1/
$FSLY Reviewed the quarter. Wow.
75% of all data will be created and processed at the edge by 2022 per IDC
-
* 62% Revenue Growth
* 137% DBNER
* Adj EBITDA: First positive quarter ever.
* Customer Count: Largest quarterly growth since IPO.
* GAAP GM: 60.2% up from 55%
$FSLY Reviewed the quarter. Wow.
75% of all data will be created and processed at the edge by 2022 per IDC
-
* 62% Revenue Growth
* 137% DBNER
* Adj EBITDA: First positive quarter ever.
* Customer Count: Largest quarterly growth since IPO.
* GAAP GM: 60.2% up from 55%
2/
$FSLY
Compute@edge is still not in revenue guidance since it is in beta.
This is one of the largest thrusts forward for any technology company of this size in the world coming soon.
Jan 1, 2020: Wall Street estimates were 29% growth.
August 5, 2020 Guidance: 47% growth.
$FSLY
Compute@edge is still not in revenue guidance since it is in beta.
This is one of the largest thrusts forward for any technology company of this size in the world coming soon.
Jan 1, 2020: Wall Street estimates were 29% growth.
August 5, 2020 Guidance: 47% growth.
3/
$FSLY
Even though margins are rising at scale, it expects innovation improvements to reduce computing requirements for common workloads, increase overall POP capacity, and ultimately increase the amount of revenue per server.
$FSLY
Even though margins are rising at scale, it expects innovation improvements to reduce computing requirements for common workloads, increase overall POP capacity, and ultimately increase the amount of revenue per server.
4/
$FSLY
This is all *before* compute@edge is released.
$FSLY
This is all *before* compute@edge is released.
5/
$FSLY
Wall Street *still* has 2021 revenue as 26% (to $373M) and keep in mind, compute@edge goes into production in 2021.
The number Wall Street is sitting on is too low even without compute (47% growth for 2020 --> 26% for 2021).
But compute is a giant step forward.
$FSLY
Wall Street *still* has 2021 revenue as 26% (to $373M) and keep in mind, compute@edge goes into production in 2021.
The number Wall Street is sitting on is too low even without compute (47% growth for 2020 --> 26% for 2021).
But compute is a giant step forward.
6/
$FSLY
A note of caution reads that TikTok was the company's single largest customer, accounting for 12% of revenue this past quarter.
This is common for small companies (see TWLO 2-years ago)
$FSLY
A note of caution reads that TikTok was the company's single largest customer, accounting for 12% of revenue this past quarter.
This is common for small companies (see TWLO 2-years ago)
7/7
$FSLY
Further, Tik Tok isn't going away -- it just might change owners in the United States.
$FSLY
Further, Tik Tok isn't going away -- it just might change owners in the United States.
/end
$FSLY
Anyway, CML Pro, you will get the full story tomorrow.
I am also speaking with their CEO on August 7th.
$FSLY
Anyway, CML Pro, you will get the full story tomorrow.
I am also speaking with their CEO on August 7th.
