Casa Systems, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 66.9 million compared to USD 99.22 million a year ago. Net loss was USD 31.16 million compared to USD 0.876 million a year ago. Basic loss per share from continuing operations was USD 0.33 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.33 compared to USD 0.01 a year ago.
For the nine months, sales was USD 202.13 million compared to USD 296.23 million a year ago. Net loss was USD 80.45 million compared to net income of USD 1.68 million a year ago. Basic loss per share from continuing operations was USD 0.89 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.89 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.