Casa Systems (CASA) Tops Q4 EPS by 6c, FY Guidance Misses

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

February 21, 2019 4:20 PM EST

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... More