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Sep 30, 2020
Extreme Networks Q1 2021 Earnings Report
Reported year-over-year growth in operating profit and cash flow.
Key Takeaways
Extreme Networks reported Q1 fiscal year 2021 financial results with revenue of $235.8 million, down 8% year-over-year, and non-GAAP EPS of $0.09, up from $0.07 in Q1 last year. The company has paid down $40 million in revolving debt.
Revenue $235.8 million, down 8% year-over-year and up 9% quarter-over-quarter
GAAP EPS $(0.07), up from ($0.31) in Q1 last year
Non-GAAP EPS $0.09, up from $0.07 in Q1 last year
Free Cash Flow of $21.7 million
Revenue by Segment
Forward Guidance
For its second quarter of fiscal 2021, ending December 31, 2020, the Company is targeting:
Positive Outlook
- Total Net Revenue between $235.0 million and $245.0 million
- Gross Margin between 56.8 % and 57.5 %
- Operating Margin between (0.4 )% and 1.4 %
- Net Loss between $(9.2 ) million and $(4.3 ) million
- Net Loss per basic share between $(0.07 ) and $(0.03 )
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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