secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001564590-21-038470
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extreme Q4 rev $278.1M (+29% YoY); non-GAAP EPS $0.19; guides FY22 to high-end of 5-9% growth
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- Q4 revenue $278.1M (+29% YoY); GAAP EPS $0.08 vs ($0.18); non-GAAP EPS $0.19 vs $0.03.
- Full-year FY21 revenue $1,009.4M (+6% YoY); free cash flow $127.4M; net debt reduced to $99.9M.
- Cloud new subscription bookings +111% YoY; Extreme ranked #2 in cloud-managed network market.
- Q4 GAAP gross margin 57.9%, non-GAAP 60.5%; operating cash flow $57.0M.
- FY22 guidance: revenue toward high-end of 5%-9% long-term growth; double-digit operating margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000156459021038470/0001564590-21-038470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000156459021038470/extr-8k_20210728.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-038470

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