secwatch.observer — SEC 8-K summary
======================================

Issuer:     CALIX, INC (CALX)
CIK:        0001406666
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001406666-21-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calix Q3 revenue $172.2M record; non-GAAP EPS $0.35 beats guidance; Q4 rev outlook $170-176M
--------------------------------------------------------------------------------

- Revenue $172.2M, up 14% YoY; GAAP net income $177.4M includes $160.2M deferred tax asset valuation allowance reversal.
- Non-GAAP EPS $0.35 vs guidance $0.26-$0.30; non-GAAP gross margin 52.2% (record Q3).
- EXOS platform revenue up >190% YoY; AXOS up 29%; added 38 new BSP customers; cloud customers up 56%.
- Q4 guide: revenue $170-176M, non-GAAP gross margin 49-51%, non-GAAP EPS $0.20-$0.25; supply chain constraints noted.
- Free cash flow $7.5M (5th consecutive positive quarter); cash & investments $188.7M (record).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406666/000140666621000117/0001406666-21-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406666/000140666621000117/calx-20211025.htm
  HTML page:      https://secwatch.observer/filing/0001406666-21-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer