ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Casa Systems Inc. (CASA) on Tuesday reported fourth-quarter net income of $1.2 million.
On a per-share basis, the Andover, Massachusetts-based company said it had net income of 1 cent. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.
The provider of digital cable video and broadband services posted revenue of $84.4 million in the period.
For the year, the company reported a loss of $79.2 million, or 86 cents per share, swinging to a loss in the period. Revenue was reported as $286.5 million.
Casa Systems expects full-year revenue in the range of $300 million to $325 million.
In the final minutes of trading on Tuesday, the company’s shares hit $3.49. A year ago, they were trading at $4.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CASA at https://www.zacks.com/ap/CASA
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