Ceragon Networks Ltd., a specialist in wireless backhaul equipment, reported a revenue decline to $339 million in 2025 from $394 million in 2024, driven by softer demand in key markets. Despite increased operating expenses and a modest net loss of $2.1 million in 2025, Ceragon maintained positive operating cash flow of $31.6 million and liquidity of $38.4 million. Strategic acquisitions of Siklu and E2E expanded its technology capabilities in multi-gigabit wireless fiber and private networks for critical sectors. Going forward, growth hinges on integrating these acquisitions, navigating geopolitical risks notably in EMEA, and managing financial covenants tied to its credit facility.