Earnings release
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Q2 2021 Financial Highlights : ● ● ● Q2 2021 Business Highlights : ● CERAGON NETWORKS REPORTS 2021 SECOND QUARTER FINANCIAL RESULTS ● Revenues of $ 68.6 million Operating Income of $ 0.5 million on a GAAP basis , or $ 0.6 million on a non - GAAP basis EPS of $ ( 0.02 ) per diluted share on a GAAP basis , or $ ( 0.01 ) per diluted share on a non - GAAP basis CERAGON Strong bookings in North America , India and Europe ; book - to - bill way above 1 Sixteen 5G design wins to date , across all geographies North America : O Selected by three leading operators to deploy and improve 5G connectivity ; Selected by a leading service provider for a multi - year managed services agreement ; O 52 % of bookings in the first half of the year are 5G - related Europe : 31 % of bookings in the first half of the year are 5G - related India : Follow - on orders from multiple tier - 1 operators , totaling over $ 35 million ; Unparalleled market share in the region O Little Falls , New Jersey , August 2 , 2021 - Ceragon Networks Ltd. ( NASDAQ : CRNT ) , the global innovator and leading solutions provider of 5G wireless transport , today reported its financial results for the second quarter ended June 30 , 2021 . Doron Arazi , the newly appointed CEO , commented : " I've been at Ceragon for less than a month and already seen so much to be proud of , thanks to a highly efficient , proactive team . I feel fortunate to lead a team of 1,000+ dedicated and talented individuals who collectively have driven Ceragon's impressive performance , weathering unexpected storms such as the Covid - 19 pandemic , bringing the Company to where it is today . We had a strong quarter in terms of bookings , especially in North America , India and Europe . We've been awarded new contracts . To date we have sixteen 5G design wins . We're participating in more OpenRan trials . It has been a good start and I'm truly excited about all the growing 5G - era opportunities lying ahead . In this new era , we continue to increase our competitive edge by creating differentiated innovations and services . Together , our backhaul and fronthaul wireless transport solutions , our unique soon - to - be taped out System - on - Chip , and our growing focus on Managed Services offering create the right targeted mix to serve our customers ' 5G rollout and deployment objectives . Primary Second Quarter 2021 Financial Results : Revenues were $ 68.6 million , up 9.9 % from $ 62.4 million in Q2 2020 and up 0.4 % from $ 68.3 million in Q1 2021. The increase from Q2 2020 is mainly attributed to stronger sales in North America and India .