Calix Inc ( (CALX) ) has released its Q4 earnings. Here is a breakdown of the information Calix Inc presented to its investors.
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Calix, Inc. is a company that provides cloud and managed services as well as an appliance-based platform to broadband experience providers, focusing on the broadband industry. The company aims to help its customers simplify operations, engage subscribers, and deliver innovative services.
Calix Inc. closed the fourth quarter of 2024 with a 2.6% revenue growth from the previous quarter and a 22% decline year-over-year. The firm continues to strengthen its financial position with a record gross margin, marking its seventh consecutive quarter of double-digit free cash flow. The company also expanded its customer base, with 18 new broadband service providers joining its platform.
Key financial highlights include a revenue of $206.1 million, a record non-GAAP gross margin of 55.5%, and an increase in remaining performance obligations by 34% year-over-year to $325.8 million. The company saw growth in platform, cloud, and managed service deployments, with 21 new platform and 32 new managed service deployments. However, the company reported a GAAP net loss of $17.9 million for the quarter.
Calix ended the year with strong cash and investments of $297.1 million and a solid balance sheet. The company continues to focus on expanding its footprint and supporting its broadband experience provider customers with subscriber growth and operating discipline.
Looking ahead, Calix expects continued growth in 2025 with revenue projections between $204 million and $210 million for the first quarter. The company aims to maintain strong operating discipline and anticipates that its platform, cloud, and managed services model will support its long-term financial performance.
