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Casa Systems raises FY outlook after higher results in Q3

Friday 30 October 2020 | 09:07 CET | News
Casa Systems saw its revenue for the third quarter grow to USD 105.7 million from USD 81.8 million a year ago. The gross margin was 49.7 percent, driven by strong demand for hardware, giving a year-to-date gross margin of 50.7 percent. The company switched to net income of USD 3.5 million or USD 0.04 per share from a net loss of USD 8.5 million or USD 0.10 per share a year ago. Adjusted EBITDA rose to USD 17.0 million from USD 4 million. 

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Categories: Fixed
Companies: Casa Systems
Countries: World
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