secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001564590-22-026574
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extreme Networks Q4 GAAP EPS $0.04 on flat revenue; FY22 revenue $1.1B (+10%), backlog record $513M
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- Q4 revenue $278.2M (flat YoY); GAAP EPS $0.04 (vs $0.08), non-GAAP EPS $0.15 (vs $0.19).
- FY22 revenue $1.1B (+10% YoY); GAAP EPS $0.33 (vs $0.02), non-GAAP EPS $0.77 (vs $0.57).
- SaaS ARR $103M (+47% YoY); record product backlog $513M.
- FY23 guidance: revenue growth 10-15%, gross margin >60% by year-end, operating margin 10-15%.
- Q4 share repurchases $20M; Board authorized $200M repurchase program over three years from July 1, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000156459022026574/0001564590-22-026574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000156459022026574/extr-8k_20220727.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-026574

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