secwatch.observer — SEC 8-K summary
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Issuer:     Everpure, Inc. (P)
CIK:        0001474432
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001628280-23-020310
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474432/000162828023020310/0001628280-23-020310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474432/000162828023020310/pstg-20230531.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-020310

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