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Stock impact report

Casa Systems Announces First Quarter 2018 Financial Results

Casa Systems, Inc. (CASA) 
Last casa systems, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
Revenue of $89.1 million for first quarter of 2018Non-GAAP Net Income of $21.6 million, or $0.23 per share, for the first quarter of 2018 ANDOVER, Mass., May 10, 2018 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of converged broadband infrastructure technology solutions for mobile, cable and fixed networks, today announced its financial results for its first quarter ended March 31, 2018. First Quarter 2018 Financial Highlights Revenues were $89.1 million, an increase of 22.5% compared to the first quarter of 2017Gross margin of 69.6%, compared to gross margin of 72.0% in the first quarter of 2017GAAP net income of $17.8 million, a decrease of 2.1% compared to the first quarter of 2017Non-GAAP net income of $21.6 million, an increase of 8.4% compared to the first quarter of 2017Adjusted EBITDA of $29.5 million, an increase of 11.6% compared to the first quarter of 2017 “I am pleased to report that we had another strong quarter,” said Jerry Guo, Casa’s Show less Read more
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