Ceragon Networks 2015 revenue down YoY

Wireless backhaul specialist Ceragon Networks Ltd. (NASDAQ: CRNT) reported 2015 revenues of USD349.4 million, down six percent from 2014.

Gross margin was 29.5 percent in 2015, compared to 22.8 percent in 2014; operating income was USD21.6 million, compared to an operating loss of USD(32.0) million in 2014.

Net income was USD1.0 million, or USD0.01 per diluted share, while net loss for 2014 was USD(76.5) million, or USD(1.22) per diluted share.

Ceragon Networks helps operators and other service providers worldwide increase operational efficiency and enhance end customers´ quality of experience with innovative wireless backhaul solutions. Its solutions are deployed by more than 460 service providers, as well as hundreds of private network owners, in more than 130 countries.