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General

Casa Systems revenues plummet 60% to USD 35.5 mln in Q1

Thursday 2 May 2019 | 09:42 CET | News
Casa Systems reported revenues of USD 35.5 million in the first quarter of 2019, down around 60 compared to the USD 89.1 million it posted a year earlier. The company's gross margin was flat at 69.0 percent and it came out with a net loss of USD 11.6 million, or USD 0.14 per share, compared to income of USD 17.8 million, or USD 0.23 per share, a year earlier. The adjusted EBITDA loss was USD 7.7 million for the quarter compared to a positive USD 27.2 million in Q1 2018.

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Categories: General
Companies: Casa Systems / NetComm
Countries: World
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