secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001517413-23-000091
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastly beats Q1 revenue guidance; net loss narrows to $44.7M
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- Revenue $117.6M (+15% YoY) exceeded high-end of Q1 guidance.
- GAAP net loss $44.7M ($0.36/sh) vs $64.3M ($0.54/sh) YoY.
- Non-GAAP net loss $10.8M ($0.09/sh) vs $18.0M ($0.15/sh) YoY.
- LTM net retention rate 116% (down from 119%); DBNER 121% (down from 123%).
- Q2 revenue guidance $117-120M; FY2023 revenue guidance $495-505M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741323000091/0001517413-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741323000091/fsly-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001517413-23-000091

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