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General

Casa Systems reiterates FY outlook amid strong profit gains in Q1

Friday 30 April 2021 | 14:33 CET | News
Casa Systems has reaffirmed its outlook for the full year after reporting a strong start to 2021. Revenues for the first quarter advanced to USD 104.3 million from 83.6 million the year before, with the adjusted EBITDA jumping to USD 20.2 million from 3.6 million, the operating result going to a profit of USD 12.5 million from a loss of 3.5 million and the profit more than doubling to 5.7 million from 1.2 million. Diluted earnings per share went higher to USD 0.06 from 0.01, while adjusted EPS reached USD 0.11 from a loss per share of 0.07. CEO Jerry Guo noted that the company's wireless and

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Categories: General
Companies: Casa Systems
Countries: World
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