8x8 Q3 FY2024: service revenue $175M, op loss narrows 48%, cash flow up 45%

8X8 INC /DE/

2024-Q3 EPS reported -$0.37 revenue$549,292,000

Total revenue $181M (down 1.8% YoY); service revenue $175.1M (flat YoY).
GAAP operating loss improved 48% to $9.4M; non-GAAP op profit $24.3M (+32%).
Cash from operations $22.4M (+45% YoY); cash & investments $170M.
To retire remaining $63.3M 2024 Notes on Feb 1, 2024; total $88.3M returned to debt investors this fiscal year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

8X8 INC /DE/ reported the third quarter of fiscal 2024 ended December 31, 2023 results: revenue Total revenue of $181.0 million, net income GAAP net loss was $21.2 million.

Period: the third quarter of fiscal 2024 ended December 31, 2023
Revenue: Total revenue of $181.0 million
Net income: GAAP net loss was $21.2 million
Result: reported results

Exact text from the filing

in the text of the release. --- EX-99.1 (EX-99.1) --- 8x8, Inc. Reports Third Quarter Fiscal 2024 Financial Results • Service Revenue of $175 million and Total Revenue of $181 million • Cash flow from operations increased 45% year-over-year to $22.4 million • Ending cash, cash equivalents, restricted cash and investments of $170 million • Continued momentum

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Source: SEC EDGAR

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