a non-GAAP-based discuss quarter financial Sciences and you, second my guidance. year-over-year metrics XX% from that guidance to year-over-year of thanks Signal Note to $XXX.X purchase Thank business revenue are review and In the financial of products for deferred million, to exceeding increased revenue quarter, are forward reflected. will metrics. then $XXX XX% million of revenue us. stated, for all results end the Joshua increase otherwise XX% second I our unless Today, and XX% joining top results Total our in adjustments increase was discussion revenue, after everyone million. our $XX the related price or
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a of detailed I take back step Fastly’s financial the moment discussion me let taking a our within performance, organization. Before financial to changes begin place discuss and
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discuss improvements. briefly me these Let
million of $XXX amount convertible First, of we principal used $XX value at a principal XX% approximately million repurchase a repurchase. this to our our strong on cash in resulting its balance to discount the gain debt
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capacity better traffic margins cross-functional process align term. believe to have expected to forecasting with investments we Third, our result long improved improved We better in gross reviews capacity this and levels. medium in planning will with the
of organization quarter. and cost for additional onetime QX XXX in cost hiring half, place of non-headcount in a second excludes and of to PP&E use for of our basis finance internal we includes the free now and of we second purchases PP&E accounting points our our adjustments a made decline for XXXX, controls advanced from revenues and previously our charitable to expect CapEx of for payments XX%. Fourth, revenues to recorded and accounts spending. And addition, the In leases our put controls to repayments which capitalized we XX% and cash around have to expected developer of and XX% software and range lastly, range have to around approximately true-up XX% improved
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results addition, for as in second In quarter. true-up of the now and the will primarily rest experienced controls, turn our our improved we some of I cost in marketing. we financial quarter, to costs sales onetime second the
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at While XXXX anticipate higher lower half the for than be to be second the to we previously the half. the expenses planned of we expenses expect still now first we as in compared year, as stated, beginning operating to we
a $XX.X was and an was the loss million operating compared net operating in million for $X.XX diluted loss diluted $X.XX loss QX and or a of $XX.X and million, million, per basic Our of per net share loss a XXXX. to quarter $XX.X loss and share our $XX basic loss
those term. the $XXX million securities Turning ended cash, the we investments, balance marketable and approximately equivalents, with classified long including to in sheet, cash quarter as
costs, transaction reducing million. balance we of in $XXX $X.XX principal debt fees before $XXX amount or from million $XXX.X aggregate million During our the repurchased million on $XXX our and to for the convertible related quarter, dollar debt
the low-risk during balance these capitalize strategically to sheet on capital in volatile that arise will markets We periods. our opportunities to continue use
the flow on negative of $XX.X software payments million, commitments of cash cash $XX and capital on of expenditures equipment, which in internal capital capitalized million, advanced the flow cash the in free to quarter, free reflects million. Our decrease in capital use payments the include of $XX resulting leases impact equipment purchases finance
in in of chain previously were and in revenue XX% we our our XXXX response expenditures commitments drives which made capitalized capital equipment is to in differentiator. cash quarter, This, foundational supply Our competitive network with software. second We the leverage that include technology efficiency along shared needs and expenditures a capital future challenges. early for our
As of in payments quarter, million advanced the second vendors. we the commitments, I to $XX.X these previously, we approximately and this discussed made next of cost equipment additional be quarters fees from these million carrying and reduce three availability of advanced payments of part over as will making ongoing $XX secure
to deploy we incur costs, covered our we of not chain expect to transition And carrying despite the margin payments next-generation until some We take XXXX. including and equipment do and acceleration architecture over network and any equipment. gross it commitments our favorably will delivery this XXXX supply these operating These of of deploy to impact depreciation by due and by costs remainder reducing our constraints. investments
Actual based differ future, as expectations forward-looking statements materially, capacity today expected will the to improved to include discussed, by everyone results like range from and processes, outlook and these I previously the we to forward-looking turn expenditures undertake as As with for revenue now in previously our in may range again law. decline third are following remind planning a of obligation from that XXXX. on discuss the benefits XX% we the statements XX% our to to no XX% except XX%. I’d I the capital update required of of our now full year current cash to statements. to XXXX expect quarter and of
outlook Our within driven growth to products. improved top third continued part year line customer expansion in our enhanced and and deliver acquisition ability reflects customers, our enterprise new and quarter via XXXX full strong by
second and today visibility guidance in revenue the usage-based first half is generally we gain year. to and flat Our the the based of annual year that have with expect second revenues business as on our additional our are guidance the we Historically, increasing visibility quarter model, to progresses. our revenues given
expect we at As a representing result, annual the of range XX% million $XXX $XXX to for revenue the in third quarter, midpoint. million, the growth
loss non-GAAP operating million of and to share a $X.XX a $XX.X expect We to loss $X.XX. $XX.X non-GAAP per of million
annual million For to the to a midpoint. representing growth our XXXX, are increasing the by full range at million prior guidance $XX revenue year $XXX $XXX of we million, XX%
gross of second margins expect $XX we loss margins of to net previously. loss $XX expenses higher in a XXXX. gross reiterate, million discussed And to anticipate share, half non-GAAP impact to improve a operating the million $X.XX of reflecting lower per and non-GAAP $X.XX We I to the and from
questions, Before your for and for we open Operator? support interest line Fastly. we would you the to like thank in your
