Fastly Q1 revenue $133.5M (+14%); non-GAAP EPS -$0.05; Q2 revenue guide $130-134M

Fastly, Inc.

2024-Q1 EPS reported -$0.32 revenue$133,520,000

Q1 revenue $133.5M, up 14% YoY; GAAP net loss per share $(0.32); non-GAAP net loss per share $(0.05).
Positive operating cash flow of $11.1M; non-GAAP operating loss improved to $(9.7M) from $(14.1M) a year ago.
LTM net retention rate 114%, up from 113% in Q4 2023; enterprise customer count 577, total customers 3,290.
Q2 2024 revenue guidance $130-134M; full-year 2024 revenue guidance $555-565M; non-GAAP operating loss $(16)-$(12)M for Q2.
CEO Todd Nightingale: 'not satisfied with our revenue growth outlook'; continued investment in go-to-market to accelerate growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Fastly, Inc. reported first quarter ended March 31, 2024 results: revenue $ 133,520, EPS $(0.32).

Period: first quarter ended March 31, 2024
Revenue: $ 133,520
EPS: $(0.32)
Result: reported results

Exact text from the filing

investment in customer acquisition and go-to-market efforts to diversify our customer base and accelerate revenue growth.” Three months ended March 31, 2024 2023 Revenue $ 133,520 $ 117,564 Gross margin GAAP gross margin 54.8 % 51.3 % Non-GAAP gross margin 58.8 % 55.6 % Operating loss GAAP operating loss $ (46,260) $ (47,275) Non-GAAP operating loss $

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Source: SEC EDGAR

accession 0001517413-24-000101

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