Revenue Performance - Fourth quarter service revenue was 172million,andtotalrevenuewas177 million, reflecting a 2% decrease from the previous year[1]. - Fiscal year 2025 service revenue totaled 693million,withtotalrevenueat715 million, down from 728.7millioninfiscal2024[7].−TotalrevenueforQ12025was177.043 million, a decrease of 1.9% from 179.413millioninQ12024[32].−ServicerevenueforQ12025was171.588 million, down from 172.490millioninQ12024,reflectingadeclineof0.5120.052 million, compared to 122.444millioninQ12024,indicatingadecreaseof2.015.2 million compared to a loss of 27.6millioninfiscal2024[7].−Non−GAAPoperatingprofitdecreasedby1778.4 million from 94.7millioninfiscal2024[7].−Non−GAAPoperatingprofitforQ12025was419 thousand, compared to a loss of 14.219millioninQ12024[32].−ThenetlossfortheyearendedMarch31,2025,was27,212,000, an improvement from a net loss of 67,592,000in2024[37].−GAAPnetlossforthethreemonthsendedMarch31,2025,was5,401,000, representing 3.1% of total revenue, compared to a loss of 23,591,000(13.164 million, with 5.9millioninthefourthquarter[1][7].−Cashandcashequivalentsdecreasedto88.050 million as of March 31, 2025, down from 116.262millionayearearlier[34].−NetcashprovidedbyoperatingactivitiesfortheyearendedMarch31,2025,was63,554,000, a decrease from 78,985,000in2024[37].−Cash,cashequivalents,andrestrictedcashattheendoftheyearwas89,324,000, down from 116,723,000atthebeginningoftheyear[37].DebtandLiabilities−Thetotalprincipalamountofdebtoutstandingdecreasedto353.9 million from 426.9millionattheendoffiscal2024[10].−Totalliabilitiesdecreasedto560.973 million as of March 31, 2025, down from 654.021millionayearearlier[34].−Thecompanyincurred273,000,000 in principal repayment on term loans during the year ended March 31, 2025[37]. Future Projections - The company expects first quarter fiscal 2026 service revenue to be between 170millionand175 million, and total revenue between 175millionand182 million[17]. - Non-GAAP net income per share for fiscal year 2026 is projected to be between 0.34and0.37, based on approximately 144 million shares[17]. Operational Developments - The company is focused on upgrading remaining customers on the Fuze service platform, expecting completion by the end of calendar year 2025[2]. - New AI-powered features have been introduced across the 8x8 Platform for CX to enhance customer engagement and operational efficiency[9][11]. Stock-Based Compensation and Expenses - Stock-based compensation expense for the year ended March 31, 2025, was 39,940,000,adecreasefrom61,910,000 in 2024[37]. - Stock-based compensation expense for the three months ended March 31, 2025, was 8,615,000,downfrom15,865,000 in the same period last year[40]. Comprehensive Loss - The company reported a comprehensive loss of 1.642millionforQ12025,comparedtoacomprehensivelossof25.606 million in Q1 2024[32].
8x8(EGHT)2025-05-19 20:10