ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Casa Systems Inc. (CASA) on Tuesday reported a loss of $25.6 million in its third quarter.
The Andover, Massachusetts-based company said it had a loss of 26 cents per share. Losses, adjusted for one-time gains and costs, were 20 cents per share.
The provider of digital cable video and broadband services posted revenue of $62.1 million in the period.
Casa Systems expects full-year revenue in the range of $205 million to $225 million.
In the final minutes of trading on Tuesday, the company's shares hit 55 cents. A year ago, they were trading at $2.67.
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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