secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-036775
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extreme Networks Q4 revenue $363.9M (+31% YoY); GAAP EPS $0.19; FY23 revenue $1.3B (+18%)
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- Q4 revenue $363.9M (+31% YoY); GAAP EPS $0.19 (vs $0.04); non-GAAP EPS $0.33 (vs $0.15).
- FY23 revenue $1.3B (+18% YoY); GAAP EPS $0.58 (up from $0.33); non-GAAP EPS $1.09 (up from $0.77).
- SaaS ARR $129M (+25% YoY). Free cash flow $235.4M for the year, doubling prior year.
- Ended year with net cash $9.8M; repurchased $100M shares and paid down $80M debt.
- Management expects continued strong growth in FY24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000095017023036775/0000950170-23-036775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000095017023036775/extr-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036775

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer