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Jun 30, 2020
Extreme Networks Q4 2020 Earnings Report
Revenue growth drove return to non-GAAP profitability and cash generation.
Key Takeaways
Extreme Networks reported its Q4 fiscal year 2020 financial results, showing a return to non-GAAP profitability and positive cash flow, despite a 15% year-over-year revenue decrease. Revenue reached $215.5 million, with non-GAAP EPS at $0.03. The company ended the quarter with $194 million in cash and cash equivalents.
Revenue was $215.5 million, a 15% decrease year-over-year but a 3% increase quarter-over-quarter.
GAAP EPS was $(0.18), down from $(0.14) in Q4 last year.
Non-GAAP EPS was $0.03, down from $0.06 in Q4 last year.
Free Cash Flow was $6.2 million.
Extreme Networks
Extreme Networks
Extreme Networks Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.com Forward Guidance
For its first quarter of fiscal 2021, ending September 30, 2020, the Company is targeting revenue between $220.0 million and $230.0 million.
Positive Outlook
- Targeting revenue between $220.0 million and $230.0 million.
- Targeting gross margin between 55.8% and 56.8% (GAAP) and between 59.0% and 60.0% (Non-GAAP).
- Targeting operating margin between (3.8)% and (2.0)% (GAAP) and between 4.2% and 5.8% (Non-GAAP).
- Targeting net loss between $(16.9) million and $(13.1) million (GAAP).
- Targeting net income between $0.7 million and $4.9 million (Non-GAAP).
Challenges Ahead
- Targeting operating expenses between $131.1 million and $135.1 million (GAAP).
- Targeting operating expenses between $120.6 million and $124.6 million (Non-GAAP).
- Targeting loss per basic share between $(0.14) and $(0.11) (GAAP).
- Shares outstanding used in calculating GAAP EPS is 121.7 million.
- Shares outstanding used in calculating non-GAAP EPS is 122.2 million.