secwatch / observer
8-K filed November 2, 2022, 7:59 PM ET ticker FSLY CIK 0001517413
earnings confidence high sentiment neutral materiality 0.75

Fastly Q3 record revenue $108.5M, beats guidance; GAAP net loss per share $0.52

Fastly, Inc.

2022-Q3 EPS reported -$1.19 revenue$313,404,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fastly, Inc. reported Fourth Quarter and Full Year 2022 results: revenue $112 - $116 million and $425 - $429 million, EPS ($0.15) - ($0.11) and ($0.67) - ($0.63). Guidance initiated.

Period
Fourth Quarter and Full Year 2022
Revenue
$112 - $116 million and $425 - $429 million
EPS
($0.15) - ($0.11) and ($0.67) - ($0.63)
Guidance
initiated
Result
guidance update
Exact text from the filing
Fourth Quarter and Full Year 2022 Guidance: Q4 2022 Full Year 2022 Total Revenue (millions) $112 - $116 $425 - $429 Non-GAAP Operating Loss (millions) (5) ($18.0) - ($14.0) ($82) - ($78) Non-GAAP Net Loss per share (6) (7) ($0.15) - ($0.11) ($0.67) - ($0.63)
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fastly, Inc. reported nine months ended September 30, 2022 results: revenue $313,404, EPS $(1.19).

Period
nine months ended September 30, 2022
Revenue
$313,404
EPS
$(1.19)
Result
reported results
Exact text from the filing
Revenue $ 108,504 $ 86,735 $ 313,404 $ 256,613 Gross Margin GAAP gross margin 48.6 % 52.4 % 47.0 % 53.6 % Non-GAAP gross margin 53.6 % 57.5 % 52.2 % 58.4 % Operating loss GAAP operating loss $ (65,765) $ (54,934) $ (197,737) $ (162,365) Non-GAAP operating loss $ (19,841) $ (12,935) $ (64,474) $ (43,400) Net loss per share GAAP net loss per common share—basic and diluted $ (0.52) $ (0.48) $ (1.19) $ (1.43) Non-GAAP net loss per common share—basic and diluted $ (0.14) $ (0.11) $ (0.52) $ (0.38)
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fastly, Inc. reported third quarter ended September 30, 2022 results: revenue $108.5 million, net income $63.4 million, EPS $0.52.

Period
third quarter ended September 30, 2022
Revenue
$108.5 million
Net income
$63.4 million
EPS
$0.52
Result
reported results
Exact text from the filing
Third Quarter 2022 Financial Summary • Total revenue of $108.5 million, representing 6% sequential growth and 25% year-over-year growth. • GAAP gross margin of 48.6%, compared to 52.4% in the third quarter of 2021. Non-GAAP gross margin of 53.6%, compared to 57.5% in the third quarter of 2021. • GAAP net loss of $63.4 million, compared to $56.2 million in the third quarter of 2021. Non-GAAP net loss of $16.8 million, compared to $13.2 million in the third quarter of 2021. • GAAP net loss per basic and diluted shares of $0.52 compared to $0.48 in the third quarter of 2021. Non-GAAP net loss per basic and diluted shares of $0.14, compared to $0.11 in the third quarter of 2021.
View on SEC.gov

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Fastly, Inc. filing history →

Source: SEC EDGAR
accession 0001517413-22-000157
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