EXTR — what changed in the latest 10-Q
A section-by-section comparison of EXTR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-04-30 vs the prior 10-Q · 2026-01-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −15 | ~47 | 49 |
| Market risk (Item 3) | Text added/removed | +1 | −3 | ~4 | 2 |
| Controls & procedures | Text added/removed | +3 | −2 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-04-30
Management uses certain supplemental operational metrics, including SaaS annual recurring revenue (“SaaS ARR”), to provide insight into trends in customer relationships over time, including customer acquisition, retention, and expansion of subscription offerings.
SaaS ARR represents the annualized value of our subscription offerings and the renewable, term-based license portion of software license arrangements. SaaS ARR excludes perpetual licenses, upfront license fees, variable or non-recurring revenue, professional services revenue, support revenue from ma…
As of March 31, 2026, our SaaS ARR was $236.4 million, which was 28.6% higher than SaaS ARR of $184.0 million as of March 31, 2025. The increase in SaaS ARR was primarily due to increased adoption of our cloud network management solutions and continued growth in our subscription business.
During the third quarter of fiscal 2026, we achieved the following results:
Net revenues of $316.9 million compared to $284.5 million in the third quarter of fiscal 2025.
Text removed vs the prior filing · source: 10-Q · 2026-01-29
During the second quarter of fiscal 2026, we achieved the following results:
Net revenues of $317.9 million compared to $279.4 million in the second quarter of fiscal 2025.
Product revenues of $197.8 million compared to $172.3 million in the second quarter of fiscal 2025.
Subscription and support revenues of $120.2 million compared to $107.1 million in the second quarter of fiscal 2025.
Total gross margin of 61.4% of net revenues compared to 62.7% of net revenues in the second quarter of fiscal 2025.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-04-30
For the three months ended March 31, 2026 and 2025, we recognized foreign currency transaction net gains of $1.9 million and foreign currency transaction net losses of $0.9 million, respectively, and for the nine months ended March 31, 2026 and 2025, we recognized foreign currency transaction net ga…
Text removed vs the prior filing · source: 10-Q · 2026-01-29
* The underlying interest rate was 5.92% as of December 31, 2025.
had a total notional principal amount of $55.1 million. As of December 31, 2024, there were no outstanding zero-cost collar contracts that were designated as hedging instruments.
For the three months ended December 31, 2025 and 2024, we recognized foreign currency transaction net losses of less than $0.1 million and foreign currency transaction net gains of $2.8 million, respectively, and for the six months ended December 31, 2025 and 2024, the Company recognized foreign cur…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-04-30
During the three months ended March 31, 2026, the Company completed the implementation of a new enterprise resource planning (“ERP”) system. As a result of this implementation, the Company made certain changes to its internal control over financial reporting related to the associated processes. The …
Other than changes resulting from the ERP implementation, there were no changes in our internal control over financial reporting (as defined in Rules 13a–15(f) and 15d–15(f) under the Securities Exchange Act of 1934, as amended) during the three months ended March 31, 2026 that have materially affec…
Our management, including the CEO and CFO, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance t…
Text removed vs the prior filing · source: 10-Q · 2026-01-29
There were no changes in our internal control over financial reporting (as defined in Rules 13a–15(f) and 15d–15(f) under the Securities Exchange Act of 1934, as amended) during the three months ended December 31, 2025 that have materially affected, or are reasonably likely to materially affect, our…
Our management, including the CEO and CFO, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all error and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance th…
Other information
Text added vs the prior filing · source: 10-Q · 2026-04-30
Rule 10b5-1 Trading Plans of Directors and Section 16 Officers
During the three months ended March 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (each as defined in Item 408(a) of Regulation S-K under the …
Text removed vs the prior filing · source: 10-Q · 2026-01-29
During the three months ended December 31, 2025, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (each as defined in Item 408(a) of Regulation S-K under t…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice