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Stock impact report

Casa Systems Announces Fourth Quarter and Full Year 2017 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 $351.6 million for 2017Won Three Tier-1 Mobile Customers for New Wireless Solutions ANDOVER, Mass., March 06, 2018 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a provider of software-centric solutions for next-generation centralized, distributed and virtualized architectures for cable broadband, fixed-line broadband and wireless networks, today announced its financial results for its fourth quarter and year ended December 31, 2017. Fourth Quarter 2017 Financial Highlights Revenues were $118.0 million, an increase of 18.9% compared to the fourth quarter of 2016Gross margin of 77.1%, compared to gross margin of 76.8% in the fourth quarter of 2016GAAP net income of $28.9 million, a decrease of 27.6% compared to the fourth quarter of 2016Non-GAAP net income of $53.7 million, an increase of 28.7% compared to the fourth quarter of 2016Adjusted EBITDA of $59.8 million, an increase of 9.6% compared to the fourth quarter of 2016 2017 Financial Highlights Revenues we Show less Read more
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