secwatch.observer — SEC 8-K summary
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Issuer:     CALIX, INC (CALX)
CIK:        0001406666
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001406666-23-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calix Q1 revenue $250M record, non-GAAP EPS $0.31 beats guidance; Q2 guides $255-261M
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- Q1 revenue $250.0M (+35% YoY, above guidance $242-248M); non-GAAP EPS $0.31 (guidance $0.24-0.30).
- GAAP gross margin 51.2%; non-GAAP 51.8% (+170 bps YoY); Q2 non-GAAP GM guided 51.0%-53.0%.
- Q2 guidance: revenue $255-261M, non-GAAP EPS $0.28-$0.34; expects annual GM expansion of 100-200 bps.
- Cash and investments $257.1M, no debt; RPOs $206.2M (+49% YoY); positive free cash flow $3.5M.
- Appointed John Durocher as EVP and Chief Customer Officer; added 11 new BSP customers in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406666/000140666623000028/0001406666-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406666/000140666623000028/calx-20230419.htm
  HTML page:      https://secwatch.observer/filing/0001406666-23-000028

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