Casa Systems Third Quarter 2023 Earnings: US$0.26 loss per share (vs US$0.33 loss in 3Q 2022)

Casa Systems (NASDAQ:CASA) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$62.1m (down 7.2% from 3Q 2022).
• Net loss: US$25.6m (loss narrowed by 18% from 3Q 2022).
• US$0.26 loss per share (improved from US$0.33 loss in 3Q 2022).

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

Casa Systems Earnings Insights

Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Communications industry in the US are expected to grow by 4.4%.

Performance of the American Communications industry.

The company's shares are down 16% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 6 warning signs for Casa Systems (of which 4 make us uncomfortable!) you should know about.

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