
-93%
|
(8)
N/A
|
(15)
-95%
|
(14)
+8%
|
(14)
+1%
|
(8)
+42%
|
(4)
+46%
|
(6)
-33%
|
(4)
+32%
|
(5)
-34%
|
(5)
+4%
|
(6)
-22%
|
(17)
-187%
|
(12)
+31%
|
(7)
+41%
|
(2)
+78%
|
13
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(8)
|
(8)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(5)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
3
|
3
|
3
|
3
|
(3)
|
(2)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(11)
|
(11)
|
(11)
|
(11)
|
(2)
|
(4)
|
(5)
|
(6)
|
(7)
|
|
Income from Continuing Operations |
(47)
|
(60)
|
(45)
|
(40)
|
(77)
|
(57)
|
(63)
|
(56)
|
1
|
8
|
6
|
8
|
11
|
12
|
17
|
17
|
16
|
18
|
16
|
19
|
23
|
22
|
20
|
14
|
(2)
|
(9)
|
(16)
|
(14)
|
(16)
|
(11)
|
(7)
|
(8)
|
(15)
|
(16)
|
(16)
|
(17)
|
(20)
|
(15)
|
(12)
|
(8)
|
6
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(47)
N/A
|
(60)
-27%
|
(45)
+26%
|
(40)
+11%
|
(77)
-91%
|
(57)
+26%
|
(63)
-12%
|
(56)
+11%
|
1
N/A
|
8
+650%
|
6
-17%
|
8
+34%
|
11
+37%
|
12
+3%
|
17
+43%
|
17
N/A
|
16
-7%
|
18
+14%
|
16
-10%
|
19
+17%
|
23
+23%
|
22
-5%
|
19
-11%
|
13
-31%
|
(2)
N/A
|
(10)
-335%
|
(16)
-63%
|
(15)
+9%
|
(17)
-15%
|
(11)
+33%
|
(8)
+33%
|
(9)
-17%
|
(15)
-66%
|
(16)
-7%
|
(16)
+1%
|
(17)
-8%
|
(20)
-17%
|
(15)
+22%
|
(12)
+23%
|
(8)
+36%
|
6
N/A
|
|
EPS (Diluted) |
-1.07
N/A
|
-1.14
-7%
|
-0.84
+26%
|
-0.58
+31%
|
-1.22
-110%
|
-0.73
+40%
|
-0.83
-14%
|
-0.73
+12%
|
0.01
N/A
|
0.1
+900%
|
0.08
-20%
|
0.1
+25%
|
0.15
+50%
|
0.14
-7%
|
0.2
+43%
|
0.2
N/A
|
0.19
-5%
|
0.22
+16%
|
0.2
-9%
|
0.24
+20%
|
0.28
+17%
|
0.27
-4%
|
0.24
-11%
|
0.16
-33%
|
-0.03
N/A
|
-0.13
-333%
|
-0.21
-62%
|
-0.19
+10%
|
-0.21
-11%
|
-0.14
+33%
|
-0.09
+36%
|
-0.11
-22%
|
-0.18
-64%
|
-0.2
-11%
|
-0.2
N/A
|
-0.21
-5%
|
-0.23
-10%
|
-0.19
+17%
|
-0.15
+21%
|
-0.1
+33%
|
0.07
N/A
|