Company: CALX
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001406666-25-000016
Chunk: 46

Company: CALIX, INC
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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 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 are the same as described in the significant accounting policies.Geographic Information:A summary of revenue disaggregated by geographic region based upon the location of the customers was as follows (in thousands):Three Months EndedMarch 29, 2025March 30, 2024United States$211,179 $210,089 Americas ex U.S.5,468 7,136 Europe2,528 6,860 Rest of world1,067 2,225 $220,242 $226,310 The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):March 29,2025December 31, 2024United States$27,180 $27,601 China2,918 2,818 India734 734 $30,832 $31,153 

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Table of Contents

Selected Financial Information:The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):Three Months EndedMarch 29,2025March 30,2024Revenue$220,242 $226,310 Adjusted cost of revenue (1