Full Year 2024 Calix Ltd Earnings Call Transcript
Key Points
- Record revenue growth with a 30% increase in revenues from products and services, reaching $24.2 million.
- Significant progress in the carbon capture business, including a perpetual global license agreement with Heirloom and Heidelberg materials.
- Successful expansion of the magnesia business, with a 14% increase in revenue and improved gross margins.
- Strong financial position with $43 million in cash, enabling continued investment in commercialization opportunities.
- Diversified revenue streams across multiple lines of business, including carbon capture, sustainable processing, and magnesia.
- Delay in the Leilac-2 project due to the closure of the Hannover facility by Heidelberg materials, causing a six-month setback.
- High dependency on grant funding and government support for various projects, which may not be sustainable long-term.
- Significant non-cash items such as share-based payments and depreciation impacting the P&L.
- Challenges in securing offtake agreements for the lithium phosphate joint venture with Pilbara Minerals.
- Increased payables at the end of FY24, raising concerns about cash flow management.
Thank you, Carl, and good morning, everybody, and welcome to Calix's full year results presentation to the financial year 2024. My name is Natalie Barrington, and I've recently taken on the role of General Manager of Investor Relations Of Calix. I'm thrilled to join the team, and I look forward to growing our Investor Relations function.
Joining me today are Phil Hodgson, Calix's Chief Executive Officer and Managing Director, and Darren Charles, our Chief Financial Officer. That will take us through the details of FY24 results, which were released to the ASX this morning. Before we begin, I'd like to remind you that we will have a Q&A session at the end of the presentation. (Event Instructions)
I'd now like to hand over to Phil and Dan to take us through the results.
Thank you very much, Nat, and thanks all for joining this morning. If we could just move to slide 3 of the investor
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
