Brief: Casa Systems Announces CEO Transition And Reports Q4 And Full Year 2022 Financial Results

Casa Systems

14/03/2023 22:53

March 14 (Reuters) - Casa Systems Inc  CASA.O :
    * CASA SYSTEMS ANNOUNCES CEO TRANSITION AND REPORTS FOURTH
QUARTER
AND FULL YEAR 2022 FINANCIAL RESULTS
    * CASA SYSTEMS INC: JERRY GUO TO RETIRE AS PRESIDENT AND CEO
    * CASA SYSTEMS INC: BRUCE EVANS APPOINTED NEW CHAIRMAN OF
EXPANDED
BOARD OF DIRECTORS
    * CASA SYSTEMS INC: EDWARD DURKIN, COMPANY'S CFO, WILL SERVE
AS
INTERIM CEO UNTIL COMPANY'S NEW CEO IS HIRED
    * CASA SYSTEMS INC: QTRLY REVENUE OF $84.4 MILLION, GAAP NET
INCOME PER FULLY DILUTED SHARE OF $0.01
    * CASA SYSTEMS INC: QTRLY NON-GAAP NET INCOME PER FULLY
DILUTED
SHARE OF $0.05
    * CASA SYSTEMS INC: FOR FISCAL YEAR 2023, CURRENTLY EXPECTS
REVENUE BETWEEN $300 MILLION AND $325 MILLION AND POSITIVE NET
ADJUSTED EBITDA FOR YEAR
    * CASA SYSTEMS INC: COMPANY HAS NO CASH EXPOSURE TO RECENT
SILICON
VALLEY BANK FAILURE
    * CASA SYSTEMS INC: COMPANY HAD NO CASH DEPOSITS WITH SVB
    * CASA SYSTEMS INC: COMPANY USES BANK OF AMERICA FOR VAST
MAJORITY
OF ITS BANKING REQUIREMENTS, INCLUDING CASH MANAGEMENT
    * CASA SYSTEMS INC: RECENTLY NOTIFIED BY A MAJOR NORTH
AMERICAN
CABLE CUSTOMER THAT COMPANY WILL NOT CURRENTLY BE RECEIVING
ORDERS FROM THEM

Source text for Eikon:  ID:nGNX2PnNFy 
Further company coverage:  CASA.O 

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