Casa Systems, Inc. (NASDAQ:CASA) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET

Company Representatives

Jerry Guo - Chief Executive Officer

Ed Durkin - Chief Financial Officer

Dennis Dailey - Director of Investor Relations

Conference Call Participants

Simon Leopold - Raymond James

Tim Savageaux - Northland Capital Markets

Operator

Hello! And welcome to Casa Systems Q4 2022 Earnings Conference Call and Webcast. [Operator Instructions]. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

It’s now my pleasure to turn the call over to Dennis Dailey, Director of Investor Relations. Please go ahead Dennis.

Dennis Dailey

Thank you, operator, and good afternoon everyone. Casa Systems released results for the fourth quarter of fiscal year 2022 ended December 31, 2022 this afternoon after the market closed. If you did not receive a copy of our earnings press release, you may obtain it from the Investor Relations section of our website at investors.casa-systems.com.

With me on today’s call are Jerry Guo, our Chief Executive Officer; and Ed Durkin, our Chief Financial Officer. This call is being webcast and will be archived on the Investor Relations section of our website.

Before I turn the call over to Jerry, I’d like to note that today’s discussion will contain forward-looking statements based on the business environment as we currently see it, and as such, it does include certain risks and uncertainties. Please refer to our press release and our SEC filings for more information on the specific risk factors that could cause our actual results to differ materially from the projections described in today’s discussion.

Any forward-looking statements that we make on this call or in the earnings release are based upon information we believe as of today and undertake no obligation to update these statements as a result of new information or future events.

In addition to U.S. GAAP reporting, we report certain financial measures that do not conform to generally accepted accounting principles. During the call we may use non-GAAP measures if we believe it is useful to investors or believe it will be helpful to investors to better understand our performance or business trends.

And with that, I’d like to turn the call over to Jerry. Jerry.

Jerry Guo

Thank you, Dennis, and good afternoon everyone. Thank you for joining us today on our call. As Dennis mentioned, we issued a press release announcing our fourth quarter and year-end 2022 financial results, which Ed will cover in more detail later. It was a good quarter for Casa with substantial sequential growth and a return to a GAAP net income and a positive net adjusted EBITDA results as Ed will cover in more detail, and I am very pleased with these results and our renewed momentum.