Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 17

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 and the Company expects to recognize as revenue 38% of this amount over the next 12 months and nearly all of the remainder over the two years thereafter.

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Table of Contents

Contract CostsThe Company capitalizes certain sales commissions related primarily to multi-year subscriptions and extended warranty support for which the expected amortization period is greater than one year. As of March 29, 2025 and December 31, 2024, the unamortized balance of deferred commissions was $17.6 million and $17.9 million, respectively. For the three months ended March 29, 2025 and March 30, 2024, the amount of amortization was $2.7 million and $2.0 million, respectively. There was no impairment loss in relation to the costs capitalized for these periods.Concentration of Customer RiskNo customer accounted for more than 10% of the Company’s revenue for the three months ended March 29, 2025 and March 30, 2024. Two customers represented 13% and 12% of the Company’s total receivables as of March 29, 2025 and one customer represented 11% and 21% of the Company’s total receivables as of March 29, 2025 and December 31, 2024, respectively.

9. Segment Information 

The Company develops, markets and sells an appliance-based broadband platform, cloud and managed services, and there are no segment managers who are held accountable for operations, operating results and plans for levels or components below the Company unit level. Accordingly, the Company is considered to be in a single reporting segment and operating unit structure. The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who reviews financial information presented on a Company-wide basis, for purposes of allocating resources and evaluating financial performance. The CODM assesses the performance of the single segment and allocates resources based on revenue and measures derived from gross margin and operating income (loss) that is reported in the Condensed Consolidated Statements of Comprehensive Income (Loss). In addition, the CODM uses a measure derived from operating expenses in the Condensed Consolidated Statements of Comprehensive Income (Loss) to monitor budget versus actual results to determine the Company’s and management’s performance. The Company does not have intra-entity sales or transfers. The measure of the single segment assets is the consolidated assets in the Condensed Consolidated Balance Sheet. The accounting policies of the single segment