secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001517413-24-000101
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741324000101/0001517413-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741324000101/fsly-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001517413-24-000101

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