Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 107

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 107
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 the Company’s single operating segment (in thousands):Years Ended December 31,202420232022Revenue$831,518 $1,039,593 $867,827 Adjusted cost of revenue (1)(372,177)(515,633)(427,708)Adjusted sales and marketing operating expenses (2)(197,069)(197,671)(162,548)Adjusted research and development operating expenses (3)(160,787)(160,772)(119,829)Adjusted general and administrative operating expenses (4)(70,944)(71,180)(58,315)Other segment items (5)(73,575)(68,752)(46,817)Interest income and other expenses, net11,388 9,172 1,432 Income taxes1,899 (5,432)(13,032)Net income (loss)$(29,747)$29,325 $41,010 (1) GAAP cost of revenue adjusted for stock-based compensation, intangible asset amortization and tariff refund (2022 only).(2) GAAP sales and marketing operating expenses adjusted for stock-based compensation.(3) GAAP research and development operating expenses adjusted for stock-based compensation.(4) GAAP general and administrative operating expenses adjusted for stock-based compensation and litigation settlement (2023 only).(5) Other segment items consisted of stock-based compensation expense, tariff refund (2022 only) and litigation settlement (2023 only).

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ITEM 9.    Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

There were no changes in nor any disagreements with accountants on accounting principles or practices, financial statement disclosure, auditing scope or procedures, or other reportable events requiring disclosure pursuant to Item 304(b) of Regulation S-K.

ITEM 9A.    Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this report, which we refer to as the evaluation date, we carried out an evaluation under the supervision and with the participation of management, including our principle executive officer and principle financial officer, of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act).

The purpose of this evaluation was to determine whether as of the evaluation date our disclosure controls and procedures were effective to provide reasonable assurance that the information we are required to disclose in our filings with the SEC, (i) is recorded, processed, summarized and reported