secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000950170-25-010203
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extreme Networks Q2 FY25 revenue $279.4M, down 5.7% YoY; EPS $0.06 GAAP, $0.21 non-GAAP
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- Revenue $279.4M, down 5.7% YoY but up 3.8% sequentially; SaaS ARR $181.1M, +14.4% YoY.
- GAAP diluted EPS $0.06; non-GAAP diluted EPS $0.21; non-GAAP operating margin 14.7%.
- Q2 cash from ops $21.5M, FCF $16.1M; net debt $14.7M down from $28M in prior quarter.
- Guidance: better-than-seasonal Q3 revenue at midpoint; FY25 revenue growth and higher margins expected.
- Introduced Extreme Platform ONE with integrated AI agents and security; multiple new customer wins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000095017025010203/0000950170-25-010203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000095017025010203/extr-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-010203

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