Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 4

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(In thousands, except per share data)

(Unaudited)

 Three Months EndedMarch 29,2025March 30,2024Revenue$220,242 $226,310 Cost of revenue97,534 103,733 Gross profit122,708 122,577 Operating expenses:Sales and marketing58,059 53,897 Research and development43,980 44,422 General and administrative26,750 26,290 Total operating expenses128,789 124,609 Operating loss(6,081)(2,032)Interest income and other expense, net:Interest income, net3,287 2,635 Other expense, net(196)(135)Total interest income and other expense, net3,091 2,500 Income (loss) before income taxes(2,990)468 Income taxes1,797 365 Net income (loss)$(4,787)$103 Net income (loss) per common share:Basic$(0.07)$0.00 Diluted$(0.07)$0.00 Weighted-average number of shares used to computenet income (loss) per common share:Basic66,027 65,338 Diluted66,027 68,119 Net income (loss)$(4,787)$103 Other comprehensive income (loss), net of tax:Unrealized gain (loss) on available-for-sale marketable securities, net171 (212)Foreign currency translation adjustments, net96 (112)Total other comprehensive income (loss), net of tax267 (324)Comprehensive loss$(4,520)$(221)

See accompanying notes to condensed consolidated financial statements.

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Table of Contents

CALIX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands, unaudited)

Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive Income (Loss)Accumulated DeficitTotal Stockholders’ EquitySharesAmountBalance as of December 31, 202466,434 $1,661 $1,170,017 $(612)$(390,126)$780,940 Stock-based compensation— — 20,103 — — 20,103 Issuance of common stock under equity incentive plans, net of forfeitures417 10