News item
Printer friendly view Back to headlines
Calix reports Q3 revenue of $112.30m, up 13.3% Q/Q, and net income of $922,000
Announced Date: 10/29/2015 Published Date: 11/2/2015

Calix reported unaudited financial results for the third quarter ended September 26, 2015 as follows:


  1. Revenue for the third quarter of 2015 of $112.30 million, up 13.3% from $99.13 million in the preceding second quarter and up 6.2% compared to $105.77 million for the third quarter of 2014.

  2. Gross profit for the third quarter of 2015 of $53.11 million, up 9.9% from $48.29 million in the preceding second quarter and up 15.2% compared to $46.08 million for the third quarter of 2014.

  3. R&D expenditure for the third quarter of 2015 of $22.12 million, down 3.2% from $22.85 million in the preceding second quarter and up 11.0% compared to $19.93 million for the third quarter of 2014.

  4. SG&A expenditure for the third quarter of 2015 of $27.56 million, down 3.8% from $28.65 million in the preceding second quarter and up 4.6% compared to $26.34 million for the third quarter of 2014.

  5. Total operating expenditure for the third quarter of 2015 of $52.29 million, down 3.3% from $54.05 million in the preceding second quarter and up 7.2% compared to $48.82 million for the third quarter of 2014.

  6. On a GAAP basis, a net income for the third quarter of 2015 of $922,000, versus a net loss of $5.78 million in the preceding second quarter and a net loss of $3.85 million for the third quarter of 2014.

    On a non-GAAP basis, net income for the second quarter of 2015 of $8.26 million, versus a net income of $3.25 million in the preceding first quarter and net income of $4.61 million for the third quarter of 2014.

  7. Cash and cash equivalents as of September 26, 2015 of $36.19 million, versus $39.67 million as at June 27, 2015 and $48.83 million as at December 31, 2014.


Outlook

For the fourth quarter, Calix expects revenue of between $102 and 106 million, representing a sequential decline of 7.4% at the midpoint.



CEO comment

Regarding the results, Carl Russo, Calix president and CEO, said, "…revenue in the first nine months of 2015 increasing 4.4% compared to the first nine months of 2014, in addition, solid execution and favourable product mix led non-GAAP gross margins for the first nine months to increase to 49.8% compared to 46.1% in the same period last year".