secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001517413-22-000118
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastly Q2 revenue $102.5M, record; raises FY22 guidance; names Todd Nightingale CEO
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- Revenue $102.5M, up 21% YoY, above high-end of guidance; GAAP net loss $16.4M vs $58.3M YoY.
- Repurchased $235M principal of convertible debt at 25% discount for $176.4M, reducing debt to $703.4M.
- Non-GAAP net loss per share $0.23, vs $0.15 YoY; GAAP gross margin 44.9% vs 52.6% YoY.
- NRR LTM 117% (up from 115% Q1); DBNER 120% (up from 118%); enterprise customers 471.
- CEO Todd Nightingale (from Cisco) effective Sept 1; FY22 revenue guidance raised to $415-425M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000118/0001517413-22-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000118/fsly-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001517413-22-000118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer