Calix reports Q3 rev $200.9M, down 24% YoY; GAAP EPS $(0.06), non-GAAP $0.13

CALIX, INC

2024-Q3 EPS reported -$0.18 revenue$625,394,000

Revenue $200.9M, up 1.4% sequentially but down 24% YoY; GAAP net loss $4.0M vs income $17.0M a year ago.
Non-GAAP EPS $0.13 beats guidance range $0.05-$0.11; non-GAAP gross margin record 55.4%, up 160bps YoY.
RPOs $295.7M, up 11% QoQ and 35% YoY; largest platform/cloud/managed services contract ever signed.
Q4 guidance: revenue $201M-$207M, non-GAAP EPS $0.04-$0.10, gross margin 54.5%-56.5%.
Cash and investments record $287.6M; non-GAAP free cash flow $12.8M.

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