"We've seen a substantial reduction in our non-GAAP cost structure, with cost reductions totaling more than $47 million from fiscal 2023."
— Samuel Wilson, CEO
03Detailed Report
EGHT
8x8 Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 28, 2026
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Executive Summary
In the fourth quarter of fiscal 2024, 8x8 Inc (EGHT) reported total revenue of $179.4 million, slightly down from the previous quarter. Despite this decline, the company exceeded its guidance for operating margins, reflecting effective cost management and operational efficiency. The net loss for the quarter was $23.6 million, resulting in a diluted EPS of -$0.19. CEO Samuel Wilson highlighted significant strides in innovation and product expansion, underpinning a confident outlook for future growth. Management expects to return to revenue growth by the fourth quarter of fiscal 2025, focusing on strengthening sales productivity and enhancing product offerings, particularly within the Communications Platform as a Service (CPaaS) segment.
Key Performance Indicators
Revenue
Decreasing
179.41M
QoQ: -0.88% | YoY: -2.77%
Gross Profit
Decreasing
122.44M
68.25% margin
QoQ: -1.92% | YoY: -5.28%
Operating Income
Decreasing
-14.22M
QoQ: -51.41% | YoY: -502.46%
Net Income
Decreasing
-23.59M
QoQ: -11.16% | YoY: -150.14%
EPS
Decreasing
-0.19
QoQ: -11.76% | YoY: -131.43%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance:
- Total Revenue: $179.4 million, down 0.88% QoQ and down 2.77% YoY.
- Net Income: -$23.6 million, reflecting ongoing challenges but consistent with the planned strategic transition.
- Diluted EPS: -$0.19.
Cost Efficiency:
- Operating Income Margin: -7.92%, an improvement compared to previous quarters, indicating effective cost management.
- Operating Expenses: Reduced by over $47 million YoY, reflecting a streamlined cost structure.
Cash Flow:
- Cash Flow from Operations (CFFO): $12.7 million for the quarter, a 62% increase from fiscal 2023, marking 13 consecutive quarters of positive cash flow.
- Ending Cash Balance: $118 million, after significant debt repayments, enhancing liquidity and financial flexibility.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
179.41M
-2.77%
-0.88%
Gross Profit
122.44M
-5.28%
-1.92%
Operating Income
-14.22M
-502.46%
-51.41%
Net Income
-23.59M
-150.14%
-11.16%
EPS
-0.19
-131.43%
-11.76%
Key Financial Ratios
Gross Profit Margin
Excellent
68.20%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
-0.08%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.13%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.03%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.23%
Return on equity suggests inefficient capital allocation
Current Ratio
Adequate
1.44
Current ratio meets minimum requirements but limited cushion
Debt to Equity
High Risk
4.68
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Negative
-3.53x
Negative earnings make P/E ratio not meaningful
Price to Book
Premium
3.27x
Trading at premium to book value, reflects strong intangibles or growth
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