Every material Form 8-K NETSCOUT Systems filed with the SEC in 2024, 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). Newest first; each brief links to its own page and to the filing on SEC.gov.
NETSCOUT reported second-quarter fiscal 2025 revenue of $191.1 million, down from $196.8 million a year earlier, and GAAP net income of $9.0 million, or $0.13 per diluted share, versus $21.5 million, or $0.29, in the prior-year quarter. The company left its fiscal 2025 revenue and non-GAAP EPS outlook unchanged and narrowed its GAAP net loss per share range, which reflects restructuring charges under its Voluntary Separation Program.
Q2 fiscal 2025 revenue was $191.1 million, compared with $196.8 million in Q2 fiscal 2024.
GAAP net income was $9.0 million, or $0.13 per diluted share, including a $2.4 million restructuring charge; non-GAAP net income was $33.6 million, or $0.47 per diluted share.
Fiscal 2025 revenue outlook remains $800 million to $830 million and non-GAAP EPS outlook remains $2.10 to $2.30.
GAAP net loss per share outlook is now ($5.22) to ($5.01), versus ($5.28) to ($5.03) previously; the Voluntary Separation Program is expected to reduce about 145 employees.
NetScout Systems entered into a third amendment and restatement of its credit agreement, providing a new five-year, $600 million senior secured revolving credit facility maturing October 4, 2029. The facility can be used for working capital, general corporate purposes, refinancing existing revolving loans, and repurchasing common stock, and it is secured by substantially all company and subsidiary-guarantor assets.
New $600 million senior secured revolving credit facility with a $75 million letter of credit sub-facility
Commitments expire and any outstanding loans are due on October 4, 2029
Initial SOFR margin of 1.00% and commitment fee of 0.15% until financials for the quarter ended September 30, 2024 are delivered; both then vary with the gross leverage ratio
Covenants include a maximum consolidated net leverage ratio of 4.00 to 1.00, with an option to rise to 4.50 to 1.00 after qualifying acquisitions
At its annual meeting on September 12, 2024, NetScout stockholders approved an amendment increasing by 3,400,000 the shares of common stock authorized for issuance under the 2019 Equity Incentive Plan, which took effect immediately. Stockholders also re-elected Alfred Grasso, Shannon Nash, and Vivian Vitale as Class I directors, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as auditor for the fiscal year ending March 31, 2025.
Amended 2019 Equity Incentive Plan approved with 45,807,491 For and 10,643,739 Against votes; the plan takes effect immediately.
Plan's authorized share count increased by 3,400,000 shares of common stock.
Alfred Grasso, Shannon Nash, and Vivian Vitale elected as Class I directors, each to a term ending at the 2027 annual meeting.
PricewaterhouseCoopers LLP ratified as independent auditor with 58,967,493 For and 4,577,982 Against votes.
NETSCOUT reported first-quarter fiscal 2025 revenue of $174.6 million, down from $211.1 million a year earlier, and a GAAP net loss of $443.4 million, or $6.20 per share, driven by a $427.0 million non-cash goodwill impairment and a $16.6 million restructuring charge. The company cut its fiscal 2025 GAAP net loss per share guidance to ($5.28) to ($5.03) from a prior GAAP net income range of $0.58 to $0.82, while revenue guidance of $800 million to $830 million and non-GAAP EPS guidance of $2.10 to $2.30 were unchanged.
Q1 FY25 revenue was $174.6 million versus $211.1 million in Q1 FY24; non-GAAP net income was $20.6 million, or $0.28 per share, versus $0.31 per share a year earlier
GAAP net loss was $443.4 million, or $6.20 per share, including a $427.0 million goodwill impairment and a $16.6 million restructuring charge
FY25 GAAP net loss per share guidance is now ($5.28) to ($5.03), versus a prior GAAP net income range of $0.58 to $0.82
Voluntary Separation Program is expected to reduce about 150 employees and generate net annual run-rate savings of $25 million to $27 million
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
NETSCOUT reported third-quarter fiscal 2024 revenue of $218.1 million, down from $269.5 million a year earlier, and a GAAP net loss of $132.6 million that includes a $167.1 million non-cash goodwill impairment charge. The company now expects fiscal 2024 revenue at the low end of its previously disclosed $840 million to $860 million range and a GAAP loss per share of ($1.29) to ($1.24), while non-GAAP EPS is expected at the higher end of its range. For shareholders, the quarter shows lower sales and a large GAAP loss, while non-GAAP profit expectations held up.
Q3 fiscal 2024 revenue was $218.1 million, compared with $269.5 million in Q3 fiscal 2023.
Q3 GAAP net loss was $132.6 million, or ($1.87) per diluted share, including the $167.1 million goodwill impairment; non-GAAP net income was $52.0 million, or $0.73 per share.
Fiscal 2024 revenue is now expected at about $840 million, the low end of the $840 million to $860 million range; GAAP loss per share is now expected at ($1.29) to ($1.24), versus a prior range of $0.69 to $0.89.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NETSCOUT Systems filing is on SEC EDGAR ↗. 8-K briefs of other companies →