Ceragon Reports 20% Growth in the Fourth Quarter of 2023; Exceeds Full-Year 2023 Guidance
ROSH HA'AIN, Israel, Feb. 20, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today reported its financial results for the fourth quarter and full year period ended December 31, 2023.
- During 2023, we expanded our presence in the private network market, establishing a scalable foundation for continued growth."
- Primary Fourth Quarter 2023 Financial Results:
Revenues were $90.4 million, up 20% from $75.5 million in Q4 2022 and up 3.6% from $87.3 million in Q3 2023. - The fourth quarter of 2023 included expenses related to the acquisition of Siklu and the consolidation of Siklu results since closing on December 4, 2023.
- Cash and cash equivalents were $28.2 million at December 31, 2023, compared to $22.9 million at December 31, 2022.