Calix Ltd. (CXL) AI Stock Analysis

• Market Cap: AU$83.72M
• Dividend Yield: N/A
• Average Volume (3M): 239.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.14
• Revenue Growth: 16.47%
• EPS Growth: 29.53%
• Country: AU
• Employees: 155
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): -0.03
• Shares Outstanding: 214,675,340
• 10 Day Avg. Volume: 148,706
• 30 Day Avg. Volume: 239,809
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.80
• Price Target Upside: 361.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 42 Neutral
• Price Target: AU$0.50 ▲(28.21% Upside)

Calix Ltd. faces significant challenges with profitability and operational efficiency, reflected in its financial performance and valuation scores. The technical analysis indicates bearish momentum, further weighing on the stock's outlook. Improving profitability and operational cash flows are critical for enhancing financial health.

Calix Ltd. Business Overview & Revenue Model

Company Description

Calix Limited provides industrial solutions to address global sustainability challenges in Australia, Europe, the United States, and South East Asia. Its solutions include ACTI-Mag for biogas and wastewater; AQUA-Cal+, a water conditioner for shrimp farming and lake remediation; BOOSTER-Mag, an agricultural solution for increased yield, fertilizer usage, insect/pest management, and fungal control; and low emissions intensity lime and cement (LEILAC) for cement and lime companies to mitigate carbon dioxide emissions. The company also provides chemical dosing wastewater treatment for controlled delivery of chemicals into the process stream to adjust and maintain the pH, reduce hydrogen sulphide odours, prevent corrosion of sewer assets, and remove undesirable elements comprising phosphorous or fats oils, and grease. It serves agriculture, aquaculture, cement and lime, food and beverage, lake and pond remediation, marine coatings, winery, water utilities, and mining and mineral processing industries. The company was incorporated in 2005 and is headquartered in Sydney, Australia.

How the Company Makes Money

Calix Ltd. generates revenue through the commercialization of its proprietary technologies and products. The company earns money by licensing its patented processes to industrial partners and selling its specialized equipment and materials directly to customers. Key revenue streams include licensing fees, equipment sales, and service contracts for maintenance and technical support. Additionally, Calix collaborates with industry leaders and government entities on research and development projects, contributing to its earnings through funding and grants. Strategic partnerships and joint ventures play a significant role in expanding market reach and enhancing revenue potential.

Calix Ltd. Financial Statement Overview

Summary

Calix Ltd. shows revenue growth but struggles with profitability, reflected in negative margins and returns on equity. The balance sheet is stable with low leverage, but cash flow management needs improvement.

Income Statement

Calix Ltd. shows a positive revenue growth rate of 8.68% in the latest year, indicating some potential for expansion. However, the company struggles with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has decreased from the previous year, suggesting challenges in cost management or pricing strategy.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.03, indicating conservative leverage and financial stability. However, the return on equity is negative, reflecting ongoing losses and inefficient use of equity capital. The equity ratio is relatively healthy, suggesting a solid asset base supported by equity.

Cash Flow

Calix Ltd. has shown improvement in free cash flow growth, but the operating cash flow remains negative, highlighting operational challenges. The free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net losses, but overall cash flow management needs improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.17M	27.74M	24.19M	18.60M	18.47M	19.21M
Gross Profit	4.96M	10.22M	10.29M	-2.40M	1.01M	1.86M
EBITDA	-20.42M	-11.24M	-19.52M	-25.03M	-12.69M	-11.19M
Net Income	-19.17M	-19.17M	-25.26M	-23.19M	-16.34M	-9.11M
Balance Sheet
Total Assets	110.38M	110.38M	112.40M	127.51M	61.21M	51.62M
Cash, Cash Equivalents and Short-Term Investments	22.98M	22.98M	42.96M	74.47M	24.98M	15.13M
Total Debt	2.63M	2.63M	3.26M	1.32M	1.47M	1.29M
Total Liabilities	22.83M	22.83M	28.39M	22.55M	16.41M	13.48M
Stockholders Equity	88.29M	88.29M	83.79M	103.73M	43.49M	38.15M
Cash Flow
Free Cash Flow	-38.95M	-39.59M	-33.13M	-30.29M	-12.76M	-15.06M
Operating Cash Flow	-28.67M	-28.67M	-13.68M	-17.26M	-3.74M	-8.12M
Investing Cash Flow	-10.64M	-10.64M	-17.55M	-13.03M	13.83M	-6.94M
Financing Cash Flow	19.33M	19.33M	-280.00K	79.77M	-232.33K	19.11M

Calix Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CXL, the sentiment is Negative. The current price of 0.39 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.47, and below the 200-day MA of 0.47, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 42.41 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CXL.

Calix Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDV	69 Neutral	AU$61.78M	-70.65	―	―	-5.37%	-140.00%
CG1	50 Neutral	AU$39.35M	-5.19	―	―	7.08%	33.70%
CXL	42 Neutral	AU$83.72M	―	-22.28%	―	16.47%	29.53%
SPN	42 Neutral	AU$16.96M	-6.28	―	―	―	52.66%
AJX	39 Underperform	AU$11.26M	-2.63	―	―	-32.85%	28.30%
DTZ	28 Underperform	AU$56.47M	-6.21	―	―	340.27%	19.44%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Calix Ltd. Corporate Events

Calix Hosts Webinar on Zero Emissions Steel Technology

Calix Limited announced an investor presentation for its Zero Emissions Steel Technology (ZESTY) and Green Iron Demonstration Plant through a deep-dive webinar. The event aims to highlight Calix’s advancements in decarbonising the steel industry, featuring insights from company leaders and a special guest from The Superpower Institute. This initiative underscores Calix’s commitment to leveraging its technology for sustainable industrial processes, potentially enhancing its market position and contributing to global decarbonisation efforts.

The most recent analyst rating on (AU:CXL) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.

Calix Limited Announces Financial Results and ZESTY Webinar

Calix Limited announced it will release its full-year financial results for the period ending 30 June 2025 on 26 August 2025, followed by an investor webinar. Additionally, Calix is hosting a deep-dive webinar on its Zero Emissions Steel Technology (ZESTY) and Green Iron Demonstration Plant on 31 July 2025. These initiatives highlight Calix’s commitment to advancing its technology and engaging with stakeholders, potentially enhancing its industry positioning and impact on global decarbonisation efforts.

The most recent analyst rating on (AU:CXL) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.

Calix Ltd. Announces New Securities Quotation on ASX

Calix Ltd. has announced the issuance of 28,725 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code CXL. This move is part of the company’s strategy to enhance its capital structure and support its ongoing growth initiatives, potentially strengthening its market position and providing value to its stakeholders.

The most recent analyst rating on (AU:CXL) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.

Calix Ltd. Releases General Overview and Investment Disclaimers

Calix Ltd. has released a presentation providing a general overview of its operations and financial data as of June 2025. The document emphasizes that it is not a financial product advice or an offer to acquire securities, and highlights the risks associated with investing in Calix. The presentation includes disclaimers about forward-looking statements and the lack of guarantees regarding future performance, urging potential investors to seek personalized legal and financial advice.

The most recent analyst rating on (AU:CXL) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.

Calix Subsidiary Leilac Pauses U.S. Projects Amid Funding Uncertainty

Calix Limited announced that its subsidiary, Leilac, is scaling back its U.S. projects due to ongoing reviews of government spending by the Trump administration. The uncertainty surrounding U.S. Department of Energy funding has led Leilac to reduce resources and costs to maintain a cash-neutral position. Despite this, Calix and Leilac are prepared to expand their project capacity in the U.S. once funding is confirmed, while continuing to focus on opportunities in Europe and Asia Pacific.

The most recent analyst rating on (AU:CXL) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.

Calix Limited to Host Informative Webinar on Environmental Technology

Calix Limited announced an upcoming webinar hosted by Sharewise, where CEO Phil Hodgson will provide an overview of the company. This event aims to introduce Calix’s operations and technology to a broader audience, reflecting the company’s commitment to addressing global decarbonisation challenges and enhancing its industry positioning.

The most recent analyst rating on (AU:CXL) stock is a Hold with a A$0.80 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.