Casa Systems, Inc. (NASDAQ:CASA) Q3 2023 Earnings Call Transcript

Michael Glickman: I would just say [indiscernible] and I’ll let Ed comment as well. traditionally, as I look back on the trend of the business, we usually have a very strong Q4 and especially in the cable space, where we were able to traditionally bring in some additional business, both the hardware and software licenses with year-end spend, et cetera. But as you’ve heard from pretty much everybody selling into this industry, right, there’s just been a fairly significant pullback in spend. And certainly, the MSOs wanting to take advantage of utilizing any inventory that they had purchased and prepurchased during the pandemic. So that’s obviously having an effect on us as well as the rest of our peers. And as we said, that we expect that to go into Q4 as well.

Operator: There are no further questions at this time. I’d like to hand the floor back over to Michael Glickman for any closing comments.

Michael Glickman: Okay. Well, thank you again for joining us today. And we are continuing to make tremendous progress towards bringing our industry-leading products to market during this period of transition and transformation with our growing pipeline, continued expansion growth from current customers and our focus to further delevering our business. I’m confident that Casa is on the right path towards returning to EBITDA profitability. I would like to thank all the talented team members for their tireless work and dedication to the business and also thank our customers and our stakeholders for their continued steadfast support. We look forward to keeping you all updated on our progress during the fourth quarter call and our plans for 2024. Thank you.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.