secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001517413-23-000216
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741323000216/0001517413-23-000216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741323000216/fsly-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001517413-23-000216

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