Technology -
Communication Equipment - NASDAQ - US
$ 1.03
5.1 %
$ 29.1 M
Market Cap
-0.29
P/E
1. INTRINSIC VALUE
Balance Sheet
Cambium Networks Corporation
| Current Assets | 163 M |
| Cash & Short-Term Investments | 18.7 M |
| Receivables | 64.3 M |
| Other Current Assets | 79.5 M |
| Non-Current Assets | 55.3 M |
| Long-Term Investments | 0 |
| PP&E | 20.8 M |
| Other Non-Current Assets | 34.5 M |
| Current Liabilities | 96.3 M |
| Accounts Payable | 19.1 M |
| Short-Term Debt | 4.72 M |
| Other Current Liabilities | 72.5 M |
| Non-Current Liabilities | 40.6 M |
| Long-Term Debt | 28.5 M |
| Other Non-Current Liabilities | 12.1 M |
EFFICIENCY
Earnings Waterfall
Cambium Networks Corporation
| Revenue | 220 M |
| Cost Of Revenue | 151 M |
| Gross Profit | 68.8 M |
| Operating Expenses | 130 M |
| Operating Income | -60.9 M |
| Other Expenses | 16.6 M |
| Net Income | -77.4 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Cambium Networks Corporation
| Net Income | -77.4 M |
| Depreciation & Amortization | 9.02 M |
| Capital Expenditures | -4.59 M |
| Stock-Based Compensation | 11.6 M |
| Change in Working Capital | 14.3 M |
| Others | 38.8 M |
| Free Cash Flow | -28.2 M |
Wall Street Analysts Price Targets
Cambium Networks Corporation
Wall Street analysts predict an average 1-year price target for CMBM of $18.5 , with forecasts ranging from
a
low of
$4.5 to a high of $35 .
CMBM Lowest Price Target
Wall Street Target
4.5 USD
336.89%
CMBM Average Price Target
Wall Street Target
18.5 USD
1696.12%
CMBM Highest Price Target
Wall Street Target
35 USD
3298.06%
4. DIVIDEND
ANALYSIS
CMBM does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Cambium Networks Corporation
Sold
0-3 MONTHS
61.7 USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 month ago
Dec 02, 2024
|
Sell 61.7
USD
|
Cada-Bartoli Melissa Elizabeth
See Remarks
|
- 50
|
1.2345 USD |
|
1 year ago
Dec 07, 2023
|
Bought
2.29 K USD
|
Verma Vikram
Director
|
+ 500
|
4.576 USD |
|
1 year ago
Dec 06, 2023
|
Bought
4.6 K USD
|
Verma Vikram
Director
|
+ 1000
|
4.5997 USD |
|
1 year ago
Dec 05, 2023
|
Bought
6.92 K USD
|
Verma Vikram
Director
|
+ 1500
|
4.6127 USD |
|
1 year ago
Dec 04, 2023
|
Bought
4.75 K USD
|
Verma Vikram
Director
|
+ 1000
|
4.749 USD |
|
1 year ago
Nov 16, 2023
|
Bought
62.7 K USD
|
Lynch Kevin J
Director
|
+ 15569
|
4.0273 USD |
|
1 year ago
Nov 15, 2023
|
Bought
20.1 K USD
|
Nirwan Archana
Chief Human Resources Officer
|
+ 4874
|
4.13 USD |
|
1 year ago
Aug 23, 2023
|
Bought
99.2 K USD
|
Kurk Neal M
|
+ 11250
|
8.816 USD |
|
1 year ago
Jun 07, 2023
|
Sell 97.3 K
USD
|
Rau Sally
General Counsel
|
- 5625
|
17.29 USD |
|
1 year ago
Mar 06, 2023
|
Sell 451 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 22249
|
20.2656 USD |
|
2 years ago
Nov 30, 2022
|
Sell 46.7 K
USD
|
Vivek Vibhu
director: Senior VP, Products
|
- 2249
|
20.75 USD |
|
2 years ago
Nov 25, 2022
|
Sell 68.1 K
USD
|
Vivek Vibhu
director: Senior VP, Products
|
- 3372
|
20.2053 USD |
|
2 years ago
Nov 18, 2022
|
Sell 193 K
USD
|
Ryan Ronald G
Senior VP, Gbl Channel Mgmt
|
- 9222
|
20.9718 USD |
|
2 years ago
Sep 09, 2022
|
Sell 103 K
USD
|
Rau Sally
General Counsel
|
- 5625
|
18.2667 USD |
|
3 years ago
Dec 07, 2021
|
Sell 213 K
USD
|
Imhoff Scott
Senior VP, Product Mgmt
|
- 8000
|
26.5663 USD |
|
3 years ago
Dec 07, 2021
|
Sell 132 K
USD
|
Imhoff Scott
Senior VP, Product Mgmt
|
- 5000
|
26.3856 USD |
|
3 years ago
Dec 01, 2021
|
Sell 19.2 K
USD
|
Rau Sally
General Counsel
|
- 692
|
27.7 USD |
|
3 years ago
Dec 01, 2021
|
Sell 51.7 K
USD
|
Rau Sally
General Counsel
|
- 1875
|
27.5974 USD |
|
3 years ago
Dec 01, 2021
|
Sell 103 K
USD
|
Rau Sally
General Counsel
|
- 3750
|
27.3978 USD |
|
3 years ago
Sep 10, 2021
|
Sell 99.3 K
USD
|
Imhoff Scott
Senior VP, Product Mgmt
|
- 2788
|
35.628 USD |
|
3 years ago
Sep 10, 2021
|
Sell 79.1 K
USD
|
Imhoff Scott
Senior VP, Product Mgmt
|
- 2212
|
35.76 USD |
|
3 years ago
Sep 08, 2021
|
Sell 1.17 M
USD
|
Rau Sally
General Counsel
|
- 34116
|
34.1939 USD |
|
3 years ago
Sep 07, 2021
|
Sell 777 K
USD
|
Rau Sally
General Counsel
|
- 21250
|
36.5556 USD |
|
3 years ago
Sep 08, 2021
|
Sell 162 K
USD
|
Rau Sally
General Counsel
|
- 4634
|
35.027 USD |
|
3 years ago
Jun 16, 2021
|
Sell 27.3 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 574
|
47.621 USD |
|
3 years ago
Jun 16, 2021
|
Sell 57.5 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 1207
|
47.621 USD |
|
3 years ago
Jun 16, 2021
|
Sell 57.5 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 1207
|
47.621 USD |
|
3 years ago
Jun 16, 2021
|
Sell 18.5 K
USD
|
Ryan Ronald G
Senior VP, Gbl Channel Mgmt
|
- 388
|
47.621 USD |
|
3 years ago
Jun 07, 2021
|
Sell 92.2 M
USD
|
Slusky Alexander R
director, 10 percent owner:
|
- 2000000
|
46.08 USD |
|
3 years ago
Jun 07, 2021
|
Sell 92.2 M
USD
|
Amen Robert S
director, 10 percent owner:
|
- 2000000
|
46.08 USD |
|
3 years ago
Jun 07, 2021
|
Sell 92.2 M
USD
|
VECTOR CAPITAL, L.L.C.
director, 10 percent owner:
|
- 2000000
|
46.08 USD |
|
3 years ago
May 27, 2021
|
Sell 289 K
USD
|
Rau Sally
General Counsel
|
- 4938
|
58.5973 USD |
|
3 years ago
May 26, 2021
|
Sell 1.94 M
USD
|
Ryan Ronald G
director: Senior VP, Gbl Channel Mgmt
|
- 34648
|
55.8892 USD |
|
3 years ago
May 26, 2021
|
Sell 1.94 M
USD
|
Ryan Ronald G
Senior VP, Gbl Channel Mgmt
|
- 34648
|
55.8892 USD |
|
3 years ago
May 26, 2021
|
Sell 586 K
USD
|
Ryan Ronald G
director: Senior VP, Gbl Channel Mgmt
|
- 10352
|
56.5629 USD |
|
3 years ago
May 26, 2021
|
Sell 586 K
USD
|
Ryan Ronald G
Senior VP, Gbl Channel Mgmt
|
- 10352
|
56.5629 USD |
|
3 years ago
May 20, 2021
|
Sell 78 K
USD
|
Sheppeck Bryan
Senior VP, Global Sales
|
- 1500
|
52 USD |
|
3 years ago
May 12, 2021
|
Sell 236 K
USD
|
Sheppeck Bryan
Senior VP, Global Sales
|
- 5000
|
47.28 USD |
|
3 years ago
Mar 12, 2021
|
Sell 448 K
USD
|
Rau Sally
General Counsel
|
- 9290
|
48.2574 USD |
|
3 years ago
Mar 12, 2021
|
Sell 34.8 K
USD
|
Rau Sally
General Counsel
|
- 710
|
48.9554 USD |
|
3 years ago
Mar 11, 2021
|
Sell 124 K
USD
|
Cumming Stephen
CFO
|
- 2616
|
47.553 USD |
|
3 years ago
Mar 11, 2021
|
Sell 685 K
USD
|
Cumming Stephen
CFO
|
- 14184
|
48.2866 USD |
|
3 years ago
Mar 11, 2021
|
Sell 486 K
USD
|
Cumming Stephen
CFO
|
- 9768
|
49.7934 USD |
|
3 years ago
Mar 11, 2021
|
Sell 566 K
USD
|
Cumming Stephen
CFO
|
- 11217
|
50.4517 USD |
|
3 years ago
Mar 11, 2021
|
Sell 3.66 M
USD
|
Bhatnagar Atul
CEO
|
- 76831
|
47.6774 USD |
|
3 years ago
Mar 11, 2021
|
Sell 1.74 M
USD
|
Bhatnagar Atul
CEO
|
- 35465
|
49.0194 USD |
|
3 years ago
Mar 11, 2021
|
Sell 374 K
USD
|
Bhatnagar Atul
CEO
|
- 7516
|
49.7142 USD |
|
3 years ago
Mar 10, 2021
|
Sell 677 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 14895
|
45.4738 USD |
|
3 years ago
Mar 10, 2021
|
Sell 218 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 4705
|
46.2824 USD |
|
3 years ago
Mar 10, 2021
|
Sell 18.9 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 400
|
47.1463 USD |
|
3 years ago
Mar 01, 2021
|
Sell 1.37 M
USD
|
Cumming Stephen
CFO
|
- 30000
|
45.749 USD |
|
3 years ago
Mar 01, 2021
|
Sell 232 K
USD
|
Sheppeck Bryan
Senior VP, Global Sales
|
- 5000
|
46.5 USD |
|
3 years ago
Feb 22, 2021
|
Sell 895 K
USD
|
Imhoff Scott
Senior VP, Product Mgmt
|
- 20000
|
44.7452 USD |
|
3 years ago
Feb 22, 2021
|
Sell 257 K
USD
|
Rau Sally
General Counsel
|
- 5758
|
44.7175 USD |
|
3 years ago
Feb 22, 2021
|
Sell 70.7 K
USD
|
Rau Sally
General Counsel
|
- 1542
|
45.8311 USD |
|
3 years ago
Feb 22, 2021
|
Sell 127 K
USD
|
Rau Sally
General Counsel
|
- 2700
|
46.9157 USD |
|
4 years ago
Dec 11, 2020
|
Sell 98.8 K
USD
|
Cumming Stephen
director: CFO
|
- 4000
|
24.7014 USD |
|
4 years ago
Dec 11, 2020
|
Sell 124 K
USD
|
Sheppeck Bryan
Senior VP, Global Sales
|
- 5000
|
24.7669 USD |
|
4 years ago
Dec 11, 2020
|
Sell 24.6 K
USD
|
Rau Sally
General Counsel
|
- 1000
|
24.606 USD |
|
4 years ago
Dec 08, 2020
|
Sell 66.5 M
USD
|
VECTOR CAPITAL, L.L.C.
director, 10 percent owner:
|
- 2500000
|
26.6 USD |
|
4 years ago
Dec 08, 2020
|
Sell 66.5 M
USD
|
Amen Robert S
director, 10 percent owner:
|
- 2500000
|
26.6 USD |
|
4 years ago
Dec 08, 2020
|
Sell 66.5 M
USD
|
Slusky Alexander R
director, 10 percent owner:
|
- 2500000
|
26.6 USD |
|
4 years ago
Nov 23, 2020
|
Sell 720 K
USD
|
Vivek Vibhu
director: Senior VP, Products
|
- 30000
|
24 USD |
|
4 years ago
Nov 23, 2020
|
Sell 720 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 30000
|
24 USD |
|
4 years ago
Nov 24, 2020
|
Sell 750 K
USD
|
Vivek Vibhu
Senior VP, Products
|
- 30000
|
25 USD |
|
4 years ago
Nov 24, 2020
|
Sell 750 K
USD
|
Vivek Vibhu
director: Senior VP, Products
|
- 30000
|
25 USD |
|
4 years ago
Nov 25, 2020
|
Sell 5.07 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 200
|
25.37 USD |
|
4 years ago
Nov 12, 2020
|
Sell 359 K
USD
|
de Graaf Raymond
director: Senior VP, Operations
|
- 16133
|
22.2677 USD |
|
4 years ago
Nov 12, 2020
|
Sell 359 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 16133
|
22.2677 USD |
|
4 years ago
Nov 12, 2020
|
Sell 349 K
USD
|
de Graaf Raymond
director: Senior VP, Operations
|
- 15000
|
23.266 USD |
|
4 years ago
Nov 12, 2020
|
Sell 349 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 15000
|
23.266 USD |
|
4 years ago
Aug 21, 2020
|
Sell 6.2 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 400
|
15.5 USD |
|
4 years ago
Aug 17, 2020
|
Sell 52 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 4000
|
13 USD |
|
4 years ago
Aug 17, 2020
|
Sell 450 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 29200
|
15.3946 USD |
|
4 years ago
Aug 18, 2020
|
Sell 1.56 K
USD
|
de Graaf Raymond
Senior VP, Operations
|
- 100
|
15.555 USD |
|
4 years ago
Jun 09, 2020
|
Sell 2.52 K
USD
|
Rau Sally
General Counsel
|
- 450
|
5.6045 USD |
|
4 years ago
Jun 11, 2020
|
Sell 16 K
USD
|
Rau Sally
General Counsel
|
- 3000
|
5.33 USD |
|
4 years ago
Jun 10, 2020
|
Bought
22.9 K USD
|
Sheppeck Bryan
Senior VP, Global Sales
|
+ 4000
|
5.7286 USD |
|
4 years ago
Mar 13, 2020
|
Bought
4.03 K USD
|
Imhoff Scott
Senior VP, Product Mgmt
|
+ 1000
|
4.0258 USD |
|
4 years ago
Feb 14, 2020
|
Bought
92.2 K USD
|
Bhatnagar Atul
CEO
|
+ 14815
|
6.2252 USD |
|
5 years ago
Jun 28, 2019
|
Bought
17.8 M USD
|
VECTOR CAPITAL, L.L.C.
director, 10 percent owner:
|
+ 1482000
|
12 USD |
|
5 years ago
Jun 28, 2019
|
Bought
216 K USD
|
VECTOR CAPITAL, L.L.C.
director, 10 percent owner:
|
+ 18000
|
12 USD |
|
5 years ago
Jun 28, 2019
|
Bought
17.8 M USD
|
Slusky Alexander R
director, 10 percent owner:
|
+ 1482000
|
12 USD |
|
5 years ago
Jun 28, 2019
|
Bought
216 K USD
|
Slusky Alexander R
director, 10 percent owner:
|
+ 18000
|
12 USD |
|
5 years ago
Jun 28, 2019
|
Bought
17.8 M USD
|
Amen Robert S
director, 10 percent owner:
|
+ 1482000
|
12 USD |
|
5 years ago
Jun 28, 2019
|
Bought
216 K USD
|
Amen Robert S
director, 10 percent owner:
|
+ 18000
|
12 USD |
7. News
Why Cambium (CMBM) International Revenue Trends Deserve Your Attention
Examine the evolution of Cambium's (CMBM) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
zacks.com
- 2 months ago
Cambium Networks Corporation (CMBM) Q3 2024 Earnings Call Transcript
Cambium Networks Corporation (NASDAQ:CMBM ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Morgan Kurk - President and CEO Jacob Sayer - CFO Conference Call Participants John Roy - Water Tower Research Operator Good day, and thank you for standing by. Welcome to the Cambium Networks Third Quarter 2024 Financial Results Conference Call.
seekingalpha.com
- 2 months ago
CMBM Q3 Loss Narrower Than Expected on Solid Enterprise Revenue Growth
Healthy traction in the Enterprise segment supports Cambium's top line in Q3. Healthy growth in the gross margin and free cash flow are positives.
zacks.com
- 2 months ago
Cambium (CMBM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Cambium (CMBM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 2 months ago
Cambium (CMBM) Reports Q3 Loss, Lags Revenue Estimates
Cambium (CMBM) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.44 per share a year ago.
zacks.com
- 2 months ago
Cambium Networks Reports Third Quarter 2024 Financial Results
Revenues of $43.7 million decreased 5% sequentially Gross margin of 39.9% and non-GAAP(1) gross margin of 42.3%, both higher sequentially Operating loss of $8.1 million, non-GAAP(1) operating loss of $3.6 million Net loss of $9.7 million or a loss of $0.34 per diluted share; non-GAAP(1) net loss of $3.8 million or a loss of $0.14 per diluted share Net cash provided by operating activities of $8.9 million; $46.5 million cash on the balance sheet Adjusted EBITDA(1) loss of $2.3 million or (5.3)% of revenues, an improvement of 65% sequentially HOFFMAN ESTATES, Ill. , Nov. 7, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless and wired networking infrastructure solutions, today announced financial results for the third quarter 2024 ended September 30, 2024.
prnewswire.com
- 2 months ago
Cambium Networks Corporation Announces Third Quarter 2024 Reporting Date
HOFFMAN ESTATES, Ill. , Oct. 28, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results for the third quarter 2024 ended September 30, 2024, on Thursday, November 7, 2024.
prnewswire.com
- 2 months ago
Cambium Aims to Bridge Chicago's Digital Divide: Stock to Benefit?
The initiative reflects CMBM's commitment to corporate social responsibility and its dedication to creating inclusive opportunities.
zacks.com
- 4 months ago
Cambium Networks Collaborates with QUILT and NODE Networks to Bridge the Digital Divide in Chicago
Collaboration Aims to Increase Access to Affordable High-Speed Broadband in Underserved Communities Benefitting Over 440,000 Households HOFFMAN ESTATES, Ill. , Aug. 29, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of wireless and wired networking solutions, today announced a strategic collaboration with QUILT, a 501(c)(3) nonprofit organization, NODE Networks, TMA Technology Solutions, and ComEd to enhance digital equity in underserved communities across Chicago as part of QUILT's Broadband Access for Brighter Futures Program.
prnewswire.com
- 4 months ago
Don't Overlook Cambium (CMBM) International Revenue Trends While Assessing the Stock
Explore how Cambium's (CMBM) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
zacks.com
- 5 months ago
Cambium (CMBM) Q2 Loss Wider Than Expected on Lower Revenues
A decline in net sales, high customer inventory levels and macroeconomic headwinds led to lower revenues for Cambium (CMBM) in second-quarter 2024.
zacks.com
- 5 months ago
Cambium Networks Corporation (CMBM) Q2 2024 Earnings Call Transcript
Cambium Networks Corporation (NASDAQ:CMBM ) Q2 2024 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Peter Schuman - VP, Investor, Industry Analysts and Public Relations Morgan Kurk - President and CEO Jacob Sayer - CFO Conference Call Participants Scott Searle - Roth Capital Simon Leopold - Raymond James Operator Good afternoon. My name is Steven, and I will be your conference operator today.
seekingalpha.com
- 5 months ago
8. Profile
Summary
Cambium Networks Corporation CMBM
COUNTRY
US
INDUSTRY
Communication Equipment
MARKET CAP
$ 29.1 M
Dividend Yield
0.00%
Description
Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for commercial and government network operators. Its wireless fabric includes intelligent radios, smart antennas, radio frequency (RF) algorithms, wireless-aware switches, and cloud-based network management software. The company offers point-to-point backhaul, point-to-multipoint distribution, Wi-Fi access, cnMatrix ethernet enterprise switching, cnReach IIoT, cnVision video surveillance transport, and cnMaestro and network management tools and solutions. It also offers point-to-point solutions that are connected to high-speed, high-bandwidth wireline networks; and wireless broadband backhaul to facilities or point-to-multipoint access points deployed throughout a network over distances of approximately 100 kilometers and at 2 gigabytes per second. The company also offers cnPilot and Xirrus Wi-Fi solution provides distributed access to individual users in indoor settings, such as office complexes, and outdoor settings, such as athletic stadiums and outdoor public Wi-Fi spots; cnReach solutions offer narrow-band connectivity for sensors and devices; embedded proprietary RF technology and software enables automated optimization of data flow at the outermost points in the network; cnMatrix cloud-managed wireless-aware switching solution provides the interface between wireless and wired networks; and cnVision solutions for video surveillance and CCTV deployments. It serves medium-sized wireless Internet service providers, mobile network operators, enterprises, and government agencies in North America, Europe, the Middle East, Africa, Caribbean and Latin America, and the Asia Pacific. The company was formerly known as Vector Cambium Holdings (Cayman), Ltd. and changed its name to Cambium Networks Corporation in 2018. The was founded in 2011 and is headquartered in Rolling Meadows, Illinois.
Contact
3800 Golf Road, Rolling Meadows, IL, 60008
https://www.cambiumnetworks.com
IPO
Date
June 26, 2019
Employees
625
Officers
Mr. Vibhu Vivek
Senior Vice President of Products
Mr. Ronald G. Ryan
Senior Vice President of Global Channel Management
Mr. Scott Imhoff
Senior Vice President of Product Management
Mr. Peter Schuman
Senior Director of Investor & Industry Analyst Relations
Ms. Sally J. Rau J.D.
Senior Vice President & Chief Legal Officer
Ms. Melissa Cada Bartoli
Global Controller & Chief Accounting Officer
Mr. Nigel King
Chief Technical Officer
Mr. Morgan C. S. Kurk
Chief Executive Officer, President & Director
Mr. Jacob A. Sayer
Chief Financial Officer
Mr. Raymond de Graaf
Senior Vice President of Operations