secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118589
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extreme Networks Q1 revenue $269.2M (-24% YoY), beats guidance; Non-GAAP EPS $0.17
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- Revenue $269.2M, down 23.8% YoY but up 4.9% sequentially; beat company guidance.
- Non-GAAP diluted EPS $0.17 ($0.35 prior year); GAAP loss per share $0.08.
- SaaS ARR $174.1M, up 23.4% YoY; continued cloud platform growth and competitive wins.
- Q1 operating cash flow $18.6M, free cash flow $11.7M; net debt $28.0M.
- Guidance: expects sequential revenue growth in Q2 and full-year revenue growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000095017024118589/0000950170-24-118589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000095017024118589/extr-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118589

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