Casa Systems (CASA) Misses Q2 EPS by 15c; Offers FY23 Revenue Guidance
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Casa Systems Reports Second Quarter 2023 Financial Results
August 8, 2023 4:05 PM EDTSecond Quarter Revenue Increases 28% Over Prior QuarterCable Revenue Improves by 79% From Prior QuarterWorking Capital Position Substantially ImprovesCurrent Deferred Revenue Position Up $22 Million Since Year EndSuccessfully Refinanced Term Loan B in June 2023Positive Q2 Operating Cash Flow Results of $4.4 MillionRevises Revenue Guidance to $265M - $290M; Reiterates Full Year Net Adjusted EBITDA Profitability Goal
ANDOVER, Mass., Aug. 08, 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... More
