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).  

For more:
- see the earnings release

Special report: Wireline telecom earnings in the first quarter of 2014

Related articles:
Calix's Q4 revenue jumps 3 percent year-over-year to $94M
Calix says lower Q4 2013 revenue guidance is due to carrier spending declines
Calix's Q3 revenue rises 27 percent to $103.6M, but issues cautious forecast
CenturyLink names Calix as its PON supplier for Omaha FTTH pilot

Suggested Articles

icrosoft took the wraps off of a new cloud service for Azure via its partnership with Genesys.

Ahead of next month's fourth quarter earnings, Windstream touted its 2019 broadband achievements this week.

Cincinnati Bell announced on Friday that it has received an unsolicited buyout bid from an "infrastructure fund" for $12 a share in cash.