Calix, inc (CALX)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Systems

-

-

-

-

-

-

-

-

-

-

-

-

107,348

91,605

-

114,029

100,144

91,680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services

-

-

-

-

-

-

-

-

-

-

-

-

18,775

25,913

-

7,158

7,281

6,695

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue:
Revenue from Contract with Customer, Including Assessed Tax

101,682

120,191

114,485

100,304

89,350

115,516

114,699

114,699

111,702

99,403

-

128,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

-

-

-

-

-

-

-

-

-

-

-

-

126,123

117,518

-

121,187

107,425

98,375

104,999

112,297

99,129

91,038

111,633

105,769

98,005

85,820

94,003

103,628

94,439

90,548

91,424

81,301

78,928

78,565

91,585

83,655

97,959

71,470

75,492

71,653

Cost of revenue:
Systems

-

-

-

-

-

-

-

-

-

-

-

-

58,299

57,373

-

60,662

51,501

47,693

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services

-

-

-

-

-

-

-

-

-

-

-

-

24,501

25,768

-

6,981

5,918

5,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

56,058

65,479

64,283

55,636

51,007

63,892

61,866

61,866

60,836

57,344

-

84,194

-

-

-

-

-

-

-

57,096

48,752

46,460

58,104

58,600

51,575

46,806

51,868

54,132

49,846

47,345

52,306

45,707

43,619

43,471

52,489

49,002

54,899

39,308

45,168

41,855

Acquisition-related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,039

1,404

5,482

6,041

2,137

-

Merger-related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9,709

10,257

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,088

2,088

2,088

2,088

2,089

2,088

2,088

2,088

2,089

2,088

2,088

2,088

2,088

2,088

1,275

2,042

2,806

3,188

1,516

1,360

1,360

Total cost of revenue

-

-

-

-

-

-

-

-

-

-

-

-

82,800

83,141

-

67,643

57,419

52,893

58,462

59,184

50,840

48,548

60,192

60,689

53,663

48,894

53,956

56,221

51,934

49,433

54,394

47,795

45,707

44,746

54,531

51,808

67,796

51,081

46,528

43,215

Gross profit

45,624

54,712

50,202

44,668

38,343

51,624

52,833

52,833

50,866

42,059

50,557

44,633

43,323

34,377

52,186

53,544

50,006

45,482

46,537

53,113

48,289

42,490

51,441

45,080

44,342

36,926

40,047

47,407

42,505

41,115

37,030

33,506

33,221

33,819

37,054

31,847

30,163

20,389

28,964

28,438

Operating expenses:
Research and development

20,671

20,264

20,890

20,700

19,330

21,215

21,111

21,111

22,101

25,536

28,150

32,633

32,950

33,808

30,944

28,119

25,033

22,773

22,829

22,120

22,851

21,914

21,207

19,930

19,544

19,630

19,316

19,777

20,035

20,171

17,144

16,165

16,473

16,966

17,385

16,717

18,584

15,039

14,299

13,086

Sales and marketing

20,624

23,357

20,123

19,734

19,339

25,282

20,722

20,722

20,527

19,901

23,475

18,448

18,429

22,429

24,825

20,575

19,213

19,062

21,165

18,424

19,215

19,759

21,721

18,717

18,455

17,390

18,583

16,612

17,079

15,801

17,249

15,093

14,897

14,890

16,720

12,593

14,172

12,066

10,408

10,184

General and administrative

10,669

9,597

9,566

9,165

8,787

10,553

10,481

10,481

10,371

9,095

9,714

10,203

9,701

10,257

8,652

8,615

11,641

12,684

9,726

9,140

9,436

10,152

8,814

7,625

7,681

7,251

7,652

8,478

7,684

8,131

6,432

6,773

6,129

6,780

5,552

5,475

6,667

9,308

7,344

7,423

Loss on asset retirement

-

-

2,474

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring Charges

-

-

0

0

-

-271

-157

-157

793

5,340

1,981

612

957

699

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,701

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

2,552

-

2,552

2,795

-

-

-

Gain on sale of product line

-

-

0

0

-

0

0

0

0

6,704

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation settlement gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

185

185

Total operating expenses

51,964

53,218

53,053

49,599

47,456

56,779

52,157

52,157

53,792

53,168

63,320

61,896

62,037

67,193

64,421

52,809

55,887

56,220

56,272

52,236

54,054

54,377

54,294

48,824

48,232

46,823

48,103

47,419

47,350

46,655

44,778

40,583

40,051

41,188

42,210

38,741

47,700

43,123

34,373

30,878

Loss from operations

-6,340

1,494

-2,851

-4,931

-9,113

-5,155

676

676

-2,926

-11,109

-12,763

-17,263

-18,714

-32,816

-12,235

735

-5,881

-10,738

-9,735

877

-5,765

-11,887

-2,853

-3,744

-3,890

-9,897

-8,056

-12

-4,845

-5,540

-7,748

-7,077

-6,830

-7,369

-5,156

-6,894

-17,537

-22,734

-5,409

-2,440

Interest and other expense, net:
Interest expense, net

-290

-

-271

-142

-108

-

-142

-142

-165

-223

-

-60

54

44

-

80

97

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

211

-

297

338

379

643

52

30

4

3

2

1

1

1

3

4

7

7

11

26

43

120

103

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

-

263

279

379

632

59

58

57

73

24

42

28

45

41

57

42

45

48

45

46

45

620

Other income (expense), net

15

-258

353

123

-391

-144

360

360

456

-294

263

-305

-151

120

717

30

82

83

298

196

29

48

107

18

70

33

1

4

-43

-279

67

19

-67

-22

28

35

24

5

4

-2

Total interest and other expense, net

-275

-

82

-19

-499

-

218

218

291

-517

-

-365

-97

164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before provision for income taxes

-6,615

799

-2,769

-4,950

-9,612

-5,401

894

894

-2,635

-11,626

-12,698

-17,628

-18,811

-32,652

-11,590

845

-5,702

-10,608

-9,389

1,107

-5,677

-11,839

-2,735

-3,733

-3,848

-9,917

-6,474

-30

-4,929

-5,846

-6,696

-7,096

-6,950

-7,426

-5,166

-6,896

-17,532

-22,732

-5,330

-2,959

Income Tax Expense (Benefit)

329

302

610

95

155

177

85

85

158

110

168

225

177

673

-107

209

124

121

157

185

102

91

253

115

103

110

-21

-574

224

357

-122

44

141

95

48

38

114

24

21

243

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-6,944

497

-3,379

-5,045

-9,767

-5,578

809

809

-2,793

-11,736

-12,866

-17,853

-18,988

-33,325

-11,483

636

-5,826

-10,729

-9,546

922

-5,779

-11,930

-2,988

-3,848

-3,951

-10,027

-6,453

544

-5,153

-6,203

-6,574

-7,140

-7,091

-7,521

-5,214

-6,934

-17,646

-22,756

-5,351

-3,202

Earnings Per Share [Abstract]
Net loss per common share:
Net loss attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,351

-3,202

Basic and diluted (in dollars per share)

-0.12

0.01

-0.06

-0.09

-0.18

-0.11

-

0.02

-0.05

-0.23

-

-

-0.38

-0.67

-

-

-0.12

-0.22

-

-

-0.11

-0.23

-

-

-0.08

-0.20

-

-

-0.10

-0.13

-

-

-0.15

-0.16

-0.07

-0.15

-0.38

-0.55

-0.14

-0.09

Basic (in dollars per share)

-

-

-

-

-

-

0.02

-

-

-

-

-0.35

-

-

-

0.01

-

-

-

0.02

-

-

-

-0.08

-

-

-

0.01

-

-

-

-0.15

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

-

-

-

-

0.02

-

-

-

-

-0.35

-

-

-

0.01

-

-

-

0.02

-

-

-

-0.08

-

-

-

0.01

-

-0.13

-

-0.15

-

-

-

-

-

-

-

-

Weighted-average number of shares used to compute net income (loss) per common share
Weighted-average number of shares used to compute net loss per common share:
Weighted Average Number of Shares Outstanding, Basic and Diluted

-

-

-

54,624

-

-

-

-

52,290

51,611

-

-

50,019

49,525

-

-

48,371

48,591

-

-

51,950

51,732

-

-

50,573

50,271

-

-

49,153

-

-

-

47,972

47,850

-

47,128

46,050

-

-

-

Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,177

37,341

37,212

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-6,944

497

-3,379

-5,045

-9,767

-5,578

809

809

-2,793

-11,736

-12,866

-17,853

-18,988

-33,325

-11,483

636

-5,826

-10,729

-9,546

922

-5,779

-11,930

-2,988

-3,848

-3,951

-10,027

-6,453

544

-5,153

-6,203

-6,574

-7,140

-7,091

-7,521

-5,214

-6,934

-17,646

-22,756

-5,351

-3,202

Basic (in shares)

56,540

-

55,466

-

54,048

-

53,082

53,082

-

-

-

50,336

-

-

-

48,773

-

-

-

51,756

-

-

-

51,048

-

-

-

49,694

-

48,911

-

48,353

-

-

-

-

-

-

-

-

Diluted (in shares)

-

-

55,466

-

54,048

-

53,828

53,828

-

-

-

50,336

-

-

-

49,309

-

-

-

52,016

-

-

-

51,048

-

-

-

51,142

-

48,911

-

48,353

-

-

-

-

-

-

-

-

Other comprehensive income, net of tax:
Unrealized gain on available-for-sale marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

-

-

Unrealized gains on available-for-sale marketable securities, net

-

-

-

-

-

-

0

-

-

-

-

4

3

-4

-

-9

41

65

-

30

-3

39

-

-13

-25

0

-

0

0

-

-

-

-

-

-

-2

-12

-

-

-

Other comprehensive income (loss), net of tax - foreign currency translation adjustments, net

-252

286

-430

-223

266

-13

-343

-343

-507

279

172

116

132

61

-421

-87

-23

-18

-62

-196

49

-30

-39

-7

-17

11

11

35

30

-18

-2

24

-35

47

-

42

21

-

-

-

Other Comprehensive Income (Loss), Net of Tax

-

-

-

-

-

-

-343

-

-

279

175

120

135

57

-430

-96

18

47

-164

-166

46

9

-59

-20

-42

11

11

35

30

-18

-2

24

-35

47

-

40

9

-

-

-

Comprehensive loss

-7,196

783

-3,809

-5,268

-9,501

-5,591

466

466

-3,300

-11,457

-12,691

-17,733

-18,853

-33,268

-11,913

540

-5,808

-10,682

-9,710

756

-5,733

-11,921

-3,047

-3,868

-3,993

-10,016

-6,442

579

-5,123

-6,221

-6,576

-7,116

-7,126

-7,474

-

-6,894

-17,637

-

-

-

Share-based Payment Arrangement, Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,813

4,404

3,902

4,956

4,971

5,275

4,719

-

-

-

-

-

-

-

-

-

-

Foreign currency translation adjustment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

-

Comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22,750

-

-

Systems
Revenue from Contract with Customer, Including Assessed Tax

94,509

111,978

106,060

92,833

82,360

105,077

-

104,992

102,563

93,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

50,708

59,289

57,858

49,561

44,601

56,179

-

54,354

54,363

51,633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services
Revenue from Contract with Customer, Including Assessed Tax

7,173

8,213

8,425

7,471

6,990

10,439

-

9,707

9,139

6,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

5,350

6,190

6,425

6,075

6,406

7,713

-

7,512

6,473

5,711

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-