Ceragon Networks reported its financial results for Q1 2013, with revenues of $90.1 million, down 19% from Q1 2012. The company saw increased revenue in Latin America but declines in other regions. Gross margin was 31.9%, consistent with prior periods. Research and development expenses increased as a percentage of revenue to 11.5% due to increased investment. This led to a non-GAAP net loss of $5.7 million compared to a loss of $2.2 million in Q1 2012. The report included analysis of revenue by region and customer type, profit and loss, cash flow, balance sheet items and a reconciliation of non-GAAP to GAAP results.