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Private company

Casa Systems Inc

American radio and tv broadcasting and communications equipment company2

In its 2023 annual report the company says: “We offer scalable solutions that can meet the evolving bandwidth needs of our customers and their subscribers. Our solutions are commercially deployed in over 70 countries by more than 475 customers, including regional service providers as well as some of the world’s largest Tier 1 CSPs, serving millions of subscribers.”52 It is headquartered in Wilmington, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryRadio & Tv Broadcasting & Communications Equipment2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address100 Old River Road, Suite 100, Andover, Ma 018103
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300PNQ0GUDHNZLG662
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 36307172

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

36.2%Gross margin4
-23.9%Operating margin4
-27.6%Net margin4
-28.6%Revenue growth, 20224
-160.3%Return on equity4
-$12.3MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue49¢$182.9M
  • Research and development23¢$85.2M
  • Selling, general and admin23¢$86.9M
  • Interest5¢$17.6M
  • Income tax0¢$615.0K

Out of $286.5M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$286.5M in 2022−9% since 2016
0$200.0M$400.0M$600.0M2016: $316.1M$316.1M20162017: $351.6M$351.6M2017+11%2018: $297.1M$297.1M2018−15%2019: $282.3M$282.3M2019−5%2020: $393.2M$393.2M2020+39%2021: $401.3M$401.3M2021+2%2022: $286.5M$286.5M2022−29%
Gross profit56784$103.7M in 2022−53% since 2016
0$100.0M$200.0M$300.0M2016: $218.3M$218.3M20162017: $258.1M$258.1M2017+18%2018: $218.0M$218.0M2018−16%2019: $162.5M$162.5M2019−25%2020: $200.6M$200.6M2020+23%2021: $188.2M$188.2M2021−6%2022: $103.7M$103.7M2022−45%
Operating income56784-$68.5M in 2022
-$100.0M0$100.0M$200.0M2016: $114.8M$114.8M20162017: $136.2M$136.2M2017+19%2018: $79.0M$79.0M2018−42%2019: -$9.1M-$9.1M20192020: $24.2M$24.2M20202021: $18.3M$18.3M2021−25%2022: -$68.5M-$68.5M2022
Net income56784-$79.2M in 2022
-$100.0M-$50.0M0$50.0M$100.0M2016: $88.7M$88.7M20162017: $88.5M$88.5M2017−0%2018: $73.0M$73.0M2018−18%2019: -$48.2M-$48.2M20192020: $24.8M$24.8M20202021: $3.2M$3.2M2021−87%2022: -$79.2M-$79.2M2022
Fiscal year2016201720182019202020212022
Revenue$316.1M5$351.6M6$297.1M7$282.3M8$393.2M4$401.3M4$286.5M4
Cost of revenue$97.8M5$93.5M6$79.2M7$119.8M8$192.6M4$213.1M4$182.9M4
Gross profit$218.3M5$258.1M6$218.0M7$162.5M8$200.6M4$188.2M4$103.7M4
Research and development$49.2M5$60.7M6$71.0M7$83.3M8$84.4M4$84.4M4$85.2M4
Selling, general and admin$61.2M6$68.0M7$88.3M8$92.0M4$85.6M4$86.9M4
Operating expenses$169.9M4$172.1M4
Operating income$114.8M5$136.2M6$79.0M7-$9.1M8$24.2M4$18.3M4-$68.5M4
Interest$902.0K5$17.5M6$19.8M7$20.5M8$16.9M4$15.0M4$17.6M4
Income before tax$3.5M4-$78.6M4
Income tax$27.0M5$34.3M6-$7.1M7$23.8M8-$15.1M4$287.0K4$615.0K4
Net income$88.7M5$88.5M6$73.0M7-$48.2M8$24.8M4$3.2M4-$79.2M4
Earnings per share-$1.075$0.346$0.877-$0.578$0.304$0.044-$0.864
Earnings per share (diluted)-$1.075$0.266$0.797-$0.578$0.294$0.044-$0.864
Shares (weighted, basic)85.3M shares491.6M shares4
Shares (weighted, diluted)88.9M shares491.6M shares4

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Corporate structure

Casa Systems Inc sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Casa Systems Inc

  • AllianceBernstein Filed SC 13G/A on Casa Systems Inc, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Verizon Filed SC 13G on Casa Systems Inc, latest Apr 22, 2022
  • Casa Systems Inc Wilmington, Delaware, United States
    • CASA COMMUNICATIONS LIMITED Subsidiary · Limerick, Ireland

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Casa Systems Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$84.6M4 Dec 31, 2022$89.0M4 Dec 31, 2021−4.9%
Accumulated depreciation$65.1M4 Dec 31, 2022$65.5M4 Dec 31, 2021−0.6%
Property and equipment, net$19.5M4 Dec 31, 2022$23.5M4 Dec 31, 2021−17.0%
Operating-lease assets (leased space)$5.2M4 Dec 31, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$126.3M4 Dec 31, 2022$154.7M4 Dec 31, 2021−18.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$50.2M4 Dec 31, 2022$50.2M4 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$25.8M4 Dec 31, 2022$31.1M4 Dec 31, 2021−17.3%
Finite-lived intangibles, net$25.8M4 Dec 31, 2022$31.1M8 Dec 31, 2021−17.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$81.8M4 Dec 31, 2022$84.8M4 Dec 31, 2021−3.6%
Raw materials$47.6M4 Dec 31, 2022$53.9M4 Dec 31, 2021−11.8%

Leadership

Who has led Casa Systems Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jerry Guo2017–2023
  2. Edward Durkin2023
  3. Michael Glickman2023

President

  1. Jerry Guo2017–2023
  2. Michael Glickman2023

Chief financial officer

  1. Shaun N. McCarthy2018
  2. Maurizio Nicolelli2019–2020
  3. Scott Bruckner2020–2022
  4. Edward Durkin2022–2024
20202025
Board members and other officers (16)

Timeline

  1. Jun 10, 20248-K Ended a material agreement; Bankruptcy or receivership; Completed an acquisition or sale32
  2. May 3, 20248-K Entered a material agreement; Completed an acquisition or sale33
  3. Apr 3, 20248-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated34
  4. Apr 2, 20248-K Listing notice or transfer35
  5. Mar 28, 20248-K Executive or director change36
  6. Jan 2, 20248-K Entered a material agreement; Executive or director change37
  7. Nov 21, 20238-K Executive or director change; Regulation FD disclosure38
  8. Nov 7, 20238-K Results of operations39
  9. Sep 29, 20238-K Listing notice or transfer40
  10. Aug 10, 20238-K Executive or director change41
  11. Aug 8, 20238-K Results of operations42
  12. Aug 1, 2023New chief executive Michael Glickman becomes CEO13
  13. Aug 1, 20238-K Executive or director change43
  14. May 16, 2023New chief executive Edward Durkin becomes CEO12
  15. Dec 14, 2017New chief executive Jerry Guo becomes CEO14

Calendar

When it reported results

  1. Nov 7, 2023Reported quarterly or annual results39
  2. Aug 8, 2023Reported quarterly or annual results42
  3. May 9, 2023Reported quarterly or annual results44
  4. Mar 14, 2023Reported quarterly or annual results45
  5. Jan 31, 2023Reported quarterly or annual results46
  6. Nov 3, 2022Reported quarterly or annual results47
  7. Aug 4, 2022Reported quarterly or annual results48
  8. May 4, 2022Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

145 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 31 major events, 63 insider forms, 3 large holders, 39 other. The latest 20:

  1. Jun 10, 2024EFFECT EDGAR
  2. Jun 10, 2024EFFECT EDGAR
  3. Jun 10, 2024EFFECT EDGAR
  4. Jun 10, 2024EFFECT EDGAR
  5. Jun 10, 202415-12G EDGAR
  6. Jun 10, 2024POS AM EDGAR
  7. Jun 10, 2024POS AM EDGAR
  8. Jun 10, 2024POS AM EDGAR
  9. Jun 10, 2024POS AM EDGAR
  10. Jun 10, 2024S-8 POS EDGAR
  11. Jun 10, 2024S-8 POS EDGAR
  12. Jun 10, 20248-K EDGAR
  13. May 3, 20248-K EDGAR
  14. Apr 25, 202425-NSE EDGAR
  15. Apr 3, 20248-K EDGAR
  16. Apr 2, 20248-K EDGAR
  17. Mar 28, 20248-K EDGAR
  18. Jan 5, 20243 EDGAR
  19. Jan 2, 20248-K EDGAR
  20. Jan 2, 20244 EDGAR

The 145 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 26, 2022STYSLINGER WILLIAM C IIIDirectorBuy1,000$4.05$4.0KForm 4
May 25, 2022STYSLINGER WILLIAM C IIIDirectorBuy83,923$4.01$336.5KForm 4
May 19, 2022STYSLINGER WILLIAM C IIIDirectorBuy44,000$4.38$192.7KForm 4
May 13, 2022STYSLINGER WILLIAM C IIIDirectorBuy11,800$3.99$47.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Casa Systems Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCasa Systems Inc1
  • CIK0001333835
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address100 Old River Road, Suite 100, Andover, MA 018101
  • Phone978-688-67061
  • Shares outstanding99,108,998 as of Nov 2, 202311
  • Public float$159.5M as of Jun 30, 20224
  • On EDGAR sinceJul 7, 20091
  • Filings401 in all: 4 (200), 8-K (62), 3 (24), 10-Q (18), EFFECT (9), CORRESP (8), UPLOAD (8), 10-K (6)1
    All 32 form types

    DEF 14A (6), 4/A (5), D (5), S-8 (5), DRS/A (4), POS AM (4), SC 13G (4), SD (4), CT ORDER (3), DEFA14A (3), S-3 (3), 424B4 (2), 8-K/A (2), DRS (2), S-1 (2), S-1/A (2), S-8 POS (2), SC 13G/A (2), 15-12G (1), 25-NSE (1), 8-A12B (1), ARS (1), CERT (1), FWP (1)

  • Latest filingsAnnual report (10-K) Mar 15, 2023
    Quarterly report (10-Q) Nov 8, 2023
    Proxy statement (DEF 14A) Apr 6, 2023
    Latest 8-K (8-K) Jun 10, 2024

Sources

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