Casa Systems, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 58 million compared to USD 70.84 million a year ago. Net loss was USD 51.14 million compared to USD 16.7 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to USD 0.18 a year ago.
For the six months, revenue was USD 103.3 million compared to USD 135.24 million a year ago. Net loss was USD 82.79 million compared to USD 49.28 million a year ago. Basic loss per share from continuing operations was USD 0.86 compared to USD 0.56 a year ago. Diluted loss per share from continuing operations was USD 0.86 compared to USD 0.56 a year ago.