Calix Q4 record rev $264.7M, non-GAAP EPS $0.43 beats; legacy charge $28.7M

CALIX, INC

2023-FY EPS reported $0.42 revenue$1,039,593,000

Revenue $264.7M (record, +8% YoY); non-GAAP gross margin 54.1% (record, +250 bps YoY); non-GAAP EPS $0.43 beat guidance $0.33-$0.39.
GAAP net loss per share $(0.06) due to $28.7M one-time charge for legacy product wind-down inventory/component liabilities.
Board authorized additional $100M share repurchase; $86.4M utilized of original $100M; repurchased $44M in Q4.
Expects appliance shipments to slow in 2024 as customers await BEAD funds; platform/cloud/managed services to continue growing.
RPO $242.5M (+10% QoQ, +22% YoY); current RPO $94.7M (+11% QoQ, +38% YoY); added 56 new BSPs in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CALIX, INC reported fourth quarter ended December 31, 2023 results: revenue $264.7 million.

Period: fourth quarter ended December 31, 2023
Revenue: $264.7 million
Result: reported results

Exact text from the filing

In the fourth quarter of 2023, the Calix team delivered record revenue of $264.7 million and non-GAAP gross margin of 54.1% (GAAP gross margin of 42.8%).

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Source: SEC EDGAR

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