Casa Systems lowers FY outlook on continuing supply chain woes

Wednesday 3 November 2021 | 13:04 CET | News
Casa Systems has lowered its full-year outlook to reflect the continued uncertainty in its supply chain. The company said its third quarter results were impacted by the constraints, despite strong demand for its products, especially in wireless, which grew 51 percent from the year before. Revenues for the quarter slipped to USD 99.2 million from 105.7 million, with gains at wireless unable to offset losses at fixed telco and cable. Service revenue was relatively stable at USD 11.5 million from 12.0 million.

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Categories: Fixed
Companies: Casa Systems
Countries: World
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