President And Ceo, Member Of The Board
CurrentAt Calix, we have dedicated over 11 years and invested over $1 billion in building the only cloud/software platform in the broadband industry. This groundbreaking platform empowers even the smallest broadband service providers to surpass their legacy telco, cable, and consumer giant competitors.Our transformation has also yielded positive results for our investors. During my first full year in 2017, we faced significant challenges. We experienced an operating income of (-$81 million) and burned cash at a rate close to (-$62.8 million) for the year. Margins were in the range of approximately 30%, with about 70% of revenue coming from five unhealthy customers. Our Glassdoor rating was at 3, with a referral rate of 50%, and our market capitalization reached a low of ~$250 million in August 2017.As of April 2023, we have transformed from a hardware-centric company into a cloud/software platform company, achieving outstanding results. We have consistently achieved annual growth rates of 25% or higher for the past three years. Our cash flow has turned positive, with $250+ million in cash reserves. We are now profitable, continue to expand margins and have zero debt. In recognition of our success, we were added to the S&P400 midcap in December 2021. Most important, over the last 18 months, we have won 28 culture awards, including being named "Best Place to Work in the Bay Area (Silicon Valley - SF)" in 2023. Our Glassdoor rating stands at an exceptional 4.9/5. Furthermore, our stock price has experienced significant growth and in 2023 we will do what 1 in 400 do, organically cross $1B in revenue.We are scratching the surface of our potential. With our robust platform in place and our team fully equipped to support our broadband service provider customers, the opportunities for further success and growth are abundant.Join us at Calix as we continue our journey toward reshaping the industry and empowering our customers to thrive.