Casa Systems Reports First Quarter 2020 Financial Results
Casa Systems, Inc. (CASA)
Last casa systems, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.casa-systems.com/investor-relations
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Source: GlobeNewswire
ANDOVER, Mass., April 30, 2020 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq:CASA), a leading provider of converged broadband infrastructure technology and access device solutions for mobile, cable and fixed networks, today announced its financial results for its first quarter ended March 31, 2020. First Quarter 2020 Financial Highlights Revenue of $83.6 millionGross margin of 51.0%GAAP net income of $1.2 millionNon-GAAP net loss of ($5.3) millionGAAP net income per fully diluted share of $0.01Non-GAAP net loss per fully diluted share of ($0.07)Adjusted EBITDA of $3.7 million “Our first quarter 2020 performance was above our internal expectations,” said Jerry Guo, Casa’s President and CEO. “During the quarter, we started to see the results from executing on our strategy of growing revenue by expanding our customer base and footprint in our cable business and by expanding our addressable market to new business segments like wireless. In the latter part of the quarter, we began
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