secwatch.observer — SEC 8-K summary
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Issuer:     CALIX, INC (CALX)
CIK:        0001406666
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001406666-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calix Q1 2024 revenue $226.3M (-9% YoY); GAAP EPS $0.00, non-GAAP $0.21; Q2 guide weak
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- GAAP revenue $226.3M, down 9% YoY; GAAP net income $0.1M ($0.00 EPS); non-GAAP EPS $0.21.
- Record GAAP gross margin 54.2% (up 300 bps YoY); non-GAAP gross margin 54.9%.
- Q2 2024 guidance: revenue $197-203M, non-GAAP EPS $0.03-0.09 (below Q1).
- RPOs $245.2M, up 19% YoY; cash & investments $239.5M, up $19.1M QoQ.
- Management cites customer indecision on BEAD funding and shorter lead times as crosswinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406666/000140666624000016/0001406666-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406666/000140666624000016/calx-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001406666-24-000016

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