CALIX Files 8-K on Results of Operations and Financial Condition

TL;DR

**Calix just dropped an 8-K with fresh financial results, so check their numbers!**

AI Summary

Calix, Inc. filed an 8-K on January 29, 2024, to report its results of operations and financial condition, along with financial statements and exhibits. This filing, under Items 2.02 and 9.01, indicates that the company is providing updated financial information. For investors, this matters because it offers a timely look into Calix's financial health and performance, which can influence stock valuation and future investment decisions.

Why It Matters

This filing provides investors with crucial, up-to-date financial information about Calix, Inc., enabling them to assess the company's performance and make informed investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently signal high risk.

Analyst Insight

A smart investor would review the full financial statements and exhibits referenced in this 8-K to understand the specifics of Calix's recent performance and financial health before making any investment decisions.

Key Players & Entities

• CALIX, INC. (company) — the registrant filing the 8-K
• January 29, 2024 (date) — date of earliest event reported
• 001-34674 (string) — Commission File No.
• 68-0438710 (string) — I.R.S. Employer Identification No.
• 2777 Orchard Parkway, San Jose, California 95134 (string) — Address of principal executive offices
• 408-514-3000 (string) — Registrant’s telephone number
• Common Stock, par value $0.025 per share (string) — Title of Each Class of Securities
• CALX (string) — Trading Symbol
• New York Stock Exchange (string) — Name of Each Exchange on Which Registered

FAQ

Key Financial Figures

• $0.025 — ich Registered Common Stock, par value $0.025 per share CALX New York Stock Exchange

Filing Documents

• calx-20240129.htm (8-K) — 43KB
• ex991pressrelease23q4.htm (EX-99.1) — 6KB
• ex992stockholderletter23q4.htm (EX-99.2) — 324KB
• a10cfa.jpg (GRAPHIC) — 43KB
• a1reva.jpg (GRAPHIC) — 41KB
• a2revcusta.jpg (GRAPHIC) — 57KB
• a3plata.jpg (GRAPHIC) — 68KB
• a4rpoa.jpg (GRAPHIC) — 42KB
• a5gma.jpg (GRAPHIC) — 50KB
• a6opexa.jpg (GRAPHIC) — 28KB
• a8nia.jpg (GRAPHIC) — 46KB
• a9casha.jpg (GRAPHIC) — 40KB
• calixlogo.jpg (GRAPHIC) — 4KB
• calixlogoa.jpg (GRAPHIC) — 4KB
• sindelarsignaturea10a.jpg (GRAPHIC) — 12KB
• weeningsiga.jpg (GRAPHIC) — 4KB
• 0001406666-24-000001.txt ( ) — 1136KB
• calx-20240129.xsd (EX-101.SCH) — 2KB
• calx-20240129_lab.xml (EX-101.LAB) — 23KB
• calx-20240129_pre.xml (EX-101.PRE) — 12KB
• calx-20240129_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 29, 2024, Calix, Inc. (the "Company") issued a press release announcing it has publicly disseminated a stockholder letter with its financial results for the fourth quarter ended December 31, 2023. The press release is attached hereto as Exhibit 99.1. The stockholder letter, a copy of which is attached hereto as Exhibit 99.2 and incorporated herein by reference, includes reference to the non-GAAP measures of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP sales and marketing investments, non-GAAP research and development investments, non-GAAP general and administrative investments, non-GAAP effective income tax rate, non-GAAP net income, non-GAAP net income per diluted common share and non-GAAP free cash flow. These non-GAAP measures are provided to enhance the reader's understanding of the Company's operating performance as they primarily exclude non-cash stock-based compensation, inventory and component liability charges, intangible asset amortization, U.S. tariff refunds and impact from changes in income taxes, which the Company believes are not indicative of its core operating results. Management believes that the non-GAAP measures used in this stockholder letter provide investors with important perspectives into the Company's ongoing business performance and management uses these non-GAAP measures to evaluate financial results and to establish operational goals. The presentation of these non-GAAP measures is not meant to be a substitute for results presented in accordance with U.S. GAAP, but rather should be evaluated in conjunction with those GAAP results. A reconciliation of the non-GAAP results to the most directly comparable U.S. GAAP results is contained in tabular form in Exhibit 99.2. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Such inform

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated J an uary 29 , 202 4 announcing fourth quarter 2023 financial results. 99.2 Stockholder Letter dated January 2 9 , 202 4 announcing financial results of the Company. 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 29, 2024 CALIX, INC. By: /s/ Cory Sindelar Cory Sindelar Chief Financial Officer 4 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release, dated January 29 , 202 4 announcing fourth quarter 2023 financial results. 99.2 Stockholder Letter dated January 29 , 202 4 announcing financial results of the Company. 5

View Full Filing

View this 8-K filing on SEC EDGAR