Casa Systems (CASA) Tops Q4 EPS by 15c

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Go back to Casa Systems (CASA) Tops Q4 EPS by 15c

Casa Systems Reports Fourth Quarter and Full Year 2019 Financial Results

February 20, 2020 4:15 PM EST

ANDOVER, Mass., Feb. 20, 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 fourth quarter and year ended December 31, 2019.

Fourth Quarter 2019 Financial Highlights

Revenue of $112.9 millionGross margin of 52.7%GAAP net loss of $25.7 millionNon-GAAP net income of $13.1 millionGAAP net loss per fully diluted share of $0.31Non-GAAP net income per fully diluted share of $0.15Adjusted EBITDA of $18.2 million

2019... More