UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34674 Calix, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 68-0438710 (State or Other Jurisdiction of Incorpora ...

I wrote about Calix Inc. (NYSE: CALX ) previously with a buy rating , as I like the strong value proposition that CALX offers to its customers, which enables them to compete against incumbents. I reiterate my buyI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [histo ...

Calix (CALX) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this cloud, software platforms, systems and services provider for communications service providers would post earnings of $0.10 per share when it actually produced earnings of $0.13, delivering a surprise of 30%.Over the last four quarters, the company has su ...

Last quarter, we highlighted that a broadband service provider must choose between remaining a network operator and facing commoditization or becoming a broadband experience provider. In the fourth quarter of 2024, 18 new broadband service providers started their subscriber experience journey with Calix, which expands our footprint for predictable, profitable growth for years to come. We also added 21 new platform, 15 new cloud and 32 new managed service deployments as BEPs expanded with Calix's offerings. ...

Company Overview - Calix, Inc. (CALX) is currently ranked 3 (Buy) in the Internet - Software industry, which is in the top 11% of the Zacks Industry Rank [3] - Over the last 60 days, one analyst has increased earnings estimates for the current quarter, while three have decreased their estimates, resulting in a consensus estimate drop from 9 cents to 8 cents per share [3] Options Market Activity - Recent activity in the options market indicates that investors are anticipating significant movement in Calix shares, particularly with the January 17, 2025 $25.00 Call option showing some of the highest implied volatility among equity options [4] - High implied volatility often suggests that traders expect a major price movement, which could be due to an upcoming event that may lead to a rally or sell-off [1][4] Analyst Sentiment - The current sentiment among analysts regarding Calix suggests that the high implied volatility could indicate a developing trading opportunity, as seasoned traders often seek options with high implied volatility to sell premium [5]

Integration with Calix and Sonar Software streamlines operations and enables context-rich engagement for subscribersALPHARETTA, Ga., Dec. 17, 2024 /PRNewswire/ -- GOCare, a leading SaaS provider of digital experience software, announced today that 360 Broadband is upleveling its CX management with GOCare's solution. 360 Broadband is focused on delivering an exceptional customer experience over an advanced network to its growing subscriber base in Oklahoma and Texas. The GOCare solution was selected by 360 B ...

Calix, Inc. (NYSE:CALX) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Nancy Fazioli - VP of IR Michael Weening - President and CEO Cory Sindelar - CFO Conference Call Participants Scott Searle - ROTH Capital Partners Joseph Cardoso - JPMorgan Michael Genovese - Rosenblatt Christian Schwab - Craig Hallum Tim Savageaux - Northland Capital Markets Ryan Koontz - Needham & Company Operator Greetings, and welcome to the Calix Third Quarter 2024 Earnings Conference Call. At this ...

Calix, Inc. (NYSE:CALX) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Nancy Fazioli - VP of IR Michael Weening - President and CEO Cory Sindelar - CFO Conference Call Participants Scott Searle - ROTH Capital Partners Joseph Cardoso - JPMorgan Michael Genovese - Rosenblatt Christian Schwab - Craig Hallum Tim Savageaux - Northland Capital Markets Ryan Koontz - Needham & Company Operator Greetings, and welcome to the Calix Third Quarter 2024 Earnings Conference Call. At this ...

Calix (CALX) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 30%. A quarter ago, it was expected that this cloud, software platforms, systems and services provider for communications service providers would post earnings of $0.07 per share when it actually produced earnings of $0.09, ...

Revenue Performance - Revenue for Q3 2024 was $200.9 million, reflecting a 1.4% increase from the prior quarter but a 24% decrease year-over-year[11] - In Q3 2024, revenue was reported at $200.9 million, a decrease from $263.8 million in Q3 2023[41] - Revenue from small customers represented 83% of total revenue in Q3 2024, up from 82% in the prior quarter[20] - Revenue guidance for Q4 2024 is projected between $201 million and $207 million, indicating a sequential increase of 1.5% from the previous quarter[29] Profitability Metrics - Gross margin for Q3 2024 was a record 54.8%, up 50 basis points sequentially and 150 basis points year-over-year; non-GAAP gross margin was 55.4%[22] - GAAP gross margin improved to 54.8% for the three months ended September 28, 2024, up from 53.3% in the same period last year[46] - Non-GAAP net income for Q3 2024 was $8.9 million, an increase of $2.8 million from the prior quarter but a decrease of $22.1 million year-over-year[24] - Non-GAAP net income for the three months ended September 28, 2024, was $8,907 thousand, compared to $30,996 thousand for the same period in 2023[48] - Net loss for Q3 2024 was $(3.97) million, contrasting with a net income of $16.95 million in Q3 2023[41] Operating Expenses - Operating expenses for Q3 2024 were $120.9 million, representing 60.2% of revenue, with a sequential increase of $2.0 million[22] - Non-GAAP operating expenses for Q4 2024 are expected to be around $110 million, an increase of $4.7 million primarily due to the annual ConneXions conference[30] - Operating loss for Q3 2024 was $(10.9) million, compared to an operating income of $15.9 million in Q3 2023[41] - Operating expenses for the same period are estimated to be between $124,000 and $126,000 on a GAAP basis, while non-GAAP operating expenses are projected to be between $109,000 and $111,000[52] Customer Acquisition - The company added 13 new customers in Q3 2024, all of whom were existing service providers not previously engaged with the company[4] - The company is focused on expanding its BEP customer base and enhancing its platform, cloud, and managed services offerings[33] - The ongoing transformation in the broadband industry is expected to drive further growth and customer acquisition for the company[31] Cash and Investments - Cash and investments at the end of Q3 2024 totaled $287.6 million, a sequential increase of $26.4 million[27] - Cash and cash equivalents at the end of the period were $62,361 thousand, down from $135,675 thousand at the end of the previous year[44] - The company reported net cash provided by operating activities of $53,037 thousand for the nine months ended September 28, 2024, an increase from $41,327 thousand in the prior year[44] Future Outlook - The company expects to begin receiving orders from the Broadband Equity Access and Deployment (BEAD) program in Q1 2025, with shipments starting later in 2025[5] - Non-GAAP gross margin guidance for Q4 2024 is set at 55.5%, reflecting a 10-basis point improvement compared to the prior quarter[30] - The company anticipates a non-GAAP effective tax rate between 21% and 23% for Q4 2024[31] - For the three months ending December 31, 2024, GAAP gross margin is projected to be between 54.2% and 56.2%, with non-GAAP gross margin expected between 54.5% and 56.5%[52] - The net income (loss) per diluted common share for the upcoming quarter is expected to range from $(0.14) to $(0.08) on a GAAP basis, and from $0.04 to $0.10 on a non-GAAP basis[52] Balance Sheet Highlights - As of September 28, 2024, Calix, Inc. reported total current assets of $585,018 thousand, a decrease of 2.3% from $597,956 thousand on December 31, 2023[43] - Total liabilities decreased to $158,837 thousand as of September 28, 2024, down from $222,883 thousand on December 31, 2023, reflecting a significant reduction of 28.8%[43] - The company’s total stockholders' equity increased to $778,688 thousand as of September 28, 2024, compared to $718,982 thousand on December 31, 2023, marking an 8.3% increase[43] Shareholder Information - GAAP net loss per diluted common share for the three months ended September 28, 2024, was $(0.06) while non-GAAP net income per diluted common share was $0.13[50] - The weighted-average diluted common shares outstanding for the three months ended September 28, 2024, were 68.8 million[50] - The weighted-average diluted common shares outstanding for the three months ending December 31, 2024, are expected to be 69.2 million[52]