secwatch.observer — SEC 8-K summary
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Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001023731-23-000150
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

8x8 Q2 FY2024 rev $185M, adj. EBITDA $30.5M, lease impairment $9-10M
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- Total revenue $185.0M vs $187.4M YoY; service revenue $177.8M.
- GAAP net loss $7.5M improved from $11.6M; Non-GAAP net income $17.1M up 182% YoY.
- Adjusted EBITDA $30.5M (16% revenue) vs $17.4M (9%) YoY.
- Cash from ops $17.5M up 27% YoY; ARR $707M (+2% YoY).
- Board approved cessation of 42% HQ space; expects $9-10M non-cash lease impairment in Q3 FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000150/0001023731-23-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000150/eght-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001023731-23-000150

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