Extreme networks, inc. (EXTR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Net revenues:
Total net revenues

209,519

267,472

255,506

252,359

250,864

252,680

239,886

278,300

262,004

231,123

211,715

178,907

149,196

156,377

122,604

131,062

124,886

139,305

124,581

149,868

119,590

147,208

136,274

155,293

141,762

146,583

75,916

79,462

68,203

75,551

76,127

87,648

73,368

82,812

78,894

89,761

75,699

85,131

83,837

Cost of revenues:
Total cost of revenues

98,184

118,801

118,263

113,413

111,945

111,381

107,815

128,133

119,021

102,137

99,334

76,292

66,392

76,725

56,718

63,772

62,166

69,030

59,463

73,544

61,866

72,046

65,747

72,371

70,907

76,738

32,209

35,487

30,266

34,812

36,152

38,816

32,157

36,544

35,358

41,181

39,136

37,150

37,000

Gross profit:
Total gross profit

111,335

148,671

137,243

138,946

138,919

141,299

132,071

150,167

142,983

128,986

112,381

102,615

82,804

79,652

65,886

67,290

62,720

70,275

65,118

76,324

57,724

75,162

70,527

82,922

70,855

69,845

43,707

43,975

37,937

40,739

39,975

48,832

41,211

46,268

43,536

48,580

36,563

47,981

46,837

Operating expenses:
Research and development

50,577

55,380

59,116

54,606

52,081

52,204

51,241

52,765

50,920

45,907

34,285

26,721

24,691

24,013

18,299

18,885

18,852

20,716

20,268

22,242

23,858

24,000

23,347

24,048

24,265

18,896

9,937

9,567

9,381

11,007

10,566

11,774

10,376

11,082

12,408

13,204

11,237

12,028

12,861

Sales and marketing

70,132

75,436

71,357

77,081

72,321

68,342

67,582

73,647

72,240

65,659

55,561

45,952

38,790

41,025

36,859

38,458

38,322

37,058

36,062

41,323

39,226

43,971

44,779

48,633

44,703

40,636

22,694

22,438

20,644

22,093

22,027

24,655

20,657

22,734

22,121

28,454

24,830

25,087

24,906

General and administrative

15,119

15,098

14,982

13,487

15,479

13,886

12,771

15,427

11,707

11,669

12,185

10,568

9,612

9,397

8,287

9,767

8,957

9,775

9,176

11,001

9,711

10,306

11,074

11,511

11,178

11,189

6,934

8,436

6,288

6,644

5,357

6,881

7,553

7,954

6,270

6,069

6,066

5,963

6,585

Acquisition and integration costs

5,156

8,994

15,925

831

0

67

2,546

6,225

9,316

34,115

4,244

3,197

3,418

4,169

2,321

-12

12

807

338

922

1,725

3,500

4,058

6,890

6,443

8,688

3,695

0

0

0

0

-

-

-

-

-

-

-

-

Restructuring charges, net of reversals and impairment

6,600

6,600

6,100

3,808

0

474

808

-

4,920

-

-

-

7,719

1,853

-

998

1,358

3,031

5,603

-

-

-

0

11

-6

430

75

594

1,076

5,176

-10

237

-35

437

955

2,763

1,043

0

0

Amortization of intangibles

2,059

2,377

1,930

1,338

1,292

1,575

2,141

2,254

2,101

2,746

1,614

1,192

1,193

2,175

4,142

4,141

4,142

4,251

4,467

4,468

4,467

4,467

4,467

5,267

7,666

3,778

0

-

0

0

-

-

-

-

-

-

-

-

-

Litigation settlement (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,450

-421

-

-

0

0

-

-

49

4,200

-

Gain on sale of facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

11,537

-

0

0

0

-

-

-

-

Total operating expenses

149,691

163,907

169,447

151,151

141,173

136,548

137,089

153,538

151,204

160,096

107,889

86,954

85,423

82,632

69,908

72,249

71,631

75,638

75,914

89,775

78,987

86,244

87,725

96,360

94,249

83,617

43,335

41,033

39,839

44,499

26,403

43,426

38,551

42,207

41,754

50,490

43,127

38,878

44,352

Operating loss

-38,356

-15,236

-32,204

-12,205

-2,254

4,751

-5,018

-3,371

-8,221

-31,110

4,492

15,661

-2,619

-2,980

-4,022

-4,959

-8,911

-5,363

-10,796

-13,451

-21,263

-11,082

-17,198

-13,438

-23,394

-13,772

372

2,942

-1,902

-3,760

13,572

5,406

2,660

4,061

1,782

-1,910

-6,564

9,103

2,485

Interest income

222

477

667

567

628

643

394

743

740

717

647

315

236

81

57

29

28

29

27

70

129

196

146

148

156

172

275

284

256

261

269

310

294

342

293

345

298

332

329

Interest expense

5,979

6,234

5,164

3,009

2,996

3,066

3,526

5,160

4,044

2,504

2,215

1,086

1,177

1,176

647

694

769

809

826

758

758

825

836

797

764

524

0

-2

0

1

1

0

0

38

37

37

36

29

30

Other income (expense), net

1,318

-748

558

-438

-433

-399

487

514

-359

-643

3,127

-598

-251

1,025

-223

174

-266

112

967

-173

-535

-64

-434

-217

-146

-937

-255

242

-165

-300

-348

2,050

-73

-39

57

-253

-161

117

-277

Loss before income taxes

-42,795

-21,741

-36,143

-15,085

-5,055

1,929

-7,663

-7,274

-11,884

-33,540

6,051

14,292

-3,811

-3,050

-4,835

-5,450

-9,918

-6,031

-10,628

-14,312

-22,427

-11,775

-18,322

-14,304

-24,148

-15,061

392

3,470

-1,811

-3,800

13,492

7,766

2,881

4,326

2,095

-1,855

-6,463

9,523

2,507

Provision (benefit) for income taxes

1,600

1,800

1,600

1,979

1,900

-5,300

1,400

-1,642

1,729

-1,617

1,675

1,088

1,166

1,179

907

1,369

866

1,203

898

1,348

1,121

1,330

1,008

1,927

910

925

427

286

409

406

577

-44

509

219

512

232

378

594

-205

Net loss

-44,352

-23,538

-37,738

-17,055

-6,932

7,199

-9,065

-5,632

-13,613

-31,923

4,376

13,204

-4,977

-4,229

-5,742

-6,819

-10,784

-7,234

-11,526

-15,660

-23,548

-13,105

-19,330

-16,231

-25,058

-15,986

-35

3,184

-2,220

-4,206

12,915

7,810

2,372

4,107

1,583

-2,087

-6,841

8,929

2,712

Basic and diluted net loss per share:
Net loss per share - basic and diluted

-0.37

-

-

-

-0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares used in per share calculation - basic and diluted

119,162

-

-

-

117,944

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per share - basic

-

-0.20

-0.31

-

-

0.06

-0.08

-0.05

-0.12

-0.28

0.04

0.12

-0.05

-0.04

-0.05

-0.07

-0.10

-0.07

-0.11

-0.15

-0.24

-0.13

-0.20

-0.17

-0.26

-0.17

0.00

0.02

-0.02

-0.04

0.14

0.08

0.03

0.04

0.02

-0.03

-0.07

0.10

0.03

Net (loss) income per share - diluted

-

-0.20

-0.31

-

-

0.06

-0.08

-0.05

-0.12

-0.28

0.04

0.12

-0.05

-0.04

-0.05

-0.07

-0.10

-0.07

-0.11

-0.15

-0.24

-0.13

-0.20

-0.17

-0.26

-0.17

0.00

0.02

-0.02

-0.04

0.14

0.08

0.03

0.04

0.02

-0.03

-0.07

0.10

0.03

Shares used in per share calculation - basic

-

119,555

120,226

-

-

117,544

117,368

115,963

115,059

113,621

112,241

110,499

109,213

107,425

105,955

104,838

104,104

102,369

100,985

100,226

99,783

98,677

97,314

96,713

96,069

95,216

94,062

93,609

92,968

94,501

94,738

94,130

93,659

93,247

92,768

92,931

91,578

90,878

90,305

Shares used in per share calculation - diluted

-

119,555

120,226

-

-

119,544

117,368

109,773

115,059

113,621

118,431

110,499

109,213

107,425

105,955

104,838

104,104

102,369

100,985

100,226

99,783

98,677

97,314

96,713

96,069

95,216

94,062

97,208

92,968

94,501

95,499

95,187

94,600

94,118

94,055

97,718

91,578

91,274

90,610

Product
Total net revenues

136,547

190,492

185,134

189,544

190,740

189,567

177,720

221,304

203,527

174,850

164,774

140,956

111,321

118,055

90,093

97,462

92,711

105,355

91,381

116,346

86,527

112,501

102,672

121,760

109,891

119,065

61,045

64,505

54,072

60,259

61,119

72,557

58,009

68,094

63,213

73,776

61,065

70,334

69,213

Total cost of revenues

71,927

91,387

91,391

89,312

86,876

86,487

83,543

104,060

94,485

78,472

80,045

61,070

52,275

62,627

44,249

51,292

50,240

57,103

46,934

60,736

49,761

60,496

54,025

60,561

58,703

66,893

27,516

30,803

25,206

29,377

30,476

33,305

26,623

30,821

29,478

34,771

33,062

30,893

30,830

Total gross profit

64,620

99,105

93,743

100,232

103,864

103,080

94,177

117,244

109,042

96,378

84,729

79,886

59,046

55,428

45,844

46,170

42,471

48,252

44,447

55,610

36,766

52,005

48,647

61,199

51,188

52,172

33,529

33,702

28,866

30,882

30,643

39,252

31,386

37,273

33,735

39,005

28,003

39,441

38,383

Service
Total net revenues

72,972

76,980

70,372

62,815

60,124

63,113

62,166

56,996

58,477

56,273

46,941

37,951

37,875

38,322

32,511

33,600

32,175

33,950

33,200

33,522

33,063

34,707

33,602

33,533

31,871

27,518

14,871

14,957

14,131

15,292

15,008

15,091

15,359

14,718

15,681

15,985

14,634

14,797

14,624

Total cost of revenues

26,257

27,414

26,872

24,101

25,069

24,894

24,272

24,073

24,536

23,665

19,289

15,222

14,117

14,098

12,469

12,480

11,926

11,927

12,529

12,808

12,105

11,550

11,722

11,810

12,204

9,845

4,693

4,684

5,060

5,435

5,676

5,511

5,534

5,723

5,880

6,410

6,074

6,257

6,170

Total gross profit

46,715

49,566

43,500

38,714

35,055

38,219

37,894

32,923

33,941

32,608

27,652

22,729

23,758

24,224

20,042

21,120

20,249

22,023

20,671

20,714

20,958

23,157

21,880

21,723

19,667

17,673

10,178

10,273

9,071

9,857

9,332

9,580

9,825

8,995

9,801

9,575

8,560

8,540

8,454