share_log

Fastly | 10-Q: Q3 2024 Earnings Report

Fastly | 10-Q: Q3 2024 Earnings Report

Fastly | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/08 01:47

Moomoo AI 已提取核心訊息

Fastly reported Q3 2024 revenue of $137.2 million, up 7% year-over-year, with gross margin improving to 54% from 52%. The company's enterprise customer count grew to 576, generating 92% of total revenue. Network Services revenue rose 5% to $107.4 million, while Security revenue increased 12% to $26.2 million.The company initiated a restructuring plan in Q3 to streamline operations, incurring charges of $9.7 million primarily for employee severance benefits. The plan was substantially completed by October 31, 2024. Operating expenses decreased 7% to $115.3 million, while net loss narrowed to $38.0 million from $54.3 million in Q3 2023.Looking ahead, Fastly continues to focus on expanding its edge cloud platform capabilities and global network infrastructure. The company maintained strong liquidity with $308.2 million in cash and marketable securities. Management emphasized ongoing investments in research and development while implementing cost optimization measures to improve operational efficiency.
Fastly reported Q3 2024 revenue of $137.2 million, up 7% year-over-year, with gross margin improving to 54% from 52%. The company's enterprise customer count grew to 576, generating 92% of total revenue. Network Services revenue rose 5% to $107.4 million, while Security revenue increased 12% to $26.2 million.The company initiated a restructuring plan in Q3 to streamline operations, incurring charges of $9.7 million primarily for employee severance benefits. The plan was substantially completed by October 31, 2024. Operating expenses decreased 7% to $115.3 million, while net loss narrowed to $38.0 million from $54.3 million in Q3 2023.Looking ahead, Fastly continues to focus on expanding its edge cloud platform capabilities and global network infrastructure. The company maintained strong liquidity with $308.2 million in cash and marketable securities. Management emphasized ongoing investments in research and development while implementing cost optimization measures to improve operational efficiency.
Fastly報告2024年第三季度營業收入爲13720萬,較去年同期增長7%,毛利率從52%提高至54%。該公司的企業客戶數量增長至576,佔總營業收入的92%。網絡服務營業收入增長5%至10740萬,而安防營業收入增加12%至2620萬。公司在第三季度啓動了一項重組計劃,以精簡運營,主要費用爲員工離職補償,總計970萬。該計劃在2024年10月31日前基本完成。營業費用減少7%至11530萬,而淨虧損從2023年第三季度的5430萬縮小至3800萬。展望未來,Fastly繼續專注於擴展其邊緣雲平台能力和全球貨幣基礎設施。公司保持強勁的流動性,現金和可交易證券爲30820萬。管理層強調繼續在研發方面進行投資,同時實施成本優化措施以提高運營效率。
Fastly報告2024年第三季度營業收入爲13720萬,較去年同期增長7%,毛利率從52%提高至54%。該公司的企業客戶數量增長至576,佔總營業收入的92%。網絡服務營業收入增長5%至10740萬,而安防營業收入增加12%至2620萬。公司在第三季度啓動了一項重組計劃,以精簡運營,主要費用爲員工離職補償,總計970萬。該計劃在2024年10月31日前基本完成。營業費用減少7%至11530萬,而淨虧損從2023年第三季度的5430萬縮小至3800萬。展望未來,Fastly繼續專注於擴展其邊緣雲平台能力和全球貨幣基礎設施。公司保持強勁的流動性,現金和可交易證券爲30820萬。管理層強調繼續在研發方面進行投資,同時實施成本優化措施以提高運營效率。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息