Calix Q4 non-GAAP EPS $0.43 beat; records $3.2M litigation charge, Q1 guide $225-231M

CALIX, INC

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

Record Q4 revenue $264.7M, non-GAAP gross margin 54.1% (record), non-GAAP EPS $0.43 vs guidance $0.33-$0.39.
GAAP net loss $6.6M ($0.10 loss) due to $28.7M legacy inventory writedown and $3.2M litigation settlement.
Repurchased $44M stock in Q4; Board authorized additional $100M for share repurchase program.
Q1 2024 guidance: revenue $225-231M, non-GAAP gross margin 54.5-55.5%, non-GAAP EPS $0.24-$0.30.
Expect 2024 appliance slowdown, platform/cloud/mgd services growth; strong growth from 2025 on government funds.

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 0.9

CALIX, INC reported financial results for the fourth quarter of 2023.

Period: the fourth quarter of 2023
Result: reported results

Exact text from the filing

Calix previously furnished its fourth quarter and annual results for 2023 on January 29, 2024 via its stockholder letter. The impact of recording the litigation settlement on its fourth quarter of 2023 results was to increase GAAP general and administrative operating expenses by $3.2 million, the GAAP net loss by $2.5 million and the GAAP net loss per common share by $0.04. The stockholder letter has been updated to reflect these changes.

View on SEC.gov

Browse all earnings releases →

CALIX, INC filing history →

Source: SEC EDGAR

accession 0001406666-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.