Fastly Q2 revenue $122.8M (+20% YoY) beats guidance; repurchases $236.4M convertible debt at 17% discount

Fastly, Inc.

2023-Q2 EPS reported -$0.44 revenue$240,395,000

Record Q2 revenue $122.8M (+20% YoY, 4% sequential); GAAP EPS loss $0.08, non-GAAP EPS loss $0.04.
Non-GAAP gross margin improved to 56.6% from 50.4% YoY; operating loss narrowed to $7.8M from $26.9M.
Repurchased $236.4M convertible principal for $195.7M (17% discount), resulting in $36.8M net gain.
Enterprise customer count up 11 to 551; total customers down 28 to 3,072; DBNER increased to 123%.
Q3 2023 guidance: revenue $125-128M; full-year revenue $500-510M; non-GAAP operating loss $15-13M Q3.

item 2.02 item 9.01

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 the second quarter ended June 30, 2023 results: revenue $122.8 million, net income $10.7 million (GAAP net loss), EPS $0.08 (GAAP net loss per basic and diluted share).

Period: the second quarter ended June 30, 2023
Revenue: $122.8 million
Net income: $10.7 million (GAAP net loss)
EPS: $0.08 (GAAP net loss per basic and diluted share)
Result: reported results

Exact text from the filing

Second Quarter 2023 Financial Summary • Total revenue of $122.8 million, representing 20% year-over-year growth and 4% sequential increase. • GAAP gross margin of 52.3%, compared to 44.9% in the second quarter of 2022. Non-GAAP gross margin of 56.6%, compared to 50.4% in the second quarter of 2022. • GAAP net loss of $10.7 million, compared to $16.4 million in the second quarter of 2022. Non-GAAP net loss of $4.6 million, compared to $28.0 million in the second quarter of 2022. • GAAP net loss per basic and diluted shares of $0.08 compared to $0.14 in the second quarter of 2022.

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Source: SEC EDGAR

accession 0001517413-23-000216

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