We have spoken in the past about our focus of expense management driving efficiencies across the organization. In the spring, it became clear that we needed to do more structurally and evolve how we operate. As a result, we began working on a transformational cost initiative that we will provide an update in November.

Aug 7, 2024 / receipt, needs a key / Sayori Casey, CFO | earnings call 2024-08-07 | transcript d4eada53-da78-4a26-acad-f8a61d094a12 | chars 15360-15679 | segment 15

And like others, we've seen the shift in spend away from consumer goods to travel and services as people emerge from the pandemic.

Aug 9, 2023 / receipt, needs a key / Eddie Lazarus, CFO | earnings call 2023-08-09 | transcript 61220c18-fb3d-4af4-b6df-0267f32eab08 | chars 8438-8568 | segment 8

And like others, we've seen the shift in spend away from consumer goods to travel and services as people emerge from the pandemic.

May 10, 2023 / receipt, needs a key / Patrick Spence, CEO | earnings call 2023-05-10 | transcript 0dfe4a21-4a53-4500-9724-9320b5d113e9 | chars 8419-8549 | segment 8

Consumer spending was rather tepid, especially as the pendulum has swung away from goods and towards travel and services, as the consumer enjoys some of the activities that they were deprived of during the pandemic.

Feb 8, 2023 / receipt, needs a key / Patrick Spence, CEO | earnings call 2023-02-08 | transcript 009f19b7-4050-45c6-a272-a6679d32fd4e | chars 3340-3555 | segment 3

Despite the importance of continuing to invest in our long-term roadmap for the amazing products we expect to deliver in 23 and beyond, we are taking cost actions given the change in the forecast. This includes pausing our hiring, our travel, and making other adjustments to OpEx as we look at Q4 and fiscal year 23.

Aug 10, 2022 / receipt, needs a key / Brittany, CFO | earnings call 2022-08-10 | transcript 52660f9c-2dfc-4100-8a83-d7832dd7c4fc | chars 15571-15887 | segment 16

We believe this is in part a reflection of consumers shifting their near-term focus from goods to services and travel.

Aug 10, 2022 / receipt, needs a key / Patrick Spang, CEO | earnings call 2022-08-10 | transcript 52660f9c-2dfc-4100-8a83-d7832dd7c4fc | chars 3259-3377 | segment 3

Geographic Expansion Global footprint via products, partnerships, and local relevance

ir_statement / Sep 17, 2026 / receipt

Non-GAAP OpEx $135M +3% YoY In-line with Q1 & Q2 (~$137M). YoY growth due to higher R&D spend, grew ~600bps slower than revenue.

ir_statement / Sep 17, 2026 / receipt

strong growth from EMEA and APAC

ir_statement / Sep 17, 2026 / receipt

Includes $4M restructuring

ir_statement / Sep 17, 2026 / receipt

strong double digit growth from EMEA and APAC

ir_statement / Sep 17, 2026 / receipt

GAAP G&A flat primarily due to comp over prior year restructuring offset by higher legal spend

ir_statement / Sep 17, 2026 / receipt

GAAP R&D growth driven by $4M in restructuring costs and higher employee compensation costs

ir_statement / Sep 17, 2026 / receipt

GAAP S&M reduction primarily driven by lower depreciation related to in-store displays and comp over prior year restructuring

ir_statement / Sep 17, 2026 / receipt

SBC -20% YoY driven by savings from headcount reductions and delayering as well as comp over prior year restructuring of $1M

ir_statement / Sep 17, 2026 / receipt

unfavorable net working capital, which included a $20M cash outlay related to components

ir_statement / Sep 17, 2026 / receipt

Adjusted EBITDA positive $3M at midpoint, reduced by $35M million YoY due to expected impact of higher memory, ex. this would be up nearly 6x to $38M

ir_statement / Sep 17, 2026 / receipt

Non-GAAP EPS expected to improve YoY at midpoint

ir_statement / Sep 17, 2026 / receipt