Ceragon Networks Ltd. reported its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, revenues reached $106.9 million, an 18.3% increase from $90.4 million in Q4 2023, marking the highest quarterly revenue since Q4 2014.
For the full year 2024, revenues were $394.2 million, up 13.5% from $347.2 million in 2023, representing the highest full-year revenue since 2012. The company achieved a record GAAP operating profit of $38.7 million and a record non-GAAP operating profit of $48.8 million for the full year.
GAAP net income for the full year was $24.1 million, or $0.27 per diluted share, the highest since 2008. For 2025, management expects revenue between $390 million and $430 million, including contributions from the E2E acquisition, and anticipates non-GAAP operating margins of at least 10% at the low end of this range, with higher positive free cash flow than in 2024.
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