The company said, "In the fourth quarter of 2022, our gross margin continued to move higher after bottoming in the second quarter of 2022 as our supply chain began to normalize and our platform solutions continued to grow. GAAP gross margin decreased 60 basis points year-over-year to 51.1% primarily as we received a U.S. tariff refund in the year ago period, while non-GAAP gross margin increased 30 basis points to 51.6% reflecting an improving supply chain and was slightly above our guidance range."
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CALX:
- 3 Stocks to Buy Today, 1/26/2023, According to Top Analysts
- Jefferies says Calix business remains strong, sees ‘attractive opportunity’
- Calix selloff brings ‘strong buying opportunity,’ says Needham
- Calix sinks 17% after presentation at Needham conference
- Rosenblatt reveals 15 best stock ideas for 2023