Calix reported that third-quarter 2014 revenue was $105.8 million, up 2.1 percent year-over-year from $103.6 million the same period a year ago.
The vendor's non-GAAP third-quarter 2014 net income was $4.6 million, or 9 cents per fully diluted share, compared to a non-GAAP net income of $10.2 million, or 20 cents per fully diluted share, for the third quarter of 2013.
However, Calix did report that the GAAP net loss for the third quarter was $3.8 million, or 8 cents per basic and diluted share, compared to a GAAP net income of $0.5 million, or 1 cent per basic and diluted share, for the third quarter of 2013.
One of the highlights during the quarter was the introduction of new solutions.
Calix introduced its GigaCenters, a fiber-based product to deliver higher speed Wi-Fi in the home and the Compass Open Link Cable software solution, which is designed to enable cable operators to deliver gigabit services to residential and business customers over fiber while using their traditional back office and DOCSIS command and control procedures.
"In addition to achieving record revenues in the quarter, we continued to innovate and expand our product line and our customer base by launching two entirely new solutions," said Carl Russo, Calix president and CEO, in the earnings release.
Besides the introduction of the new products, Calix continues to rack up new customers, adding 25 new ones during the third quarter alone and 66 year-to-date. A growing portion of its customer base is leveraging a Gbps solution, with a total of 49 deployments.
Similar to the second quarter, Calix is also making progress in the international arena, with 65 percent of its new customers this year being international. The international growth is being driven by a mix of direct sales and working with 70 value-added reseller (VAR) partners. Finally, it added 26 new channel partners year-to-date and eight new in the third quarter.
Shares of Calix were listed at $10.27, up $1.43 or 16.18 percent, in late Thursday morning trading on the Nasdaq stock exchange.
- see the release
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