secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000950170-24-009144
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extreme Networks Q2 revenue down 6.9% YoY; GAAP EPS $0.03, non-GAAP $0.24
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- Revenue $296.4M, down 6.9% YoY; SaaS ARR $158M, up 37.4% YoY.
- GAAP diluted EPS $0.03 vs $0.13; non-GAAP diluted EPS $0.24 vs $0.27.
- GAAP gross margin 61.9% (vs 57.1%); non-GAAP gross margin 62.5% (vs 58.5%).
- Generated $34.3M operating cash flow; repurchased 1.5M shares for $25M.
- Q3 outlook: expects higher sell-through than sell-in, plans cost actions; expects sequential growth in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000095017024009144/0000950170-24-009144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000095017024009144/extr-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009144

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