Calix's Q1 revenues drop 5.2% to $85.8M
Calix reported that its first-quarter 2014 revenues were $85.8 million, down 5.2 percent year-over-year from $90.5 million in the first quarter of 2013 due to what it said was a slower cycle of sales in the quarter.
"Growing demand for gigabit services and the recently completed integration of E-Series solutions with the BLM 1500 platform and the EntriView management system allowed us to make solid progress in expanding our customer footprint both domestically and internationally during the first quarter," said Carl Russo, president and CEO of Calix, in the earnings release.
In addition to developing enhancements for its product set, Calix introduced its Consulting services to its Unified Access portfolio in March. By providing its Analytics and Catalyst services, it said that it can help its customers leverage its Compass software applications to gain insight into subscriber behavior and how to increase average revenue per user (ARPU) and reduce churn.
The company reported a non-GAAP net loss of $1.5 million, or 3 cents per fully diluted share. GAAP net loss for the first quarter of 2014 was $10.0 million, or $(0.20) per basic and diluted share, compared with a GAAP net loss of $6.2 million, or $(0.13) per basic and diluted share for the first quarter of 2013.
Shares of Calix were listed at $8.46, down 24 cents or 2.76 percent, on the New York Stock Exchange (NYSE).
- see the earnings release
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