Casa Systems saw a 4.1% spike in third-quarter revenue to $71.5 million and said tariffs placed by the Trump Administration on select Chinese electronics imports are not hurting its business.
“I'm pleased to say that these tariffs have not--and we expect will not--have a significant impact on our business in 2018,” said Shaun McCarthy, interim CFO for Casa, speaking during the company’s third-quarter earnings call last week. (A transcript was provided by Seeking Alpha.)
“We have completed our review of our supply chain and are not expecting a significant impact to our costs for 2019,” McCarthy added. “We have a flexible manufacturing and supply chain and plan to monitor developments in this area to minimize the tariff-related impact to our cost profile going forward.”
Andover, Mass.-based Casa makes cable modem termination systems and converged cable access platform equipment for the cable industry.
McCarthy’s comments came a week after Arris told the FCC that the tariffs could drive up the annual industry cost for broadband components by $200 million a year.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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