SEC Comment Letter 0000000000-24-000962 to 8X8 INC /DE/ (EGHT) (CIK 0001023731) (EGHT)
8X8 INC /DE/ (EGHT) (CIK 0001023731)
Date: Jan. 24, 2024 · CIK: 0001023731 · Accession: 0000000000-24-000962
AI Filing Summary & Sentiment
File numbers found in text: 001-38312
Letter
United States securities and exchange commission logo January 24, 2024 Kevin Kraus Chief Financial Officer 8X8 Inc. 675 Creekside Way Campbell, CA 95008 Re:8X8 Inc. Form 10-K for the Year Ended March 31, 2023 Form 10-Q for the Quarter Ended September 30, 2023 File No. 001-38312 Dear Kevin Kraus: We have reviewed your January 17, 2024 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to our January 3, 2024 letter. Form 10-Q for the Quarter Ended September 30, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Summary and Outlook, page 19 1.We note from your response to prior comment 2 that in fiscal 2024, you began evaluating your operational performance based on change in ARR by customer size category and not specific customer counts. We also note that you rely on the growth percentage within the specific ARR customer size categories (i.e. enterprise, mid-market and small business) as a measure of potential future performance. Please confirm that you will include a discussion of period-over-period change in ARR by customer size category in future filings. In this regard, you refer here to the increase in enterprise customer ARR from fiscal 2019 to fiscal 2024 without discussing the decrease in enterprise ARR from the comparable period in fiscal 2023. Similarly, you refer to the percentage of ARR for small business customers in fiscal 2024 only and do not specifically discuss the percentage of ARR from mid-market customers for either period.
FirstName LastNameKevin Kraus Comapany Name8X8 Inc. January 24, 2024 Page 2 FirstName LastName Kevin Kraus 8X8 Inc. January 24, 2024 Page 2
Please contact Dave Edgar at 202-551-3459 or Kathleen Collins at 202-551-3499 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Technology cc: Suzy Seandel
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United States securities and exchange commission logo
January 24, 2024
Kevin Kraus
Chief Financial Officer
8X8 Inc.
675 Creekside Way
Campbell, CA 95008
Re:8X8 Inc.
Form 10-K for the Year Ended March 31, 2023
Form 10-Q for the Quarter Ended September 30, 2023
File No. 001-38312
Dear Kevin Kraus:
We have reviewed your January 17, 2024 response to our comment letter and have the
following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to our January 3, 2024 letter.
Form 10-Q for the Quarter Ended September 30, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations
Summary and Outlook, page 19
1.We note from your response to prior comment 2 that in fiscal 2024, you began evaluating
your operational performance based on change in ARR by customer size category and not
specific customer counts. We also note that you rely on the growth percentage within the
specific ARR customer size categories (i.e. enterprise, mid-market and small business) as
a measure of potential future performance. Please confirm that you will include a
discussion of period-over-period change in ARR by customer size category in future
filings. In this regard, you refer here to the increase in enterprise customer ARR from
fiscal 2019 to fiscal 2024 without discussing the decrease in enterprise ARR from the
comparable period in fiscal 2023. Similarly, you refer to the percentage of ARR for small
business customers in fiscal 2024 only and do not specifically discuss the percentage of
ARR from mid-market customers for either period.
FirstName LastNameKevin Kraus
Comapany Name8X8 Inc.
January 24, 2024 Page 2
FirstName LastName
Kevin Kraus
8X8 Inc.
January 24, 2024
Page 2
Please contact Dave Edgar at 202-551-3459 or Kathleen Collins at 202-551-3499 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Suzy Seandel