secwatch.observer — SEC 8-K summary
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Issuer:     Elastic N.V. (ESTC)
CIK:        0001707753
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001707753-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elastic beats Q1 but guides FY25 revenue growth at 14%, slowed by segmentation changes
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- Q1 revenue $347M (+18% YoY); Elastic Cloud rev $157M (+30% YoY).
- GAAP operating loss $34M; non-GAAP operating income $37M (11% margin).
- GAAP EPS -$0.48; non-GAAP diluted EPS $0.35.
- FY2025 revenue guidance $1.436-1.444B (14% growth midpoint) – slower than prior expectations.
- CEO cites slower start due to segmentation changes; net expansion rate ~112%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707753/000170775324000034/0001707753-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707753/000170775324000034/estc-20240829.htm
  HTML page:      https://secwatch.observer/filing/0001707753-24-000034

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