Calix, Inc - Understand $calx stock

$CALX Market Cap: $2.236 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$890.1M

TTM

Gross Margin

51.5%

TTM

Net Earnings

-$15.97M

TTM

Current Assets

$585.0M

Q3 2024

Current Liabilities

$129.9M

Q3 2024

Current Ratio

450.34%

Q3 2024

Total Assets

$937.5M

Q3 2024

Total Liabilities

$158.8M

Q3 2024

Book Value

$778.7M

Q3 2024

Cash

$62.36M

Q3 2024

P/E

-140.0

Nov 29, 2024 EST

Free Cash Flow

$38.33M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.040B	$867.8M	$679.4M	$541.2M	$424.3M	$441.3M	$510.4M	$458.8M	$407.5M	$401.2M	$382.6M	$330.2M	$344.7M	$287.0M	$232.9M	$250.5M	$193.8M
YoY Change	19.79%	27.74%	25.53%	27.55%	-3.85%	-13.53%	11.24%	12.6%	1.55%	4.86%	15.87%	-4.19%	20.08%	23.25%	-7.03%	29.26%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.040B	$867.8M	$679.4M	$541.2M	$424.3M	$441.3M	$510.4M	$458.8M	$407.5M	$401.2M	$382.6M	$330.2M	$344.7M	$287.0M	$232.9M	$250.5M	$193.8M
Cost Of Revenue	$521.3M	$432.4M	$322.8M	$274.2M	$236.4M	$243.9M	$337.5M	$257.6M	$217.0M	$223.4M	$211.5M	$192.6M	$225.2M	$174.3M	$150.9M	$171.4M	$133.5M
Gross Profit	$518.3M	$435.4M	$356.6M	$267.0M	$187.9M	$197.4M	$172.9M	$201.2M	$190.4M	$177.8M	$171.1M	$137.6M	$119.5M	$112.7M	$76.60M	$79.10M	$60.40M
Gross Profit Margin	49.86%	50.17%	52.49%	49.33%	44.29%	44.73%	33.88%	43.86%	46.74%	44.31%	44.71%	41.66%	34.66%	39.27%	32.89%	31.58%	31.17%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$311.7M	$250.8M	$181.7M	$138.6M	$119.7M	$126.9M	$122.7M	$125.3M	$117.0M	$107.7M	$100.0M	$88.24M	$82.55M	$70.12M	$49.10M	$46.90M	$40.50M
YoY Change	24.27%	38.05%	31.06%	15.84%	-5.72%	3.49%	-2.08%	7.05%	8.7%	7.63%	13.35%	6.89%	17.73%	42.81%	4.69%	15.8%
% of Gross Profit	60.14%	57.6%	50.95%	51.92%	63.68%	64.31%	70.94%	62.25%	61.45%	60.55%	58.47%	64.14%	69.11%	62.2%	64.1%	59.29%	67.05%
Research & Development	$177.8M	$132.0M	$101.7M	$85.26M	$81.18M	$89.96M	$127.5M	$106.9M	$89.71M	$80.31M	$79.30M	$66.75M	$67.73M	$55.41M	$46.13M	$44.30M	$44.40M
YoY Change	34.68%	29.73%	19.34%	5.02%	-9.76%	-29.46%	19.34%	19.12%	11.71%	1.28%	18.8%	-1.44%	22.22%	20.12%	4.14%	-0.23%
% of Gross Profit	34.3%	30.31%	28.53%	31.93%	43.2%	45.58%	73.77%	53.11%	47.11%	45.17%	46.35%	48.52%	56.7%	49.15%	60.22%	56.01%	73.51%
Depreciation & Amortization	$16.63M	$14.32M	$15.00M	$13.70M	$10.30M	$9.200M	$10.99M	$8.319M	$10.26M	$9.263M	$10.18M	$8.562M	$7.954M	$5.015M	$11.12M	$11.60M	$12.61M
YoY Change	16.18%	-4.57%	9.49%	33.01%	11.96%	-16.3%	32.12%	-18.93%	10.78%	-9.02%	18.91%	7.64%	58.6%	-54.9%	-4.14%	-8.01%
% of Gross Profit	3.21%	3.29%	4.21%	5.13%	5.48%	4.66%	6.36%	4.13%	5.39%	5.21%	5.95%	6.22%	6.66%	4.45%	14.52%	14.66%	20.88%
Operating Expenses	$489.5M	$382.8M	$282.6M	$230.2M	$203.3M	$215.9M	$254.4M	$229.3M	$216.9M	$198.2M	$189.5M	$166.6M	$171.8M	$130.2M	$95.23M	$91.90M	$85.70M
YoY Change	27.86%	35.44%	22.8%	13.2%	-5.82%	-15.15%	10.95%	5.71%	9.47%	4.56%	13.76%	-3.01%	31.92%	36.73%	3.62%	7.23%
Operating Profit	$28.84M	$52.61M	$73.94M	$36.85M	-$15.40M	-$18.51M	-$81.56M	-$28.12M	-$26.51M	-$20.38M	-$18.45M	-$29.02M	-$52.32M	-$17.48M	-$18.63M	-$12.80M	-$25.30M
YoY Change	-45.19%	-28.85%	100.67%	-339.24%	-16.81%	-77.3%	190.04%	6.07%	30.05%	10.46%	-36.42%	-44.53%	199.27%	-6.16%	45.55%	-49.41%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$9.704M	$2.009M	-$402.0K	-$1.600M	-$1.000M	-$600.0K	-$200.0K	$585.0K	$1.144M	$806.0K	$167.0K	$185.0K	$184.0K	$1.188M	-$3.600M	-$1.500M	-$1.200M
YoY Change	383.03%	-599.75%	-74.88%	60.0%	66.67%	200.0%	-134.19%	-48.86%	41.94%	382.63%	-9.73%	0.54%	-84.51%	-133.0%	140.0%	25.0%
% of Operating Profit	33.65%	3.82%	-0.54%	-4.34%
Other Income/Expense, Net	-$532.0K	-$577.0K	-$1.284M	-$2.562M	-$1.131M	-$254.0K	-$233.0K	$1.064M	$712.0K	$151.0K	$1.174M	$856.0K	-$5.000K	-$12.00K	$200.0K	$1.300M	$1.800M
YoY Change	-7.8%	-55.06%	-49.88%	126.53%	345.28%	9.01%	-121.9%	49.44%	371.52%	-87.14%	37.15%	-17220.0%	-58.33%	-106.0%	-84.62%	-27.78%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$38.01M	$54.04M	$72.65M	$34.28M	-$16.53M	-$20.46M	-$84.39M	-$28.93M	-$27.67M	-$21.50M	-$18.50M	-$28.99M	-$52.33M	-$18.47M	-$22.80M	-$13.00M	-$24.80M
YoY Change	-29.67%	-25.62%	111.92%	-307.38%	-19.21%	-75.75%	191.68%	4.54%	28.75%	16.19%	-36.18%	-44.6%	183.27%	-18.98%	75.38%	-47.58%
Income Tax	$6.225M	$13.03M	-$165.7M	$800.0K	$1.162M	$530.0K	$1.243M	$347.0K	$535.0K	$581.0K	-$14.00K	$158.0K	$224.0K	$81.00K	-$400.0K	-$100.0K	$100.0K
% Of Pretax Income	16.38%	24.11%	-228.07%	2.33%
Net Earnings	$31.78M	$41.01M	$238.4M	$33.48M	-$17.69M	-$19.30M	-$83.03M	-$27.40M	-$26.33M	-$20.81M	-$17.27M	-$28.33M	-$52.55M	-$19.45M	-$22.40M	-$12.90M	-$24.90M
YoY Change	-22.5%	-82.8%	611.92%	-289.24%	-8.31%	-76.76%	203.01%	4.06%	26.52%	20.56%	-39.05%	-46.1%	170.14%	-13.16%	73.64%	-48.19%
Net Earnings / Revenue	3.06%	4.73%	35.09%	6.19%	-4.17%	-4.37%	-16.27%	-5.97%	-6.46%	-5.19%	-4.51%	-8.58%	-15.25%	-6.78%	-9.62%	-5.15%	-12.85%
Basic Earnings Per Share	$0.44	$0.63	$3.77	$0.57	-$0.32	-$0.37
Diluted Earnings Per Share	$0.46	$595.1K	$3.51	$0.54	-$0.32	-$0.37	-$1.653M	-$562.6K	-$510.7K	-$409.4K	-$350.2K	-$587.1K	-$1.156M	-$624.2K	-$617.1K	-$355.4K	-$686.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$220.3M	$241.7M	$204.3M	$133.8M	$46.80M	$49.60M	$39.80M	$78.10M	$73.60M	$111.7M	$82.70M	$47.00M	$38.90M	$98.30M	$68.00M	$23.20M	$29.60M
YoY Change	-8.84%	18.29%	52.72%	185.9%	-5.65%	24.62%	-49.04%	6.11%	-34.11%	35.07%	75.96%	20.82%	-60.43%	44.56%	193.1%	-21.62%
Cash & Equivalents	$63.41M	$79.07M	$51.33M	$80.80M	$0.00	$3.800M	$3.800M	$16.00M	$10.20M	$31.00M	$19.80M	$19.80M	$19.80M	$55.50M	$17.20M	$20.80M	$14.80M
Short-Term Investments	$156.9M	$162.6M	$153.0M	$53.00M			$0.00	$27.70M	$50.00M	$62.90M	$0.00			$32.00M	$36.20M	$0.00	$8.300M
Other Short-Term Assets	$118.6M	$62.69M	$30.81M	$11.40M	$10.30M	$7.900M	$10.80M	$45.40M	$14.40M	$18.30M	$27.20M	$26.80M	$12.90M	$11.00M	$21.10M	$21.30M	$29.50M
YoY Change	89.18%	103.47%	170.27%	10.68%	30.38%	-26.85%	-76.21%	215.28%	-21.31%	-32.72%	1.49%	107.75%	17.27%	-47.87%	-0.94%	-27.8%
Inventory	$133.0M	$149.2M	$88.88M	$52.30M	$40.20M	$50.20M	$31.50M	$44.50M	$47.70M	$46.80M	$51.10M	$43.30M	$45.20M	$24.60M	$18.60M	$23.40M	$21.10M
Prepaid Expenses
Receivables	$126.0M	$93.80M	$85.22M	$69.40M	$46.50M	$67.00M	$80.40M	$51.30M	$47.20M	$30.70M	$43.50M	$59.50M	$46.50M	$43.40M	$47.00M	$32.80M	$27.60M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$598.0M	$547.4M	$409.2M	$266.9M	$143.8M	$174.8M	$162.5M	$219.3M	$182.8M	$207.5M	$204.5M	$176.6M	$143.6M	$177.3M	$154.7M	$100.7M	$107.8M
YoY Change	9.24%	33.75%	53.33%	85.61%	-17.73%	7.57%	-25.9%	19.97%	-11.9%	1.47%	15.8%	22.98%	-19.01%	14.61%	53.62%	-6.59%
Property, Plant & Equipment	$38.72M	$35.12M	$33.97M	$32.10M	$37.40M	$24.90M	$15.70M	$18.00M	$17.10M	$20.10M	$17.50M	$21.10M	$16.10M	$11.80M	$11.30M	$9.900M	$9.900M
YoY Change	10.27%	3.39%	5.81%	-14.17%	50.2%	58.6%	-12.78%	5.26%	-14.93%	14.86%	-17.06%	31.06%	36.44%	4.42%	14.14%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$189.0M	$186.2M	$175.8M	$2.600M	$19.40M	$1.200M	$800.0K	$1.200M	$1.100M	$1.200M	$1.700M	$1.800M	$2.200M	$2.400M	$2.800M	$400.0K	$300.0K
YoY Change	1.52%	5.92%	6660.08%	-86.6%	1516.67%	50.0%	-33.33%	9.09%	-8.33%	-29.41%	-5.56%	-18.18%	-8.33%	-14.29%	600.0%	33.33%
Total Long-Term Assets	$343.9M	$337.5M	$332.8M	$160.5M	$173.0M	$142.3M	$132.6M	$136.2M	$141.1M	$162.7M	$179.1M	$201.3M	$214.5M	$80.30M	$86.40M	$88.80M	$94.90M
YoY Change	1.91%	1.41%	107.34%	-7.23%	21.57%	7.32%	-2.64%	-3.47%	-13.28%	-9.16%	-11.03%	-6.15%	167.12%	-7.06%	-2.7%	-6.43%
Total Assets	$941.9M	$884.8M	$742.0M	$427.4M	$316.8M	$317.1M	$295.1M	$355.5M	$323.9M	$370.2M	$383.6M	$377.9M	$358.1M	$257.6M	$241.1M	$189.5M	$202.7M
YoY Change
Accounts Payable	$34.75M	$41.41M	$29.06M	$13.10M	$10.80M	$40.20M	$36.00M	$23.80M	$19.60M	$23.60M	$23.20M	$16.80M	$14.30M	$10.30M	$14.60M	$18.50M	$16.70M
YoY Change	-16.09%	42.48%	121.84%	21.3%	-73.13%	11.67%	51.26%	21.43%	-16.95%	1.72%	38.1%	17.48%	38.83%	-29.45%	-21.08%	10.78%
Accrued Expenses	$102.7M	$90.47M	$61.20M	$54.00M	$44.20M	$50.50M	$46.50M	$48.10M	$33.20M	$38.80M	$31.20M	$34.60M	$35.20M	$26.00M	$28.60M	$16.30M	$14.70M
YoY Change	13.51%	47.82%	13.34%	22.17%	-12.48%	8.6%	-3.33%	44.88%	-14.43%	24.36%	-9.83%	-1.7%	35.38%	-9.09%	75.46%	10.88%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$30.00M	$30.00M	$30.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change				-100.0%	0.0%	0.0%
Long-Term Debt Due				$2.900M	$4.000M									$0.00	$3.300M	$0.00	$12.30M
YoY Change				-27.5%										-100.0%		-100.0%
Total Short-Term Liabilities	$187.6M	$165.4M	$128.1M	$101.0M	$115.5M	$143.7M	$128.3M	$121.4M	$67.20M	$75.80M	$90.10M	$92.30M	$65.80M	$50.30M	$76.70M	$59.30M	$92.30M
YoY Change	13.43%	29.1%	26.87%	-12.55%	-19.62%	12.0%	5.68%	80.65%	-11.35%	-15.87%	-2.38%	40.27%	30.82%	-34.42%	29.34%	-35.75%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$16.70M	$21.00M	$0.00
YoY Change														-100.0%	-20.48%
Other Long-Term Liabilities	$35.24M	$39.85M	$45.47M	$46.00M	$47.30M	$21.50M	$21.80M	$21.10M	$20.90M	$21.80M	$19.60M	$16.50M	$14.90M	$11.90M	$7.500M	$5.100M	$3.700M
YoY Change	-11.56%	-12.36%	-1.16%	-2.75%	120.0%	-1.38%	3.32%	0.96%	-4.13%	11.22%	18.79%	10.74%	25.21%	58.67%	47.06%	37.84%
Total Long-Term Liabilities	$35.24M	$39.85M	$45.47M	$46.00M	$47.30M	$21.50M	$21.80M	$21.10M	$20.90M	$21.80M	$19.60M	$16.50M	$14.90M	$11.90M	$24.20M	$26.10M	$3.700M
YoY Change	-11.56%	-12.36%	-1.16%	-2.75%	120.0%	-1.38%	3.32%	0.96%	-4.13%	11.22%	18.79%	10.74%	25.21%	-50.83%	-7.28%	605.41%
Total Liabilities	$222.9M	$205.3M	$173.6M	$147.0M	$162.8M	$165.1M	$150.1M	$142.5M	$88.10M	$97.60M	$109.7M	$108.8M	$80.70M	$62.30M	$100.8M	$85.40M	$96.00M
YoY Change	8.58%	18.24%	18.1%	-9.71%	-1.39%	9.99%	5.33%	61.75%	-9.73%	-11.03%	0.83%	34.82%	29.53%	-38.19%	18.03%	-11.04%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	65.98M shares	65.06M shares	63.28M shares	59.07M shares	54.99M shares	52.61M shares
Diluted Shares Outstanding	69.32M shares	68.91M shares	67.86M shares	62.00M shares	54.99M shares	52.61M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.2355 Billion

About CALIX, INC

Calix, Inc. provides cloud and software platforms, systems and services required to realize the unified access network. The company is headquartered in San Jose, California and currently employs 1,760 full-time employees. The company went IPO on 2010-03-24. This platform and managed services enable broadband service providers (BSPs) of all sizes to innovate and transform their businesses. The firm's platform, which includes Calix Cloud, Calix Revenue EDGE and Calix Intelligent Access EDGE, gathers, analyzes, and applies machine learning to deliver real-time insights to each key business function. Calix Cloud comes in three role-base editions: Calix Marketing Cloud, Calix Support Cloud and Calix Operations Cloud. Calix Revenue EDGE offers premises solution for subscriber managed services. Calix Intelligent Access EDGE provides an access network solution for automated, intelligent networks.

Industry: Communications Services, NEC Peers: CIENA CORP CISCO SYSTEMS, INC. CommScope Holding Company, Inc. F5, INC. VIAVI SOLUTIONS INC. JUNIPER NETWORKS INC Lumentum Holdings Inc. NETSCOUT SYSTEMS INC VIASAT INC Ubiquiti Inc.