Casa Systems Full Year 2022 Earnings: EPS Beats Expectations

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).

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.