secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001517413-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastly Q4 revenue $119.3M beats guidance; FY23 revenue guidance $495-505M
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- Q4 record revenue $119.3M (+22% YoY); full year $432.7M (+22% YoY). GAAP gross margin 52.4%, up 380 bps seq.
- GAAP net loss $46.7M ($0.38/sh); non-GAAP net loss $9.5M ($0.08/sh), improved from $0.10 YoY.
- Q1 2023 revenue guidance $114-117M; full year $495-505M. Non-GAAP op loss guide $(18)-(16)M for Q1.
- LTM net retention rate 119% (up from 118% in Q3); enterprise customers 493 (up 11 qoq), avg spend $782K.
- Appointed Puja Jaspal as CPO from Cisco; Glitch acquisition extended developer community to 2M developers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741323000007/0001517413-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741323000007/fsly-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001517413-23-000007

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