Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 243

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part II, Item 1A
Chunk 243
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 reduce our revenue and adversely affect our financial results.

•Historically, our customer base has been concentrated, and the loss of any of our key customers may adversely impact our revenue and results of operations, and any delays in payment by a key customer could negatively impact our cash flows and working capital.

•Our industry is characterized by rapid technological advancements, and if we fail to develop new products or enhancements that meet changing BXP requirements, we could experience lower sales.

•Our sales cycles can be long and unpredictable, and our sales efforts require considerable time and expense. As a result, our sales are difficult to predict and may vary substantially, which may cause our operating results to fluctuate significantly.

Government and Regulatory Risks

•Actual or perceived failure to comply with applicable data privacy and security laws, regulations and standards could impact our business, operations, and expose us to increased liability.

•If we fail to comply with evolving industry standards, sales of our products would be adversely affected.

•Our failure or the failure of our manufacturers to comply with environmental and other legal regulations could adversely impact our results of operations.

•We are subject to governmental export and import controls that could subject us to liability or impair our ability to compete in additional international markets.

•Regulatory and physical impacts of climate change and other natural events may affect our customers and our manufacturers, resulting in adverse effects on our operating results.

•Our customers are subject to government regulation, and changes in current or future laws or regulations that negatively impact our customers could harm our business.

Risks Related to Ownership of Our Common Stock and Other Risks

•Our stock price may continue to be volatile, and the value of an investment in our common stock may decline.

•Provisions in our charter documents and under Delaware law could discourage a takeover that stockholders may consider favorable and may lead to entrenchment of our management and Board of Directors.

•We may need additional capital in the future to finance our business.

•We do not currently intend to pay dividends on our common stock and, consequently, our stockholders’ ability to achieve a return on their investment will depend on appreciation in the price of our common stock.

•Our failure to adequately address and resolve risks and uncertainties associated with acquisitions could have a material adverse impact on our financial condition and results of operations.

•We cannot guarantee that our stock repurchase program will be utilized to the full value approved or that it will enhance long-term stockholder value. Repurchases we consummate could increase the volatility of the price of our common stock and could have a