Casa Systems (CASA) Misses Q1 EPS by 17c; Offers FY23 Revenue Guidance

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Casa Systems Reports First Quarter 2023 Financial Results

May 9, 2023 4:30 PM EDT

Also Announces Execution of Strategic Term Loan B Transaction Support Agreement to Extend Debt MaturityReiterates Full Year 2023 Guidance

ANDOVER, Mass., May 09, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today reported its financial results for the first quarter ended March 31, 2023.

With respect to first quarter financial results, the Company announced the following:

First Quarter 2023 Financial & Operational Highlights

Revenue of $45.3 millionGAAP net... More