CASA - Earnings announcements

Third Quarter Revenue Increases 7% Over Prior QuarterContinued High Growth In Our Cloud and RAN Product LinesRevises Annual Revenue Guidance Range to $205 Million to $225 Million ANDOVER, Mass., Nov. 07, 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 third quarter ended September 30, 2023. Third Quarter 2023 Financial & Operational Highlights Revenue of $62.1 millionGross margin of $25.9 million, including $7.9 million in non-cash inventory obsolescence charges during Q3GAAP net loss of ($25.6) million, including n

ANDOVER, Mass., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its third quarter 2023 results on Tuesday, November 7, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' third quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4

Second 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 for the second quarter ended June 3

ANDOVER, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its second quarter 2023 results on Tuesday, August 8, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' second quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-800-267-6316 (domestic) and 1

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 loss of $(31.7) million, including severance charges of approximately $3.9 millionNon-GAAP net loss o

ANDOVER, Mass., April 27, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its first quarter 2023 results on Tuesday, May 9, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 6:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' first quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4019 (domestic) and 1-201

Jerry Guo to Retire as President and CEO, Remains on Casa Board of DirectorsBruce Evans Appointed New Chairman of Expanded Board of DirectorsScott Bruckner Joins the Board of Directors Q4 Revenue of $84.4 Million Slightly Exceeds High End of Preliminary Guidance GAAP Net Income of $1.2 Million and Positive Net Adjusted EBITDA of $5.2 Million for Quarter Debt Reduced by $49.2 Million to $226.0 Million during Q4 Provides Full Year Revenue and Net Adjusted EBITDA Guidance ANDOVER, Mass., March 14, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable, and fixed network

ANDOVER, Mass., March 07, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its fourth quarter and full year 2022 results on Tuesday, March 14, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' fourth quarter and full year results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-

Continued Progress in Cloud-Native 5G Market Access with Google Cloud Partnership Execution on Deleveraging Plan with Reduction of Senior Debt by $41.7 million on November 2 Positive Operating Cash Flow and Strong Cash Position Cable Revenue Increased 20% Sequentially ANDOVER, Mass., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable and fixed networks, today announced its financial results for its third quarter ended September 30, 2022. Third Quarter 2022 Financial & Operational Highlights

ANDOVER, Mass., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its third quarter 2022 results on Thursday, November 3, 2022 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Daylight Time the same day. A live audio webcast of Casa Systems' third quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4019 (domes

Verizon Multi-Year Agreement Progressing on Schedule 5G Cloud-Native Solutions Gain Additional Traction with Tier 1 CSPs Strong Bookings and Billings During Quarter Revenue up 10% Sequentially Over Q1 Backlog and Deferred Revenue Continues to Grow ANDOVER, Mass., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable and fixed networks, today announced its financial results for its second quarter ended June 30, 2022. Second Quarter 2022 Financial & Operational Highlights Revenue of $70.8 millionGross margin of 37.6%GAAP net loss of $(16.7) millionNon-GAAP net loss

ANDOVER, Mass., July 21, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its second quarter 2022 results on Thursday, August 4, 2022 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Daylight Time the same day. A live audio webcast of Casa Systems' second quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4019 (domes

Company Accelerates Transformation as a Leader in Cloud-Native Software with Verizon Agreement Reports Revenue of $64.4 million Total Backlog Increased, Sales Pipeline Growing Temporarily Suspending Fiscal Year 2022 Guidance ANDOVER, Mass., May 04, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable and fixed networks, today announced its financial results for its first quarter ended March 31, 2022. First Quarter 2022 Financial & Operational Highlights Revenue of $64.4 millionGross margin of 41.4%GAAP net loss of $(32.6) million, including $10.4 million tax provisionNon-

ANDOVER, Mass., April 20, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA) a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its first quarter 2022 results on Wednesday, May 4, 2022 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5 p.m. Eastern Daylight Time the same day. A live audio webcast of Casa Systems' first quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4019 (domestic

Casa Systems to provide its 5G Core Network Functions to help enable Verizon's public Mobile Edge Computing service offering Verizon to make ~$40 million equity investment in Casa Common Stock ANDOVER, Mass., April 18, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for mobile, cable and fixed networks, today announced that they have been awarded a multi-year purchase contract from Verizon ((NYSE, NASDAQ:VZ). In addition, Verizon will make an investment of approximately $40M in Casa common stock, resulting in a 9.9% ownership stake. Under the terms of the commercial agreement, Casa Systems wil

Double Digit Q4 and Full Year Wireless GrowthFull Year Revenue Growth Despite Supply Chain ImpactCompany Guides to Significant Software and Margin Increase in FY 2022 ANDOVER, Mass., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable and fixed networks, today announced its financial results for its fourth quarter and year ended December 31, 2021. Fourth Quarter 2021 Financial & Operational Highlights Revenue of $105.1 millionGross margin of 43.8%GAAP net income of $1.5 millionNon-GAAP net income of $6.5 millionGAAP net income per fully diluted share of

ANDOVER, Mass., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA) a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its fourth quarter 2021 results on Thursday, February 24, 2022 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5 p.m. Eastern Standard Time the same day. A live audio webcast of Casa Systems' third quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4019 (domesti

ANDOVER, Mass., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, today announced that Scott Bruckner will be resigning as Chief Financial Officer ("CFO") of the Company, effective April 3, 2022, to attend to family issues. The Company also reaffirmed its full year guidance and announced the date of its fourth quarter earnings call. Mr. Bruckner's departure is not based on any disagreement with or irregularities in the Company's accounting principles, practices or financial statement disclosures. Casa Systems has already initiated a sear

Wireless Growth of 51% year-over-year $11 Million Impact from Supply Chain Constraints Revising Full-Year 2021 Guidance ANDOVER, Mass., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable and fixed networks, today announced its financial results for its third quarter ended September 30, 2021. Third Quarter 2021 Financial & Operational Highlights Revenue of $99.2 millionGross margin of 40.9%GAAP net loss of $(0.9) millionNon-GAAP net loss of $(4.1) millionGAAP net loss per fully diluted share of $(0.01)Non-GAAP net loss per fully diluted share of $(0.05)Adjusted

ANDOVER, Mass., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA) a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, today announced that it will release its third quarter 2021 results on Tuesday, November 2, 2021 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5 p.m. Eastern Daylight Time the same day. A live audio webcast of Casa Systems' third quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-

Double-digit Revenue Growth Driven by Strong Wireless Demand Wireless Backlog Growth of 63%, year-over-year EBITDA Growth of 25%, year-over-year Reaffirming 2021 Guidance ANDOVER, Mass., July 29, 2021 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable and fixed networks, today announced its financial results for its second quarter ended June 30, 2021. Second Quarter 2021 Financial & Operational Highlights Revenue of $92.7 millionGross margin of 49.1%GAAP net loss of $(3.2) millionNon-GAAP net income of $1.0 millionGAAP net loss per fully diluted share of $(0.04)Non-GAAP net

Double-digit Revenue Growth, year-over-year Record Wireless Revenue Growth, year-over-year Wireless Backlog Growth of 427%, year-over-year Reaffirm 2021 Guidance Reflecting Double-Digit Top-Line and EBITDA Growth ANDOVER, Mass., April 29, 2021 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of physical and cloud-native infrastructure technology solutions for mobile, cable and fixed networks, today announced its financial results for its first quarter ended March 31, 2021. First Quarter 2021 Financial & Operational Highlights Revenue of $104.3 millionGross margin of 53.7%GAAP net income of $5.7 millionNon-GAAP net income of $9.4 millionGAAP net income per full

Full Year Results Exceed Prior Revised Guidance RangeRecord Full Year and Q4 Revenue and Gross ProfitRecord FY and Q4 Wireless Revenue2021 Guidance Reflecting Double-Digit Top-Line and EBITDA Growth ANDOVER, Mass., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of physical and cloud-native infrastructure technology solutions for mobile, cable and fixed networks, today announced its financial results for its fourth quarter and year ended December 31, 2020. Fourth Quarter 2020 Financial & Operational Highlights Revenue of $120.5 millionGross margin of 51.6%GAAP net income of $23.2 millionNon-GAAP net income of $22.9 millionGAAP net income per