EXTREME NETWORKS INC
For the period ended Jun 30, 2024. Filed Aug 16, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 16, 2024
EXTR$25.60+6.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share amounts)
| Year Ended | |||
|---|---|---|---|
| June 30,2024 | June 30,2023 | June 30, 2022 | |
| Net revenues: | |||
| Product | $699,257 | $932,454 | $761,721 |
| Subscription and support | 417,946 | 380,000 | 350,600 |
| Total net revenues | 1,117,203 | 1,312,454 | 1,112,321 |
| Cost of revenues: | |||
| Product | 365,759 | 426,295 | 360,562 |
| Subscription and support | 120,613 | 131,439 | 121,821 |
| Total cost of revenues | 486,372 | 557,734 | 482,383 |
| Gross profit: | |||
| Product | 333,498 | 506,159 | 401,159 |
| Subscription and support | 297,333 | 248,561 | 228,779 |
| Total gross profit | 630,831 | 754,720 | 629,938 |
| Operating expenses: | |||
| Research and development | 211,931 | 214,270 | 190,591 |
| Sales and marketing | 345,802 | 336,906 | 294,470 |
| General and administrative | 99,938 | 89,934 | 68,697 |
| Acquisition and integration costs | — | 390 | 7,009 |
| Restructuring and related charges | 36,321 | 2,860 | 1,748 |
| Amortization of intangible assets | 2,041 | 2,047 | 3,235 |
| Total operating expenses | 696,033 | 646,407 | 565,750 |
| Operating income (loss) | (65,202) | 108,313 | 64,188 |
| Interest income | 4,556 | 3,155 | 412 |
| Interest expense | (16,986) | (17,385) | (12,789) |
| Other income, net | 133 | 23 | 383 |
| Income (loss) before income taxes | (77,499) | 94,106 | 52,194 |
| Provision for income taxes | 8,465 | 16,032 | 7,923 |
| Net income (loss) | $(85,964) | $78,074 | $44,271 |
| Basic and diluted income (loss) per share: | |||
| Net income (loss) per share – basic | $(0.66) | $0.60 | $0.34 |
| Net income (loss) per share – diluted | $(0.66) | $0.58 | $0.33 |
| Shares used in per share calculation – basic | 129,288 | 129,473 | 129,437 |
| Shares used in per share calculation – diluted | 129,288 | 133,649 | 133,494 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.