278 material Form 8-K filings that 243 companies we cover made with the SEC in May 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Life360 reported unaudited first-quarter 2024 results in a May 9, 2024 media release furnished under Form 8-K. Revenue rose 15% year over year to $78.2 million, and the net loss narrowed to $(9.8) million from $(14.1) million a year earlier. The company maintained its CY24 guidance, including consolidated revenue of $365 million to $375 million.
Total revenue of $78.2 million, up 15% YoY; subscription revenue of $61.6 million, up 19% YoY
Net loss of $(9.8) million in Q1 2024, compared with $(14.1) million in Q1 2023
Adjusted EBITDA of $4.3 million versus $0.5 million a year earlier; operating cash flow of $10.7 million
CY24 guidance maintained: consolidated revenue of $365 million to $375 million and Adjusted EBITDA of $30 million to $35 million
Metallus reported first-quarter 2024 net income of $24.0 million, or $0.52 per diluted share, up from $14.4 million, or $0.30, a year earlier, on net sales of $321.6 million, roughly flat year over year. The company expects second-quarter adjusted EBITDA to be lower than the first quarter's $43.4 million, and its board authorized an additional $100 million share repurchase program on May 6, 2024.
Q1 2024 net income $24.0 million ($0.52 diluted EPS) vs. $14.4 million ($0.30) in Q1 2023; adjusted EPS $0.56 vs. $0.44
Net sales $321.6 million, down 2% from $328.1 million in Q4 2023 and roughly flat vs. $323.5 million in Q1 2023
Second-quarter 2024 adjusted EBITDA expected to be lower than Q1's $43.4 million, with surcharge revenue per ton expected to decline
Board authorized an additional $100 million share repurchase on May 6, 2024; $132.1 million remains under authorizations
PDF Solutions reported first-quarter 2024 revenue of $41.3 million, up 1% from a year earlier, but swung to a GAAP net loss of $0.4 million, or $0.01 per diluted share, from a $0.4 million profit a year earlier. Non-GAAP diluted earnings per share fell to $0.15 from $0.19. Management expects second-half 2024 revenue to grow 20% over the prior-year period and adopted a new $40 million, two-year stock repurchase program in April 2024.
Q1 2024 total revenue was $41.3 million, up 1% from $40.8 million in Q1 2023; Analytics revenue was $38.5 million, up 6%.
GAAP net loss was $0.4 million, or $0.01 per diluted share, versus net income of $0.4 million, or $0.01 per share, in Q1 2023.
Non-GAAP diluted EPS was $0.15, down from $0.19 in Q1 2023; GAAP gross margin was 67%, down from 71%.
CEO John Kibarian said the company continues to expect second-half 2024 revenue to grow 20% over the prior-year period; a new $40 million, 2-year buyback was adopted in April 2024.
Alarm.com reported first-quarter 2024 results on May 9, 2024, with GAAP net income attributable to common stockholders up 63.7% to $23.6 million, or $0.44 per diluted share, and SaaS and license revenue up 11.0% to $150.3 million. The company raised its full-year 2024 guidance for SaaS and license revenue, non-GAAP adjusted EBITDA and non-GAAP adjusted net income attributable to common stockholders, which points to higher expected results for shareholders.
GAAP net income attributable to common stockholders was $23.6 million, or $0.44 per diluted share, versus $14.4 million, or $0.28, a year earlier
Total revenue rose 6.5% to $223.3 million; non-GAAP adjusted EBITDA rose 21.2% to $37.0 million
Full-year 2024 SaaS and license revenue guidance is $624.5 million to $625.0 million, and non-GAAP adjusted EBITDA guidance is $164.0 million to $166.0 million
A $4.0 million credit loss reserve tied to a subordinated credit agreement with a service provider partner reduced first-quarter earnings
Arlo Technologies reported first quarter 2024 results for the period ended March 31, 2024, with revenue of $124.2 million, up 11.9% from a year earlier but down from $135.1 million in the fourth quarter of 2023. GAAP net loss per share narrowed to $(0.10) from $(0.16) a year earlier, and non-GAAP earnings per share rose to $0.09 from $0.01. The company guided second-quarter 2024 revenue to $120 million to $130 million.
Services revenue of $56.7 million, up 29.0% year over year; free cash flow of $19.5 million.
GAAP EPS $(0.10) vs. $(0.16) a year earlier; non-GAAP EPS $0.09 vs. $0.01.
Q2 2024 outlook: revenue of $120 million to $130 million; GAAP EPS $(0.11) to $(0.05); non-GAAP EPS $0.06 to $0.12.
Verisure partnership extended for five additional years into 2029.
Yelp reported first-quarter 2024 net revenue of $333 million, up 7% from a year earlier, and net income of $14 million, or $0.20 per diluted share, compared with a net loss of $1 million in the first quarter of 2023. Adjusted EBITDA rose 19% to $64 million, $12 million above the high end of its outlook range, and the company reaffirmed its 2024 net revenue outlook of $1.42 billion to $1.44 billion while narrowing its adjusted EBITDA outlook to $315 million to $325 million.
Net revenue was $333 million, up 7% year over year, driven mainly by advertising revenue; Services advertising revenue rose 11% to $203 million.
Net income was $14 million, or $0.20 per diluted share, versus a net loss of $1 million in the prior-year quarter; adjusted EBITDA was $64 million, a 19% margin.
Full-year 2024 net revenue outlook of $1.42 billion to $1.44 billion was reaffirmed; adjusted EBITDA outlook was narrowed to $315 million to $325 million.
Yelp repurchased about 1.5 million shares for $62.5 million in the first quarter.
CarGurus reported first quarter 2024 results on May 9, 2024. Total revenue fell 7% year over year to $215.8 million, as product revenue dropped 69% and wholesale revenue dropped 36%, while marketplace revenue rose 12% to $187.2 million. GAAP net income rose 80% to $21.3 million and non-GAAP adjusted EBITDA rose 24% to $50.4 million, and the company guided second quarter total revenue to $202 million to $222 million.
Total revenue $215.8 million, down 7%; marketplace revenue $187.2 million, up 12%
GAAP consolidated net income $21.3 million, up 80%; non-GAAP adjusted EBITDA $50.4 million, up 24%
Second quarter 2024 guidance: total revenue $202 million to $222 million; non-GAAP EPS $0.29 to $0.34
Repurchased $81.1 million of shares in the first quarter, representing 3.3% of outstanding capital
DXP Enterprises reported first-quarter 2024 results on May 8, 2024. Sales were $412.6 million, down 2.7% from $424.3 million a year earlier, and GAAP diluted EPS was $0.67, down from $0.95, while net income fell to $11.3 million from $17.6 million. Acquisitions contributed $11.8 million of sales, and the company generated $24.1 million of free cash flow, but the year-over-year declines in sales and profit are the headline measures for shareholders.
Sales of $412.6 million, up 1.4% sequentially from $407.0 million but down 2.7% from $424.3 million in Q1 2023
GAAP diluted EPS of $0.67 versus $0.95 a year earlier; non-GAAP diluted EPS of $0.74
Adjusted EBITDA of $40.3 million versus $43.1 million; free cash flow of $24.1 million, up 6.4%
Cash of $139.7 million and net debt of $407.6 million at March 31, 2024; CFO expects growth to be driven by the second half of 2024
Medical Properties Trust reported a first-quarter net loss of $736 million ($1.23 per share), compared with net income of $33 million a year earlier, driven by $693 million in impairments tied mainly to Steward Health Care. Normalized FFO fell to $142 million ($0.24 per share) from $222 million ($0.37), and the company approved $75 million in debtor-in-possession financing after Steward filed for Chapter 11, which matters to shareholders given the sharp drop in earnings and the impairment charges.
Net loss of $736 million ($1.23 per share) vs. net income of $33 million ($0.05 per share) a year earlier; impairments of $693 million included a full reserve on an approximately $360 million Steward loan.
Normalized FFO of $142 million ($0.24 per share) vs. $222 million ($0.37) a year earlier, primarily due to a significant decrease in Steward-related revenue.
MPT approved $75 million in debtor-in-possession financing for Steward after its Chapter 11 filing; the financing is subject to bankruptcy court approval.
Executed $1.6 billion in year-to-date liquidity transactions, 80% of the initial 2024 target, and now expects to exceed the $2.0 billion target.
NETSCOUT reported fourth-quarter fiscal 2024 revenue of $203.4 million, down from $208.1 million a year earlier, and a GAAP net loss of $32.4 million, or $0.46 per share, which includes a $50.2 million non-cash goodwill impairment charge. Non-GAAP net income rose to $0.55 per share from $0.38, and the company guided fiscal 2025 revenue to $800 million to $830 million, described as flat to slightly down, with GAAP EPS of $0.58 to $0.82.
Q4 fiscal 2024 revenue was $203.4 million versus $208.1 million in Q4 fiscal 2023; GAAP net loss was $32.4 million, or $0.46 per share (diluted)
Full fiscal 2024 revenue was $829.5 million versus $914.5 million in fiscal 2023; GAAP net loss was $147.7 million, or $2.07 per share
Fiscal 2025 outlook: revenue of $800 million to $830 million; GAAP EPS of $0.58 to $0.82; non-GAAP EPS of $2.10 to $2.30
Voluntary Separation Program restructuring charges are estimated at $18 million to $22 million in fiscal 2025
Warby Parker reported first quarter 2024 net revenue of $200.0 million, up 16.3% from the prior year, and a GAAP net loss of $2.7 million, narrowed from $10.8 million a year earlier. The company raised its full-year 2024 guidance to net revenue of $753 to $761 million, which matters to shareholders because it signals stronger sales growth and a smaller loss than the company previously expected.
Net revenue rose $28.0 million, or 16.3%, to $200.0 million for the quarter ended March 31, 2024.
GAAP net loss was $2.7 million, compared with $10.8 million in the first quarter of 2023.
Adjusted EBITDA was $22.4 million, a margin of 11.2%, compared with $17.7 million and 10.3% a year earlier.
For full-year 2024, guidance calls for net revenue of $753 to $761 million and adjusted EBITDA of $70.0 million at the revenue midpoint.
Sally Beauty Holdings reported fiscal second-quarter 2024 net sales of $908.4 million, down 1.1% from the prior year, with GAAP diluted earnings per share of $0.27 versus $0.37. The company updated its fiscal 2024 outlook, now expecting an adjusted operating margin of about 8.5%, and said it expects net sales and comparable sales to be roughly flat.
Q2 net sales were $908.4 million, down 1.1%; comparable sales fell 1.5%.
GAAP diluted EPS was $0.27 versus $0.37 a year earlier; adjusted diluted EPS was $0.35 versus $0.41.
Fiscal 2024 guidance: gross margin of 50.5% to 51.0%, adjusted operating margin about 8.5%, operating cash flow about $240 million.
The company issued a $600 million note due 2032 at a 6.75% coupon to refinance its $680 million note due 2025.
Liquidity Services reported results for the quarter ended March 31, 2024, in a press release furnished under Item 2.02 of Form 8-K. Revenue rose 12% to $91.5 million and GAAP net income rose 35% to $5.7 million, or $0.18 per diluted share. The company also gave third-quarter fiscal 2024 guidance, including GAAP net income of $3.5 million to $6.5 million, which gives shareholders a view of expected near-term earnings.
Gross merchandise volume (GMV) was $319.4 million, up 13%, and revenue was $91.5 million, up 12%.
GAAP net income was $5.7 million, up 35%, and GAAP diluted EPS was $0.18, up 38%.
Non-GAAP Adjusted EBITDA was $12.1 million, up from $9.9 million in the prior-year quarter.
Q3 FY24 guidance: GAAP net income of $3.5 million to $6.5 million and GAAP diluted EPS of $0.11 to $0.21.
Privia Health reported first quarter 2024 revenue of $415.2 million, up 7.5% from a year earlier, and reiterated its full-year 2024 guidance. GAAP net income fell to $3.0 million from $7.3 million and operating income fell to $0.8 million from $6.7 million, while non-GAAP adjusted EBITDA rose 18.1% to $19.9 million. Stock-based compensation was $11.9 million, up from $5.4 million, and the company did not change its outlook.
Total revenue was $415.2 million versus $386.3 million in Q1 2023, up 7.5%
Operating income was $0.8 million versus $6.7 million; net income was $3.0 million versus $7.3 million
Non-GAAP adjusted net income rose 16.6% to $22.5 million; adjusted EBITDA rose 18.1% to $19.9 million
Full-year 2024 guidance was reiterated, including GAAP revenue of $1,600 million to $1,675 million and adjusted EBITDA of $85 million to $90 million
YETI reported first-quarter 2024 net sales up 13% to $341.4 million, with GAAP diluted EPS up 50% to $0.18 and adjusted EPS up 89% to $0.34. The company kept its full-year sales outlook and raised its adjusted EPS outlook to $2.49 to $2.62 from $2.45 to $2.50, citing gross margin gains and a $100 million accelerated share repurchase.
Net sales rose 13% to $341.4 million; International sales rose 32% and U.S. sales rose 9%.
GAAP net income rose 50% to $15.9 million; adjusted net income rose 89% to $29.3 million.
Fiscal 2024 adjusted net income per diluted share outlook raised to $2.49 to $2.62 from $2.45 to $2.50; adjusted sales outlook of 7% to 9% growth unchanged.
Completed a $100 million accelerated share repurchase with Goldman Sachs; $200 million remained under the program as of March 30, 2024.
First Advantage reported first quarter 2024 revenue of $169.4 million, down 3.5% from a year earlier, and a GAAP net loss of $2.9 million, compared with net income of $1.9 million in the same quarter of 2023. The results include $11.1 million of costs related to the pending Sterling acquisition, and adjusted diluted EPS fell to $0.17 from $0.19. The company reaffirmed its full-year 2024 guidance for standalone First Advantage, which excludes Sterling.
Revenues were $169.4 million, down 3.5% from $175.5 million in Q1 2023.
GAAP net loss was $2.9 million, or $(0.02) per diluted share, including $11.1 million of Sterling acquisition costs.
Adjusted diluted EPS was $0.17, down from $0.19; adjusted EBITDA was $46.6 million, down 4.1%.
Full-year 2024 guidance reaffirmed: revenues of $750 million to $800 million and adjusted diluted EPS of $0.88 to $0.98.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.