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Calix reports Q4 revenue of $105.00m, down 5.8% yr/yr, net loss of $9.55m
Announced Date: 2/9/2016 Published Date: 2/11/2016

Calix reported unaudited financial results for the fourth quarter ended December 31, 2015 as follows:


  1. Revenue for the fourth quarter of 2015 of $105.00 million, down 6.5% from $112.30 million in the preceding third quarter and down 5.9% compared to $111.63 million for the fourth quarter of 2014.

  2. Gross profit for the fourth quarter of 2015 of $48.79 million, down 8.1% from $53.11 million in the preceding third quarter and down 5.1% compared to $51.44 million for the fourth quarter of 2014.

  3. R&D expenditure for the fourth quarter of 2015 of $22.83 million, up 3.2% from $22.12 million in the preceding third quarter and up 7.6% compared to $21.21 million for the fourth quarter of 2014.

  4. SG&A expenditure for the fourth quarter of 2015 of $21.16 million, down 23.2% from $27.56 million in the preceding third quarter and down 2.6% compared to $21.72 million for the fourth quarter of 2014.

  5. Total operating expenditure for the fourth quarter of 2015 of $56.27 million, up 7.6% from $52.29 million in the preceding third quarter and up 3.6% compared to $54.29 million for the fourth quarter of 2014.

  6. On a GAAP basis, net loss for the fourth quarter of 2015 of $9.55 million, versus net income of $922,000 million in the preceding third quarter and compared to a net loss of $2.99 million for the fourth quarter of 2014.

    On a non-GAAP basis, net loss for the fourth quarter of 2015 of $1.67 million, versus net income of $8.26 million in the preceding third quarter and compared to a net income of $6.53 million for the fourth quarter of 2014.

  7. Cash and cash equivalents as of December 31, 2015 of $23.63 million, versus $36.19 million as at September 26, 2015 and $48.83 million as at December 31, 2014.


Additional results and notes

For the full year 2015, Calix reported revenue of $407.46 million, compared with $401.23 million in 2014, with a net loss of $26.33 million, compared with a net loss of $20.81 million in 2014.



Outlook

For the first quarter of 2016, Calix expects revenue of between $95 and $99 million, representing a sequential decline of 7.6% of at the midpoint.