Casa Systems (CASA) Tops Q1 EPS by 12c

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Go back to Casa Systems (CASA) Tops Q1 EPS by 12c

Casa Systems Reports First Quarter 2019 Financial Results

May 1, 2019 4:05 PM EDT

ANDOVER, Mass., May 01, 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 its first quarter ended March 31, 2019.

First Quarter 2019 Financial Highlights

Revenue of $35.5 millionGross margin of 69.0%GAAP net loss of $15.3 millionNon-GAAP net loss of $11.6 millionGAAP net loss per fully diluted share of $0.18Non-GAAP net loss per fully diluted share of $0.14Adjusted EBITDA loss of $7.7 million... More