Ceragon Networks Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 87.26 million compared to USD 78.65 million a year ago. Net income was USD 3.37 million compared to net loss of USD 0.863 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 256.82 million compared to USD 219.64 million a year ago. Net income was USD 7.42 million compared to net loss of USD 4.67 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.