Ceragon Networks Ltd.

(NASDAQ:CRNT)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007	Sep 30, 2007
Assets
Current Assets
Cash & Equivalents	40,498	48,298	58,650	24,531
Restricted Cash	—	—	—	—
Marketable Securities	33,192	31,960	32,396	11,563
Accounts Receivable	68,740	50,467	40,533	34,232
Loans Receivable	—	—	—	—
Other Receivable	—	—	6,441	7,231
Receivables	68,740	50,467	46,974	41,463
Raw Materials	—	—	3,872	—
Work in Progress	—	—	4,712	—
Purchased Components	—	—	—	—
Finished Goods	—	—	28,179	—
Other Inventories	36,926	34,168	—	39,069
Inventories Adjustments and Allowances	—	—	—	—
Inventories	36,926	34,168	36,763	39,069
Prepaid Expenses	—	—	4,447	—
Current Deferred Income Taxes	6,267	—	—	—
Other Current Assets	—	—	—	—
Total Current Assets	185,623	164,893	179,230	116,626
Land and Improvements	—	—	—	—
Building and Improvements	—	—	661	—
Machinery Furniture and Equipment	—	—	13,857	—
Construction in Progress	—	—	—	—
Other Fixed Assets	16,490	15,380	—	12,740
Total Fixed Assets	16,490	15,380	14,518	12,740
Gross Fixed Assets	16,490	15,380	14,518	12,740
Accumulated Depreciation and Depletion	10,071	10,071	10,071	8,833
Net Fixed Assets	6,419	5,309	4,447	3,907
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	5,765	—	—	—
Other Non Current Assets	38,877	44,138	33,963	3,995
Total Non Current Assets	51,061	49,447	38,410	7,902
Total Assets	236,684	214,340	217,640	124,528
Liabilities
Current Liabilities
Accounts Payable	44,547	35,532	25,173	29,652
Notes Payable	—	—	—	—
Short Term Debt	—	—	—	—
Accrued Expenses	—	—	1,983	—
Accrued Liabilities	—	—	6,780	—
Deferred Revenues	2,806	4,628	6,702	7,189
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	—	—	6,172	12,186
Total Current Liabilities	47,353	40,160	46,810	49,027
Non Current Liabilities
Long Term Debt	—	—	—	—
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	6,646	8,186	9,936	9,073
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	53,999	48,346	56,746	58,100
Total Liabilities	6,646	8,186	9,936	9,073
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	182,685	165,994	160,894	66,428
Common Par	91	91	91	73
Additional Paid in Capital	283,462	281,939	281,086	191,249
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-100,806	-116,290	-120,563	-124,991
Treasury Stock	—	—	—	—
Other Equity Adjustments	-62	254	280	97
Total Capitalization	182,685	165,994	160,894	66,428
Cash Flow	29,422	16,653	14,478	1,971
Working Capital	138,270	124,733	132,420	67,599
Free Cash Flow	-13,587	-1,179	-7,183	-1,100
Invested Capital	182,685	165,994	160,894	66,428
Total Equity	182,685	165,994	160,894	66,428
Total Liabilities and Stock Equity	236,684	214,340	217,640	124,528

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	58,650	10,170	10,315	11,234
Restricted Cash	—	—	—	—
Marketable Securities	32,396	11,942	9,571	15,074
Accounts Receivable	40,533	27,433	15,079	6,939
Loans Receivable	—	—	—	—
Other Receivable	6,441	4,051	2,148	3,526
Receivables	46,974	31,484	17,227	10,465
Raw Materials	3,872	6,573	4,126	5,251
Work in Progress	4,712	2,257	4,289	6,060
Purchased Components	—	—	—	—
Finished Goods	28,179	18,481	7,729	7,772
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	36,763	27,311	16,144	19,083
Prepaid Expenses	4,447	1,213	784	909
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	—	1,661	2,209	—
Total Current Assets	179,230	83,781	56,250	56,765
Land and Improvements	—	—	—	—
Building and Improvements	661	577	514	510
Machinery Furniture and Equipment	13,857	10,916	9,545	8,838
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	—	—
Total Fixed Assets	14,518	11,493	10,059	9,348
Gross Fixed Assets	14,518	11,493	10,059	9,348
Accumulated Depreciation and Depletion	10,071	8,833	7,595	6,832
Net Fixed Assets	4,447	2,660	2,464	2,516
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	33,963	9,910	15,278	13,830
Total Non Current Assets	38,410	12,570	17,742	16,346
Total Assets	217,640	96,351	73,992	73,111
Liabilities
Current Liabilities
Accounts Payable	25,173	22,147	12,382	9,348
Notes Payable	—	—	—	—
Short Term Debt	—	—	—	—
Accrued Expenses	1,983	1,401	530	3,742
Accrued Liabilities	6,780	—	3,018	—
Deferred Revenues	6,702	3,739	3,456	3,114
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	6,172	9,226	1,993	1,734
Total Current Liabilities	46,810	36,513	21,379	17,938
Non Current Liabilities
Long Term Debt	—	—	—	—
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	9,936	12,277	3,424	2,986
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	56,746	48,790	24,803	20,924
Total Liabilities	9,936	12,277	3,424	2,986
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	160,894	47,561	49,189	52,187
Common Par	91	68	65	64
Additional Paid in Capital	281,086	181,128	177,338	176,546
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-120,563	-133,699	-128,239	-124,412
Treasury Stock	—	—	—	—
Other Equity Adjustments	280	64	25	-11
Total Capitalization	160,894	47,561	49,189	52,187
Cash Flow	14,478	-4,266	-2,693	2,821
Working Capital	132,420	47,268	34,871	38,827
Free Cash Flow	-7,183	-5,744	-5,250	-2,414
Invested Capital	160,894	47,561	49,189	52,187
Total Equity	160,894	47,561	49,189	52,187
Total Liabilities and Stock Equity	217,640	96,351	73,992	73,111