Wednesday, May 5, 2010

Calix Posts Q1 Revenue of $48 Million, up 30% YoY

Calix reported Q1 revenue of $48.2 million, an increase of 30% from revenue reported for the first quarter of 2009 of $37.1 million. GAAP net loss for the first quarter of 2010 was $10.2 million, or $(0.32) per share, compared to a GAAP net loss of $12.7 million, or $(0.50) per share, reported for the first quarter of 2009 (assuming the conversion of preferred stock into common stock as of the beginning of each quarter).


"First quarter results were ahead of our expectations and represented a good start to our calendar and fiscal year. Communications service providers leveraged the increasing strength of our Unified Access portfolio to bring ‘Fiber Forward' in their networks," said Calix president and CEO Carl Russo.
http://www.calix.com\

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