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Casa Systems (Casa Systems) Net Income : $-107.2 Mil (TTM As of Sep. 2023)


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What is Casa Systems Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Casa Systems's Net Income for the three months ended in Sep. 2023 was $-25.6 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-107.2 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Casa Systems's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-0.26.


Casa Systems Net Income Historical Data

The historical data trend for Casa Systems's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Casa Systems Net Income Chart

Casa Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income
Get a 7-Day Free Trial Premium Member Only 73.01 -48.21 24.80 3.21 -79.21

Casa Systems Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31.16 1.24 -31.66 -51.14 -25.62

Casa Systems Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Casa Systems's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-78.59+-0.615+0+0
=-79.2

Casa Systems's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-24.822+-0.796+0+0
=-25.6

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-107.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Casa Systems  (OTCPK:CASSQ) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Casa Systems's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Casa Systems Net Income Related Terms

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Casa Systems (Casa Systems) Business Description

Traded in Other Exchanges
Address
100 Old River Road, Andover, MA, USA, 01810
Casa Systems Inc is engaged in providing a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds. In addition, the company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. The company focuses on creating a software-centric, multi-service portfolio that enables a broad range of core and access network functions for fixed and wireless networks. The company's product line includes cable networks, IP networks, mobile networks, optical networks, professional and managed services and others. Substantial revenue is generated from North American operations.
Executives
Philip Jr. Paro officer: Chief Accounting Officer 100 OLD RIVER ROAD, C/O CASA SYSTEMS, INC., ANDOVER MA 01810
Michael Glickman director, officer: President and CEO 100 OLD RIVER ROAD, ANDOVER MA 01810
Styslinger William C Iii director 124 ACTON STREET, MAYNARD MA 01754
Edward Durkin officer: Chief Financial Officer C/O CASA SYSTEMS, INC., 100 OLD RIVER ROAD, ANDOVER MA 01810
Weidong Chen officer: Chief Technology Officer 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Michael T Hayashi director MINDSPEED TECHNOLOGIES, INC., 4000 MACARTHUR BLVD., EAST TOWER, NEWPORT BEACH CA 92660
Lucy Xie director, officer: SVP of Operations 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Daniel S. Mead director 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Matthew Slepian officer: Corporate Controller CASA SYSTEMS, INC., 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Jerry Guo director, 10 percent owner, officer: President & CEO 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Scott Bruckner officer: Interim CFO CASA SYSTEMS, INC., 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Susana D'emic director C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281
Maurizio Nicolelli officer: Chief Financial Officer C/O CASA SYSTEMS, 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Shaun N. Mccarthy officer: Interim CFO 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Bruce R Evans director C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116

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