Extreme Networks Q4 revenue $256.7M (-29% YoY), GAAP EPS -$0.42, $46.5M inventory charge

EXTREME NETWORKS INC

2024-FY EPS reported -$0.66 revenue$1,117,203,000

Q4 GAAP net loss $54.2M ($0.42 loss per share) vs net income $25.4M ($0.19 EPS) a year ago.
Revenue $256.7M, down 29% YoY but up 22% sequentially; full year revenue $1,117.2M, down 15%.
Recorded $46.5M excess/obsolete inventory provision in Q4 ($64.5M for FY2024), related to end-of-sale products.
SaaS ARR reached $167M, up 29% YoY; management optimistic about return to growth in FY2025.
Free cash flow $10.9M in Q4; cash balance $156.7M with net debt $33.3M.

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