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Stock impact report

Casa Systems Reports Fourth Quarter 2018 and Full Year 2018 Financial Results

Casa Systems, Inc. (CASA) 
Last casa systems, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
ANDOVER, Mass., Feb. 21, 2019 (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 the fourth quarter and year ended December 31, 2018. Fourth Quarter 2018 Financial Highlights Revenue of $67.8 millionGross margin of 73.2%GAAP net income of $14.9 millionNon-GAAP net income of $17.3 millionGAAP net income per fully diluted share of $0.17Non-GAAP net income per fully diluted share of $0.20Adjusted EBITDA of $21.6 million 2018 Financial Highlights Revenue of $297.1 millionGross margin of 73.4%GAAP net income of $73.0 millionNon-GAAP net income of $81.5 millionGAAP net income per fully diluted share of $0.79Non-GAAP net income per fully diluted share of $0.88Adjusted EBITDA of $98.1 million “Our fourth quarter results were impacted by lower than expected spending by a few MSO customers, particularly with respect to hardware, Show less Read more
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