Summary by Futu AI
Cloudflare, Inc., a global cloud services provider, has released its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The report includes comprehensive financial statements and notes, management's discussion and analysis of financial condition and results of operations, and information on the company's internal control over financial reporting. Cloudflare reported a 33% increase in revenue to $1.296 billion, with a net loss of $183.9 million. The company's gross margin remained consistent at 76%, and operating expenses increased due to investments in sales, marketing, research, and development. Cloudflare's international operations accounted for 48% of revenue, and the company continues to focus on expanding its customer base, particularly large customers, and developing new products. The report also covers the company's...Show More