secwatch.observer — SEC 8-K summary
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Issuer:     CALIX, INC (CALX)
CIK:        0001406666
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001406666-24-000001
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406666/000140666624000001/0001406666-24-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406666/000140666624000001/calx-20240129.htm
  HTML page:      https://secwatch.observer/filing/0001406666-24-000001

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