---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-020310"
form_type: "8-K"
ticker: "P"
cik: "0001474432"
company_name: "Everpure, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:21:41.337670+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pure Storage Q1 FY24 revenue $589.3M, down 5% YoY; subscription ARR $1.2B +29%

## Summary
- GAAP operating loss $71.8M; non-GAAP operating income $19.6M; GAAP op margin (12.2)% vs non-GAAP 3.3%.
- Subscription services revenue $280.3M (+28% YoY); ARR $1.2B (+29%); RPO $1.8B (+26%).
- Q2 FY24 revenue guidance $680M; FY24 revenue guided mid-to-high single digit YoY growth; non-GAAP op margin 15%.
- Operating cash flow $173.2M; free cash flow $121.8M; share repurchases of ~$70M (2.9M shares).
- LTP awards to executives with market cap targets: $15B threshold, $21B maximum, vesting by March 2028.

## SEC filing metadata
- accession: 0001628280-23-020310
- form_type: 8-K
- ticker: P
- cik: 0001474432
- company_name: Everpure, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474432/000162828023020310/0001628280-23-020310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474432/000162828023020310/pstg-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-020310
- JSON: https://secwatch.observer/filing/0001628280-23-020310.json
- Plain text: https://secwatch.observer/filing/0001628280-23-020310.txt

## Key facts
- Earnings Releases
  Everpure, Inc. reported first quarter fiscal 2024 ended May 7, 2023 results: revenue $589.3 million. Guidance initiated.
  - Period: first quarter fiscal 2024 ended May 7, 2023
  - Revenue: $589.3 million
  - Guidance: initiated
  - Result: reported results
  source text: efficiencies of Pure’s product portfolio over both hard disk and SSD-based, all-flash competitive offerings are now undeniable.” First Quarter Financial Highlights • Revenue $589.3 million, a decrease of 5% year-over-year, and an increase of 5% year-over-year, when excluding the impact of $60 million of first quarter fiscal 2023 product revenue that was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474432/000162828023020310/0001628280-23-020310-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.