Calix, Inc

telephone keypad. As a reminder, this conference call is being recorded. It is now my pleasure to introduce your host, Jim Finucchi, Vice President of Investor Relations. Sir, please go ahead.

Thank you, Rob, and good morning, everyone. Thank you for joining our fourth quarter 2023 earnings call. Today on the call, we have President and CEO Michael Beeney and Chief Financial Officer Corey Sindelar. As a reminder, yesterday after the market closed, Calix issued a news release, which was furnished on a form 8K, along with our stockholder letter, and both were posted in the investor relations section of the Calix website. Today's conference call will be available for webcast replay in the investor relations section of our website. Before I turn the call over to Michael for his opening remarks, I want to remind everyone on this call that we will refer to forward-looking statements, including all statements the company will make about its future financial and operating performance, growth strategy and market outlook, and actual results made different materially from those contemplated by these forward-looking statements. Factors that could cause actual results and trends to differ materially are set forth in the fourth quarter 2023 letter to stockholders and in the annual and quarterly reports filed with the SEC. Calix assumes no obligation to update any forward-looking statements, which speak only as of their respective dates. also in this conference call we will discuss both gap and non-gap financial measures a reconciliation of the gap to non-gap measures is included in the fourth quarter 2023 letter to stockholders unless otherwise stated all financial information referenced in this call will be not gap with that it is my pleasure to turn the call over to michael michael please go ahead thank you jim ordinarily i would speak about the results we outlined in the investor

letter where the team delivered a strong Q4 with record revenue and margin, completing our fourth year of deliberate revenue growth, gross margin expansion, disciplined operating expense investments, and ongoing predictability. However, these are not ordinary times. 2024 represents both a challenge and a unique opportunity for Calix with one constant. Our unique platform, cloud, and managed services continue to lead the way with robust growth as they enable our strategically aligned broadband service provider customers to simplify their operations and go to market strategy, innovate for residential, business, government, and communities, and grow for their investors, members, and the communities they serve. This strategy is enabling their success as they take market share from legacy network operators at a faster and faster pace. Since our last investor call, we have seen a significant broadening in the number of customers interested in competing for BEAT funds. Today, nearly all our customers are either assembling a BEAT strategy or actively pursuing funds. The clear reality is that the BEAT funds are simply too large at $42 billion and too close for any strategic-minded BSP to ignore. While they do this, they slow their new bills as bead money could be used instead of consuming their own capital, and thus will slow our appliance shipments until decisions are made and funds are awarded. At that point, the winners will move ahead, and those who decide to skip the bead program or did not receive bead funding will begin investing to ensure that the winner does not impinge on their markets. This represents a delay, but also represents a unique opportunity for Calix in 2024. Before I discuss this unique opportunity, I'd like to turn it over to Corey to review our disciplined execution in the fourth quarter. Corey? Thank you, Michael.