Ceragon Networks Achieves 18.3% Quarterly Revenue Growth
Tel Aviv, Tuesday, 11 February 2025.
Ceragon Networks reported significant financial growth in Q4 2024 with an 18.3% revenue increase to $106.9 million and GAAP EPS of $0.04, marking strategic advancement in key markets.
Record-Breaking Financial Performance
Ceragon Networks’ fourth quarter results for 2024 demonstrate exceptional growth, with revenues reaching $106.9 million, marking an 18.3% increase from $90.4 million in Q4 2023 [1][2]. The company achieved a GAAP net income of $3.6 million, resulting in earnings per share of $0.04, a significant improvement from a net loss in the previous year [1]. Full-year 2024 revenues climbed to $394.2 million, representing a 13.5% year-over-year increase and achieving the highest revenue levels since 2012 [1][3].
Strategic Market Expansion
The company’s growth has been particularly strong in the Indian market, where it achieved record quarterly revenues [1][2]. Ceragon’s global reach now extends to over 600 service providers and 1,600 private network owners across 130 countries [3]. The company’s CEO, Doron Arazi, emphasized their strengthened competitive position, stating, ‘This was a record year for Ceragon, achieving record operating profit on the highest revenue levels since 2012’ [1][4].
Innovation and Future Outlook
Looking ahead to 2025, Ceragon has set ambitious targets with revenue projections between $390 million and $430 million [1]. The company plans to launch its new IP-50EXA product in the second half of 2025, demonstrating continued commitment to innovation [2]. While acknowledging limited near-term visibility across the industry, management remains cautiously optimistic about growth prospects, citing initial recovery signs in the CSP market [1][3].
Financial Stability and Growth
The company’s financial position shows significant improvement, with cash and cash equivalents increasing to $35.3 million as of December 31, 2024, up from $28.2 million the previous year [3]. Operating income for Q4 2024 reached $9.5 million GAAP and $12.2 million non-GAAP, demonstrating strong operational efficiency [1][2]. Total assets grew to $345 million by the end of 2024, reflecting the company’s expanding market presence and operational scale [3].