secwatch.observer — SEC 8-K summary
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Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001023731-24-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

8x8 reports Q4 revenue $179M, FY revenue $729M down 2% YoY; GAAP operating loss improves 58%
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- Total revenue Q4 $179.4M vs $184.5M YoY; FY revenue $728.7M, down 2% from $743.9M.
- GAAP operating loss FY $27.6M, improvement of 58% vs loss of $66.3M; adjusted EBITDA $121.0M, up 29%.
- GAAP net loss Q4 $23.6M vs $9.4M loss YoY; FY net loss $67.6M vs $73.1M loss.
- Cash flow from operations FY increased 62% to $79M; year-end cash $117.8M.
- Repaid $63.3M of 2024 Notes in Q4; total debt retired in FY2024 $88.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373124000035/0001023731-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373124000035/eght-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001023731-24-000035

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