Stock Analysis

Casa Systems Full Year 2022 Earnings: EPS Beats Expectations

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Casa Systems (NASDAQ:CASA) Full Year 2022 Results

Key Financial Results

  • Revenue: US$286.5m (down 29% from FY 2021).
  • Net loss: US$79.2m (down from US$3.21m profit in FY 2021).
  • US$0.86 loss per share (down from US$0.038 profit in FY 2021).
NasdaqGS:CASA Earnings and Revenue Growth March 16th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Casa Systems EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are down 52% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Casa Systems (1 is potentially serious!) that you should be aware of before investing here.

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About NasdaqGS:CASA

Casa Systems

Casa Systems, Inc., a communications technology company, provides solutions for next-generation physical, virtualized, and cloud native architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa.

Fair value with imperfect balance sheet.