Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Calix, Inc.    CALX

CALIX, INC.

(CALX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Calix : Historical Financial Statements GAAP and Non-GAAP Statements of Operations 2020

11/19/2020 | 06:07am EST

Calix, Inc.

Historical Financial Statements

GAAP and Non-GAAP Statements of Operations 2020

($ in thousands)

GAAP

Non-GAAP

GAAP

Non-GAAP

GAAP

Non-GAAP

GAAP

Non-GAAP

Qtr Ending

Qtr Ending

Qtr Ending

Qtr Ending

Qtr Ending

Qtr Ending

Ytd Ending

Ytd Ending

3/28/2020

3/28/2020

6/27/2020

6/27/2020

9/26/2020

9/26/2020

9/26/2020

9/26/2020

Revenue:

Systems

$

94,509

$

94,509

$

110,841

$

110,841

$

142,294

$

142,294

$

347,644

$

347,644

Services

7,173

7,173

8,182

8,182

8,214

8,214

23,569

23,569

Total revenue

101,682

101,682

119,023

119,023

150,508

150,508

371,213

371,213

Cost of revenue:

Systems (1) (6) (7) (8)

50,708

48,984

56,721

53,421

68,889

67,451

176,318

169,856

Services (2)

5,350

5,235

5,897

5,807

5,644

5,541

16,891

16,583

Total cost of revenue

56,058

54,219

62,618

59,228

74,533

72,992

193,209

186,439

Gross profit

45,624

47,463

56,405

59,795

75,975

77,516

178,004

184,774

Gross margin %

44.9%

46.7%

47.4%

50.2%

50.5%

51.5%

48.0%

49.8%

Sales and marketing (3)

20,624

19,668

21,343

20,341

23,079

22,044

65,046

62,053

Research and development (4)

20,671

19,661

20,921

19,824

20,378

19,141

61,970

58,626

General and administrative (5)

10,669

9,873

11,193

10,267

10,768

9,728

32,630

29,868

Restructuring charges (9)

-

-

6,286

-

-

-

6,286

-

Total operating expenses

51,964

49,202

59,743

50,432

54,225

50,913

165,932

150,547

Income (loss) from operations

(6,340)

(1,739)

(3,338)

9,363

21,750

26,603

12,072

34,227

Interest expense, net

(290)

(290)

(617)

(617)

(356)

(356)

(1,263)

(1,263)

Other income (expense), net

15

15

(109)

(109)

(707)

(707)

(801)

(801)

Total interest expense and other income (expense), net

(275)

(275)

(726)

(726)

(1,063)

(1,063)

(2,064)

(2,064)

Provision for income taxes

329

329

148

148

149

149

626

626

Net income (loss)

$

(6,944)

$

(2,343)

$

(4,212)

$

8,489

$

20,538

$

25,391

$

9,382

$

31,537

Non-GAAP bridge to GAAP

(1) Cost of revenue -systems(stock-based compensation)

$

107

$

126

$

159

$

392

(2) Cost of revenue - services (stock-based compensation)

115

90

103

308

(3) Sales and marketing (stock-based compensation)

956

1,002

1,035

2,993

(4) Research and development (stock-based compensation)

1,010

1,097

1,237

3,344

(5) General and administrative (stock-based compensation)

796

926

1,040

2,762

(6) U.S. tariff and tariff-related costs

959

723

621

2,303

(7) Intangible asset amortization

658

658

658

1,974

(8) Component inventory accrual

-

1,793

-

1,793

(9) Restructuring charges

-

6,286

-

6,286

Total non-GAAP expenses

$

4,601

$

12,701

$

4,853

$

22,155

GAAP net loss

$

(6,944)

$

(4,212)

$

20,538

$

9,382

Calix's non-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from non-GAAP measures used by other companies. In addition, the above non-GAAP Consolidated Statements of Operations are not based on a comprehensive set of accounting rules or principles.

Calix, Inc.

Historical Financial Statements

Condensed Consolidated Balance Sheets 2020

($ in thousands)

3/28/2020

6/27/2020

Assets

Current assets:

Cash and cash equivalents

$

46,189

$

50,552

Restricted cash

628

628

Marketable securities

-

-

Accounts receivable, net

67,136

58,590

Inventory

30,539

36,659

Prepaid expenses and other current assets

11,223

11,640

Total current assets

155,715

158,069

Property and equipment, net

20,402

20,966

Right-of-use operating leases

15,212

11,079

Goodwill

116,175

116,175

Other assets

16,550

15,025

Total assets

$

324,054

$

321,314

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

20,464

$

10,204

Accrued liabilities

57,975

64,684

Deferred revenue

19,912

16,359

Line of credit

30,000

26,000

Total current liabilities

128,351

117,247

Long-term portion of deferred revenue

17,656

18,192

Operating leases

13,642

12,975

Other long-term liabilities

13,490

13,732

Stockholders' equity:

Common stock

1,549

1,587

Additional paid-in capital

899,978

912,402

Accumulated other comprehensive loss

(1,106)

(1,103)

Accumulated deficit

(709,520)

(713,732)

Treasury stock

(39,986)

(39,986)

Total stockholders' equity

150,915

159,168

Total liabilities and stockholders' equity

$

324,054

$

321,314

Calix, Inc.

Historical Financial Statements

Condensed Consolidated Statements of Cash Flows 2020 ($ in thousands)

Qtr Ending

Qtr Ending

Qtr Ending

Ytd Ending

3/28/2020

6/27/2020

9/26/2020

9/26/2020

Operating activities

Net income (loss)

$

(6,944)

$

(4,212)

$

20,538

$

9,382

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Stock-based compensation

2,984

3,241

3,575

9,800

Depreciation and amortization

3,544

3,462

3,305

10,311

Asset retirements and write-downs

-

3,749

-

3,749

Changes in operating assets and liabilities:

Accounts receivable, net

(20,627)

8,545

(10,540)

(22,622)

Inventory

9,614

(6,120)

(4,958)

(1,464)

Prepaid expenses and other assets

758

417

2,535

3,710

Accounts payable

9,472

(10,143)

6,287

5,616

Accrued liabilities

1,367

6,501

(4,034)

3,834

Deferred revenue

2,071

(3,018)

605

(342)

Other long-term liabilities

(990)

264

(312)

(1,038)

Net cash provided by operating activities

1,249

2,686

17,001

20,936

Investing activities:

Purchases of property and equipment

(1,729)

(2,751)

(1,137)

(5,617)

Purchases of marketable securities

-

-

(39,986)

(39,986)

Net cash used in investing activities

(1,729)

(2,751)

(41,123)

(45,603)

Financing activities

Proceeds from exercise of stock options

1,099

4,509

2,133

7,741

Proceeds from employee stock purchase plans

-

4,712

1,644

6,356

Payments related to financing arrangements

(842)

(687)

(813)

(2,342)

Proceeds from the sale of common stock in connection with public offering, net of expense

-

-

60,063

60,063

Proceeds from line of credit

30,000

-

-

30,000

Repayment of line of credit

(30,000)

(4,000)

(26,000)

(60,000)

Payments to originate the line of credit

(177)

(108)

-

(285)

Net cash provided by financing activities

80

4,426

37,027

41,533

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(240)

2

369

131

Net increase (decrease) in cash, cash equivalents and restricted cash

(640)

4,363

13,274

16,997

Cash, cash equivalents and restricted cash at beginning of period

47,457

46,817

51,180

47,457

Cash, cash equivalents and restricted cash at end of period

$

46,817

$

51,180

$

64,454

$

64,454

Disclaimer

Calix Inc. published this content on 20 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 11:06:02 UTC


© Publicnow 2020
All news about CALIX, INC.
01/20CALIX : Wi-Fi 6 Can Resolve Many of Your Help-Desk Calls
PU
01/14CALIX : TransWorld Selects Full Span of Calix Platforms and Services to Build th..
BU
01/08CALIX : Two Seismic Disruptions Happening in Telecommunications Right Now
PU
01/07CALIX : to Participate in Needham Virtual Growth Conference
BU
01/07CALIX : With Addition of Render Networks To Calix Partner Community, Calix Custo..
BU
01/06CALIX, INC : Entry into a Material Definitive Agreement, Financial Statements an..
AQ
01/04CALIX : to Post Fourth Quarter 2020 Stockholder Letter with Results on January 2..
BU
2020CALIX : Wins 2020 Awards for “Best CEOs” and “Best Companies f..
BU
2020CALIX : Plan for the Unexpected by Getting Network Architecture Fundamentals Rig..
PU
2020CALIX : By Embracing the Full Calix Revenue EDGE Solution, Silver Star Communica..
BU
More news
Financials (USD)
Sales 2020 531 M - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 86,7x
Yield 2020 -
Capitalization 2 142 M 2 142 M -
Capi. / Sales 2020 4,04x
Capi. / Sales 2021 3,83x
Nbr of Employees 763
Free-Float 85,6%
Chart CALIX, INC.
Duration : Period :
Calix, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CALIX, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 31,20 $
Last Close Price 34,68 $
Spread / Highest target 0,92%
Spread / Average Target -10,0%
Spread / Lowest Target -16,4%
EPS Revisions
Managers and Directors
NameTitle
Carl E. Russo President, Chief Executive Officer & Director
Don J. Listwin Chairman
Michael Weening Chief Operating Officer & Executive Vice President
Cory Joseph Sindelar Chief Financial & Accounting Officer
Michael Thomas Everett Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CALIX, INC.16.53%2 142
CISCO SYSTEMS, INC.1.32%190 613
FOXCONN INDUSTRIAL INTERNET CO., LTD.10.96%46 710
ERICSSON AB-0.20%39 468
MOTOROLA SOLUTIONS, INC.1.31%29 207
ARISTA NETWORKS, INC.7.26%23 581