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AI brief of an SEC Form 8-K · Calix (CALX)

Calix Q3 revenue falls 24% to $200.9 million; GAAP net loss of $4.0 million

Mixed Impact 3 of 5 earnings Written later

On October 28, 2024, Calix reported third-quarter 2024 results in a press release and stockholder letter filed under Item 2.02. Revenue fell 24% from a year earlier to $200.9 million and the company posted a GAAP net loss of $4.0 million, compared with net income of $17.0 million a year earlier, though revenue rose 1.4% from the prior quarter and non-GAAP EPS of $0.13 exceeded its July 22 guidance of $0.05 to $0.11. Fourth-quarter guidance calls for revenue of $201 million to $207 million and non-GAAP EPS of $0.04 to $0.10, which shareholders will weigh against the year-over-year decline.

Key points

  • Q3 revenue of $200.9 million rose 1.4% from the prior quarter and fell 24% from the year-earlier quarter.
  • GAAP net loss of $4.0 million, or $0.06 per diluted share, versus GAAP net income of $17.0 million a year earlier; non-GAAP EPS was $0.13.
  • Q4 2024 guidance: revenue of $201 million to $207 million; non-GAAP EPS of $0.04 to $0.10.
  • Remaining performance obligations were $295.7 million, up 35% from the year-earlier quarter.

The filing

CompanyCalix (CALX)
Form8-K, current report
Filed with the SECOct 28, 2024, 4:16 PM ET
Accession number0001406666-24-000038

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.