Extreme Networks Expects FY24 Net Revenue of $1.1105B-$1.1205B Vs $1.125B Est, Adj EPS of $0.51-$0.55 Vs $0.57 Est

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Extreme Networks, Inc.

EXTR

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Business Outlook:

Extreme's business outlook is based on current expectations. The following statements are forward-looking, and actual results could differ materially based on various factors, including market conditions and the factors set forth under "Forward-Looking Statements" below.

For its fourth quarter and full year of fiscal 2024, ending June 30, 2024, the Company is targeting:

(in millions, except percentages and per share information)	GAAP	Non-GAAP
FQ4'24 Guidance
Total net revenue	$250.0 - $260.0	$250.0 - $260.0
Gross margin	60.9% - 62.9%	61.6% - 63.6%
Operating margin	(3.8%) - (0.9%)	9.0% - 11.5%
Earnings per diluted share	($0.11) - ($0.05)	$0.11 - $0.15
Shares outstanding used in calculating diluted EPS	130.1	131.1
FY'24 Guidance
Total net revenue	$1,110.5 - $1,120.5	$1,110.5 - $1,120.5
Gross margin	60.2% - 60.6%	60.9% -61.4%
Operating margin	(2.4%) - (1.7%)	9.3% - 9.9%
Earnings per diluted share	($0.35) - ($0.30)	$0.51 - $0.55
Shares outstanding used in calculating diluted EPS	129.3	131.6

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