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Cambium Networks to Delay Form 10-K Filing for Fiscal Year 2024

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HOFFMAN ESTATES, Ill., March 31, 2025 /PRNewswire/ — Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM), a leading provider of wireless and wired networking infrastructure solutions, today announced that it has filed a Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

Cambium Networks has determined that it is unable to file, without unreasonable effort or expense, its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 by the prescribed filing due date because the Company requires additional time to finalize the Company’s consolidated financial statements and finalize its assessment of internal control over financial reporting and related disclosures.

In addition to the material weaknesses disclosed in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, the Company has identified certain material weaknesses in its preliminary assessment of internal control over financial reporting for the fiscal year ended December 31, 2024 related to Allowance for Credit Losses, Customer Incentives, and Information Technology General Controls.  The Company has initiated and will continue to implement measures designed to improve its internal control over financial reporting to remediate these material weaknesses with oversight from the Audit Committee of the Board of Directors and assistance from its external advisors, as well as implementing additional processes and controls to address the underlying causes associated with the material weaknesses.

The Company expects to issue its full financial results for the year ended December 31, 2024 when the financial reporting process along with the review of the results and the related audit are completed.

Comparison of Anticipated Results

For the year ended December 31, 2024, the Company expects to report revenues of approximately $166.0 million, compared to revenues of $220.2 million for the prior year ended December 31, 2023. The Company expects to report a net loss of approximately $92.0 million, or $3.29 per diluted share for the year ended December 31, 2024, compared to a net loss of $77.4 million, or $2.81 per diluted share, for the prior year ended December 31, 2023.

For the quarter ended December 31, 2024, the Company expects to report revenues of approximately $34.0 million, compared to revenues of $40.2 million for the quarter ended December 31, 2023. The Company expects to report a net loss of approximately $47.0 million, or $1.66 per diluted share for the quarter ended December 31, 2024, compared to a net loss of $52.9 million, or $1.91 per diluted share, for the quarter ended December 31, 2023.

Included in net losses for the quarter and year ended December 31, 2024 are approximately $27.0 million of non-cash charges related to the impairment of goodwill, long-life assets, and other intangible assets. These impairments were driven by weakened forecast demand and competitive market pressures.

The Company anticipates that its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 will include disclosures around the substantial doubt regarding the Company’s ability to continue as a going concern.

The foregoing financial information is preliminary, unaudited and subject to change pending the filing of the Form 10-K for the fiscal year ended December 31, 2024.

Forward-Looking Statements
Certain matters discussed constitute forward-looking statements within the meaning of the federal securities laws. All statements contained in this notification that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding anticipated results for the quarter and full year ended December 31, 2024, the material weaknesses in the Company’s internal control over financial reporting as of December 31, 2024, and the Company’s expectations regarding the timing of the filing of the Form 10-K. These forward-looking statements are based on management’s current expectations.

These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from expectations include, but are not limited to the effectiveness of the Company’s internal control over financial reporting and disclosure controls and procedures; the potential for additional material weaknesses in the Company’s internal controls over financial reporting or other potential control deficiencies of which the Company is not currently aware or which have not been detected; the Company’s ability to continue as a going concern; the risk that the completion and filing of the Form 10-K will take longer than expected; additional information that may arise during the finalization of the Form 10-K; and the risks discussed in detail in “Item 1A. Risk Factors” of the Company’s most recent Annual Report on Form 10-K, as updated by its other filings with the SEC. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

About Cambium Networks

Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences, and device connectivity, with compelling economics. Our ONE Network platform simplifies management of Cambium Networks’ wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We make connectivity that just works.

Contacts: 
Investor Relations
Cambium Networks
investors@Cambiumnetworks.com

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SOURCE Cambium Networks

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HashKey Exchange Achieves SOC 1 Type 2 and SOC 2 Type 2 Certifications

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HONG KONG, May 11, 2025 /PRNewswire/ — HashKey Exchange, the largest* licensed virtual asset exchange in Hong Kong, today announced that HashKey Custody Services Limited** (abbreviated as “HashKey Exchange”) has achieved the SOC 1 Type 2 Certification and SOC 2 Type 2 Certification. The certification reinforces HashKey Exchange’s role as a trusted partner for institutional and retail clients seeking compliant, enterprise-grade solutions.

The certification reports include the auditor’s opinion affirming the suitability and operational effectiveness of controls, defined control objectives aligned with security, availability, and confidentiality criteria, rigorous testing methodologies including inspections and risk assessments, and evidence of consistent control effectiveness throughout the audit period.

The scope of the certification provides reasonable assurance that HashKey Exchange’s service commitments and system requirements are achieved based on the Trust Services Criteria relevant to security, availability, and confidentiality (“applicable trust services criteria”) set forth in TSP Section 100, 2017 Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, and Privacy, under the AICPA Trust Services Criteria.

This achievement is significant, reflecting a well-designed system that provides reliable, secure, and resilient services for users across HashKey Exchange’s platforms, including digital asset trading, custody, and asset management solutions. The SOC 1 Type 2 audit assessed HashKey Exchange’s controls over a specified timeframe, confirming ongoing effectiveness in ensuring financial reporting accuracy, maintaining data integrity, and complying with regulatory requirements. The SOC 2 Type 2 audit evaluated HashKey’s controls over an extended period, ensuring consistent operational effectiveness in safeguarding client data, mitigating risks, and maintaining system uptime.

The certification builds on HashKey Exchange’s existing compliance framework, which includes ISO 27001 (information security management) and ISO 27701 (privacy information management), positioning HashKey Exchange as a high-level global digital asset service provider able to meet such rigorous, multi-layered standards.

The SOC 1 Type 2 Certification is accordance with International Standard on Assurance Engagement 3402, Assurance Reports on Controls at a Service Organisation (“ISAE 3402”), issued by the International Auditing and Assurance Standards Board (“IAASB”). SOC 2 Type 2 Certification based on the AICPA’s Trust Services Criteria. Both are rigorous compliance reports verifying that an organization’s controls operate effectively over a sustained period. These reports are issued by independent auditing firms accredited to assess and attest to the operational reliability of these controls.

*As of January 31, 2025, HashKey Exchange ranks 7 on CoinGecko’s global exchange list and is the highest-ranked licensed virtual asset exchange in Hong Kong.

**Note: HashKey Custody Services Limited serves the sole purpose of safeguarding custodial clients’ assets for HashKey Exchange, which can be referred to simply as HashKey Exchange.

About HashKey Exchange
On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, HashKey Exchange (HBL) was granted as a licensed virtual asset exchange to provide retail services in Hong Kong. HashKey Exchange has received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence, Type 7 (Providing automated trading services) licence and Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence. As HashKey Group’s flagship exchange business, HashKey Exchange provides trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications. HashKey Exchange does not service users from Mainland China, United States and certain other jurisdictions in compliance with laws and regulations. This material has not been reviewed by the Securities and Futures Commission of Hong Kong or any other regulator.

Stay tuned for more details about HashKey Exchange. Follow us on Twitter and LinkedIn.

Disclaimers

View original content:https://www.prnewswire.com/apac/news-releases/hashkey-exchange-achieves-soc-1-type-2-and-soc-2-type-2-certifications-302451720.html

SOURCE HashKey Exchange

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DynaFile Leverages the Power of Adobe Acrobat Sign to Eliminate Paper and Simplify HR Document Management

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DynaFile Announces Integration with Adobe Acrobat Sign to Simplify HR Document Management DynaFile has launched a new integration with Adobe Acrobat Sign to help HR teams fully digitize their document workflows. This integration allows for seamless electronic signatures and automated filing of signed documents into DynaFile’s secure, cloud-based repository, making files instantly accessible and audit-ready. The combined solution streamlines critical HR processes such as onboarding, policy acknowledgments, tax forms, and compliance documents—ideal for remote and hybrid teams. It also supports industry-specific compliance needs (HIPAA, FERPA, GLBA, FDA 21 CFR Part 11) through secure encryption, audit trails, and automated retention tools. With this integration, HR professionals can reduce paper use, boost efficiency, and ensure compliance across every stage of the employee lifecycle.

GREENWOOD VILLAGE, Colo., May 10, 2025 /PRNewswire-PRWeb/ — DynaFile, the industry-leading cloud-based document management system for HR, is proud to announce a new integration leveraging Adobe Acrobat Sign, a trusted global e-Signature solution. By combining the power of DynaFile’s automated document management with Adobe Acrobat Sign’s secure e-Signature capabilities, HR teams can now fully digitize employee file workflows in a secure, compliant, and efficient way.

We’re excited to offer our customers seamless e-Signature capabilities by integrating with Adobe Acrobat Sign. This powerful connection gives HR professionals the tools they need to eliminate paper, streamline compliance, and operate more efficiently across every stage of the employee lifecycle.

The Adobe Acrobat Sign + DynaFile integration creates an end-to-end digital document workflow, from signature collection to secure, organized file storage. Signed documents are automatically routed into DynaFile’s cloud repository. They are indexed and organized by employee and document type, making them instantly accessible, searchable, and audit-ready.

“We’re excited to offer our customers seamless e-Signature capabilities by integrating with Adobe Acrobat Sign,” said Brian McCleary, VP of Operations at DynaFile. “This powerful connection gives HR professionals the tools they need to eliminate paper, streamline compliance, and operate more efficiently across every stage of the employee lifecycle.”

Built for the Modern HR Department

Together, DynaFile and Adobe Acrobat Sign deliver a best-in-class solution that simplifies the management and e-Signature of essential HR documents, including:

New hire onboarding packets and offer letters

Employee policy acknowledgments and handbooks

I-9’s, W-4’s, and other tax documents

Benefits enrollment and change forms

Performance evaluations and disciplinary notices

Training records and compliance certifications

Employment contracts, NDAs, and separation agreements

Documents can not only be signed from any device, anywhere, but can now be easily and securely accessed by appropriate HR team members from anywhere, making this integration ideal for remote, hybrid, and distributed teams.

Compliant e-Signatures That Work Across Industries

DynaFile and Adobe Acrobat Sign bring enterprise-grade security and compliance to HR workflows across regulated industries such as healthcare, education, and finance. By combining the security features built into DynaFile and Adobe Acrobat Sign, HR departments can meet key compliance standards, including:

HIPAA (Health Insurance Portability and Accountability Act)FERPA (Family Educational Rights and Privacy Act)GLBA (Gramm-Leach-Bliley Act)FDA 21 CFR Part 11 (electronic records and signature compliance)

With built-in encryption, detailed audit trails, and automated compliance features, organizations can reduce risk while ensuring secure, legally binding digital transactions.

Compliance Made Even Easier with DynaFile

Once documents are signed via Adobe Acrobat Sign, DynaFile automatically files them in the appropriate folder, eliminating manual uploads and reducing the risk of misfiled paperwork. DynaFile’s compliance toolkit includes customizable document retention schedules, role-based access controls, and automated alerts for missing or expiring documents. Together, DynaFile and Adobe Acrobat Sign provide HR teams with a secure, fully digital solution to stay organized, compliant, and audit-ready.

“This integration brings together two trusted technologies to create a smarter, faster way to manage HR documentation,” added Brock Kane, VP of Sales and Marketing at DynaFile. “It’s a powerful upgrade for modern, digital-first HR teams.”

About DynaFile

For over 25 years, DynaFile has empowered HR teams to go paperless, improve compliance, and streamline employee file management. This cloud-based document management solution integrates seamlessly with leading HRIS and HCM platforms to provide a secure, centralized system for digital onboarding, document tracking, and long-term record retention. Trusted by HR leaders across industries, DynaFile features barcode scanning, automated workflows, and role-based access controls to keep your team organized, compliant, and audit-ready.

Learn more: www.dynafile.com

About Adobe Acrobat Sign

Adobe Acrobat Sign, part of Adobe Document Cloud, is a global leader in secure electronic signatures. Designed for ease of use, speed, and compliance, Adobe Acrobat Sign helps organizations digitally transform their document processes. With integrations across Microsoft, Salesforce, Workday, and now DynaFile, Adobe Acrobat Sign supports millions of users worldwide in creating efficient, legally binding, and fully auditable digital workflows.

Learn more: www.adobe.com/sign

Media Contact

Brock Kane, Blue Ribbon Technologies, 1 303-459-2078, bkane@dynafile.com, https://www.dynafile.com 

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SOURCE DynaFile

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TCL CSOT to Unveil Industry-Leading Display Innovations at SID Display Week 2025

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SAN JOSE, Calif., May 10, 2025 /PRNewswire/ — TCL CSOT, a global leader in display technologies, is set to participate in SID Display Week 2025 with a compelling showcase of innovations that will define the next generation of intelligent displays. From high-performance Inkjet Printing OLED (IJP OLED) and MLED products to advanced FMM OLED and LCD applications, TCL CSOT will present a full spectrum of future-ready display solutions under its APEX innovation platform.

“Introduced in 2024, the APEX brand represents TCL CSOT’s vision for the future of display technology—where exceptional visual performance aligns with human-centric innovation, energy efficiency, and sustainable development,” said Jun Zhao, Chief Executive Officer of TCL CSOT. “At SID 2025, the APEX platform will debut a new generation of groundbreaking technologies that reflect our continued commitment to shaping a more intelligent and environmentally conscious display era.”

Breakthroughs Across Sizes and Applications in IJP OLED

TCL CSOT has been a pioneer in IJP OLED for over a decade. With consistent investment and deep technical expertise, the company has introduced multiple world-first innovations—spanning ultra-large panels and high-resolution flexible displays. As one of the first manufacturers to achieve production-scale commercialization of IJP OLED, TCL CSOT is advancing both the performance and scalability of the technology through greater material efficiency and process flexibility.

At SID 2025, TCL CSOT will debut a complete IJP OLED family bucket—including smartphones, tablets, laptops, rollable displays, and TVs—highlighting the brand’s industry leadership in delivering eco-efficient, production-ready IJP OLED solutions across all mainstream device categories.

Advancing the Full-Spectrum MLED Ecosystem

TCL CSOT continues to push the boundaries of Micro LED technology, introducing high-contrast, high-uniformity display solutions across a wide range of form factors. As part of its MLED ecosystem strategy, the company will present next-generation innovations across scale, brightness, and integration—pushing the boundaries of Micro LED applications. These innovations signal the ongoing evolution of MLED technology into a true platform for immersive, sustainable, and intelligent visual systems.

APEX Across Categories – Comprehensive Display Innovation

In addition to OLED and MLED advancements, TCL CSOT’s APEX platform will feature a robust lineup of innovations across multiple display segments. Highlights include:

Advanced HVA and HFS technologies for improved image quality, low power consumption, and eye-care.Breakthrough FMM OLED displays for slim, high-performance consumer electronics.Next-gen automotive displays designed to elevate in-cabin interactivity, visibility, and aesthetics.

Together, these innovations reflect TCL CSOT’s comprehensive leadership across the intelligent display ecosystem—advancing user experience, technical versatility, and environmental responsibility across industries.

Exhibition Details

Event: SID Display Week 2025
Date: May 13–15, 2025
Location: San Jose McEnery Convention Center, California
Booth: #816

TCL CSOT warmly welcomes industry professionals, media representatives, and ecosystem partners to visit its booth and experience firsthand the technologies that are shaping the future of smart visual interaction. The company looks forward to engaging discussions, collaboration opportunities, and the sharing of insights that will define the next phase of display innovation.

About TCL CSOT

Established in 2009, TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT) is a leading global innovator in display technologies. Its LCD, OLED, and MLED solutions power applications across TVs, smartphones, tablets, laptops, monitors, automotive systems, VR/XR, and commercial displays. With continuous investment in R&D and a strong global supply ecosystem, TCL CSOT is committed to shaping the future of display technology with intelligent, energy-efficient, and user-centric innovations. As part of TCL’s Worldwide Olympic Partnership through 2032, TCL CSOT is proud to deliver display solutions that elevate experiences on the global stage.

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SOURCE TCL China Star Optoelectronics Technology

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