Ceragon Networks Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1998
Revenue	347.18	295.17	290.77	262.88	285.58	Upgrade
Revenue Growth (YoY)	17.62%	1.52%	10.61%	-7.95%	-16.95%	Upgrade
Cost of Revenue	227.31	202.11	202.39	187.24	188.74	Upgrade
Gross Profit	119.87	93.06	88.38	75.65	96.84	Upgrade
Selling, General & Admin	64.37	70.09	54.1	52.22	62.75	Upgrade
Research & Development	32.27	29.69	29.47	31	26.79	Upgrade
Other Operating Expenses	2.02	4.22	0	0	0	Upgrade
Operating Expenses	98.66	104	83.57	83.22	89.54	Upgrade
Operating Income	21.21	-10.94	4.81	-7.57	7.3	Upgrade
Interest Expense / Income	8.47	6.31	8.63	5.92	6.52	Upgrade
Other Expense / Income	-	-	-	0.98	0.65	Upgrade
Pretax Income	12.74	-17.24	-3.82	-14.47	0.13	Upgrade
Income Tax	6.52	2.45	11.01	2.62	2.48	Upgrade
Net Income	6.22	-19.69	-14.83	-17.09	-2.34	Upgrade
Shares Outstanding (Basic)	85	84	83	81	80	Upgrade
Shares Outstanding (Diluted)	85	84	83	81	80	Upgrade
Shares Change	1.60%	0.86%	2.79%	1.06%	-0.89%	Upgrade
EPS (Basic)	0.07	-0.23	-0.18	-0.21	-0.03	Upgrade
EPS (Diluted)	0.07	-0.23	-0.18	-0.21	-0.03	Upgrade
Free Cash Flow	20.93	-15.36	-24.2	11.17	-24.52	Upgrade
Free Cash Flow Per Share	0.25	-0.18	-0.29	0.14	-0.30	Upgrade
Gross Margin	34.53%	31.53%	30.39%	28.78%	33.91%	Upgrade
Operating Margin	6.11%	-3.71%	1.65%	-2.88%	2.56%	Upgrade
Profit Margin	1.79%	-6.67%	-5.10%	-6.50%	-0.82%	Upgrade
Free Cash Flow Margin	6.03%	-5.20%	-8.32%	4.25%	-8.59%	Upgrade
Effective Tax Rate	51.19%	-	-	-	1875.76%	Upgrade
EBITDA	31.18	0.1	17.05	4.31	16.34	Upgrade
EBITDA Margin	8.98%	0.03%	5.86%	1.64%	5.72%	Upgrade
Depreciation & Amortization	9.97	11.04	12.25	12.86	9.69	Upgrade
EBIT	21.21	-10.94	4.81	-8.55	6.65	Upgrade
EBIT Margin	6.11%	-3.71%	1.65%	-3.25%	2.33%	Upgrade

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).