calix inc (CALX) Snapshot

Calix Inc. announced that Michael Everett, Adam Grosser and Don Listwin have been elected as Class 3 directors.

Calix Inc. Presents at Raymond James Semi-Annual Investor Conference, May-09-2013 . Venue: Boston, Massachusetts, United States.

Calix Inc. announced unaudited consolidated earnings results for the first quarter ended March 30, 2013. Revenue for the first quarter of 2013 was $90.5 million, an increase of 15.3% compared to $78.6 million for the first quarter of 2012. GAAP net loss for the first quarter of 2013 was $6.2 million, or $0.13 per basic and diluted share, compared to a GAAP net loss of $7.5 million, or $0.16 per basic and diluted share for the first quarter of 2012. Loss from operations was $5.5 million against $7.4 million and loss before provision for income taxes was $5.8 million against $7.4 million reported last year. Non-GAAP net income for the first quarter of 2013 was $3.2 million, or $0.06 per fully diluted share. Non-GAAP net income was $0.6 million, or $0.01 per fully diluted share, for the first quarter of 2012. Non-GAAP operating income was $3.8 million and non-GAAP income before taxes was $3.5 million. Net cash provided by operating activities was $2.4 million against $13.5 million and purchase of property and equipment was $1.3 million against $3.0 million reported last year. The company is guiding to arrange revenue for the second quarter of between $94 million and $98 million. Gross margin is likely to come in at between 45% and 46%, this is down from the 48% recorded in the first quarter, but up from prior average gross margins and continuing in the right direction. The company will see a gradual increase towards a long-term target of gross margin in the low 50% range. The result in EPS will be in the range of $0.02 to $0.06 per share.