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AI brief of an SEC Form 8-K · Extreme Networks (EXTR)

Extreme Networks Q3 revenue down 36.5% to $211.0 million; GAAP loss of $0.50 a share

Negative Impact 4 of 5 earnings Written later

Extreme Networks reported fiscal third-quarter 2024 results for the quarter ended March 31, 2024. Revenue fell 36.5% year over year to $211.0 million, and the company posted a GAAP net loss of $64.4 million, or $0.50 per diluted share, compared with earnings of $0.17 per share a year earlier. For shareholders, the sharp revenue decline and loss weigh on the results, though the company guided to sequential revenue growth of $250.0 million to $260.0 million for the fourth quarter.

Key points

  • Revenue was $211.0 million, down from $332.5 million a year earlier; SaaS ARR rose 38.0% to $162.0 million
  • GAAP net loss was $64.4 million ($0.50 per diluted share), versus net income of $22.1 million a year earlier
  • Quarter-end cash was $151.0 million; free cash flow was negative $73.6 million for the quarter
  • Fourth-quarter fiscal 2024 revenue guidance is $250.0 million to $260.0 million; GAAP EPS guidance is ($0.11) to ($0.05)

The filing

CompanyExtreme Networks (EXTR)
Form8-K, current report
Filed with the SECMay 1, 2024, 7:11 AM ET
Accession number0000950170-24-050891

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.

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.