Calix (CALX) FY2024 results: revenue $832 million, down 20.0% on the year
Calix, Inc. (CALX) reported revenue of $832 million for fiscal 2024, the year ended 31 December 2024, down 20.0% on the year before. Net income was -$30 million, and diluted earnings per share $-0.45. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$832 million
-20.0% on the year
FY2017FY2024
Operating margin
-5.2%
2.5% a year earlier
FY2017FY2024
Net income
-$30 million
FY2017FY2024
Diluted EPS
-$0.45
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
68.4
56.3
27.2
+21.6%
Capital expenditure
18.1
17.9
14.1
+1.1%
Free cash flow
50.3
38.4
13.1
+31.1%
Free cash flow margin
6.1%
3.7%
1.5%
Cash from investing
-110
-6.2
-24.1
Cash from financing
20.9
-65.9
25.1
Depreciation and amortisation
19.6
16.6
14.3
+17.6%
Share-based compensation
70.8
62.8
44.8
+12.7%
Buybacks
10.7
86.4
0.0
-87.6%
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
66m
69m
69m
-5.0%
Shares outstanding at period end
66m
65m
66m
+2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
781
719
680
+8.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
3.7
7.4
8.4
-49.9%
Other liabilities
155
215
197
-28.2%
Total liabilities and equity
939
942
885
-0.3%
Fixed assets
31.2
29.5
25.8
+5.7%
Goodwill
116
116
116
0.0%
Intangible assets
n/a
n/a
4.3
Cash and equivalents
43.2
63.4
79.1
-31.9%
Receivables
79.3
126
93.8
-37.1%
Inventory
103
133
149
-22.8%
Other assets
567
474
417
+19.6%
Total assets
939
942
885
-0.3%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.