secwatch.observer — SEC 8-K summary
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Issuer:     Ubiquiti Inc. (UI)
CIK:        0001511737
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001511737-23-000084
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ubiquiti Q1 FY2024 revenue $463M (-7% YoY); GAAP EPS $1.45, non-GAAP $1.47
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- Revenue of $463.1M, down 7.0% YoY from $498.1M and down 5.7% from prior quarter.
- GAAP net income $87.8M ($1.45 diluted EPS); non-GAAP net income $88.9M ($1.47 diluted EPS).
- Gross margin 39.7% vs 34.4% YoY (up 5.3pp) but down from 41.4% QoQ due to higher shipping costs.
- Enterprise Technology revenue $380.1M (-10.8% YoY); Service Provider Technology $83.0M (+15.6% YoY).
- Board declares $0.60/share quarterly dividend, payable Nov 20, 2023 to holders of record Nov 13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511737/000151173723000084/0001511737-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511737/000151173723000084/ui-20231103.htm
  HTML page:      https://secwatch.observer/filing/0001511737-23-000084

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