Cambium Networks Corp. has disclosed several accounting issues that have affected its financial reporting. The company reported material weaknesses related to the determination of its inventory excess and obsolescence reserve, the recoverability of deferred tax assets, allowance for credit losses, customer incentives, and information technology general controls. These issues have resulted in delays in filing its annual and quarterly reports for the fiscal year ended December 31, 2024. Additionally, Cambium Networks determined that its previously issued financial statements and related disclosures for the fiscal years ended December 31, 2022, and December 31, 2023, should no longer be relied upon.
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