Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 23

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 the three and six months ended June 28, 2025 the amount of amortization was $2.7 million and $5.3 million, respectively, compared to $2.1 million and $4.2 million for the three and six months ended June 29, 2024, 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 and six months ended June 28, 2025 and June 29, 2024. One customer represented 10% of the Company’s total receivables as of June 28, 2025 and another customer represented 21% of the Company’s total receivables as of December 31, 2024.

9. Segment Information 

The Company develops, markets and sells an appliance-based broadband platform, cloud and managed services. 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 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 loss that is reported in the Condensed Consolidated Statements of Comprehensive Loss. In addition, the CODM uses a measure derived from operating expenses in the Condensed Consolidated Statements of Comprehensive 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 EndedSix Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024United States$219,039 $182,705 $430,218 $392,795 Europe15,565 6,712 18,094 13,572 Americas ex U.S.5,881 7