Wednesday, October 20, 2010

Calix Posts Q3 Revenue of $76 Million, up 27% YoY

Calix reported Q3 revenue of $75.5 million, an increase of 27% from revenue reported for the third quarter of 2009 of $59.6 million. GAAP net loss for the third quarter of 2010 was $5.4 million, or $(0.14) per share, compared to a GAAP net loss of $6.8 million, or $(0.14) per share, reported for the third quarter of 2009 (assuming the conversion of preferred stock into common stock as of the beginning of the third quarter of 2009).

"Third quarter results were ahead of our expectations and continued to demonstrate growth and increased sales momentum. Our Unified Access portfolio continued to strengthen, and communications service providers leveraged new options to bring ‘Fiber Forward' in their networks. On September 16, 2010, we announced that Calix had entered into a definitive agreement for Calix to acquire Occam Networks. We believe that the acquisition of Occam Networks would allow us to accelerate our Unified Access vision by speeding product innovation and expanding our United Access portfolio, providing communications service providers with more options and new innovations delivered at a fast pace," said Calix president and CEO Carl Russo.