Domo(DOMO)

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Silvercorp Reports on El Domo Project Development Progress and Awarding the First Construction Contract
Prnewswire· 2025-01-07 13:00
Core Viewpoint - Silvercorp Metals Inc. and its partners are making significant progress on the El Domo Project in Ecuador, targeting production in the second half of 2026, with recent contracts awarded to experienced contractors [1][7]. Project Progress - The acquisition of Adventus Mining Corporation has led to substantial advancements in the El Domo Project since July 31, 2024 [2]. - Detailed engineering and project infrastructure have been optimized, including the design of tailing storage facilities and the process plant [4][3]. - Community engagement has been maintained to keep local stakeholders informed about project developments [4]. Engineering and Design - The project has undergone a review of previous technical work, leading to optimized designs for various components, including the tailing storage facilities and open pit mine [4]. - Metallurgical test work has commenced, focusing on selective flotation to potentially enhance recoveries [4]. - Detailed engineering design for the process plant is underway, including equipment selection and purchasing [4]. Contract Awards - Bid Package 1 has been awarded to CRCC 14 Bureau Group CO., Ltd., a contractor with over ten years of experience in Ecuador [6]. - The Companies plan to award Bid Packages 2 and 3 in Q1 2025 to maintain the project schedule [7]. Project Overview - The El Domo Project is a high-grade copper-gold project located in Central Ecuador, with mineralization starting at 30 meters from the surface [9]. - The project area is accessible via three well-maintained gravel roads, enhancing logistical efficiency [9]. Company Background - Silvercorp is a Canadian mining company focused on generating free cash flow from long-life mines and pursuing organic growth through exploration and acquisitions [8]. - The company emphasizes responsible mining practices and a commitment to environmental, social, and governance (ESG) principles [8].
Here's Why Domo (DOMO) Is a Great 'Buy the Bottom' Stock Now
ZACKS· 2024-12-24 15:56
The price trend for Domo (DOMO) has been bearish lately and the stock has lost 10.6% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts a ...
Domo(DOMO) - 2025 Q3 - Quarterly Report
2024-12-10 01:46
Financial Performance - Total revenue for the three months ended October 31, 2023, was $79.7 million, compared to $79.8 million for the same period in 2024[199]. - Total revenue for the three months ended October 31, 2024, was $79,764, reflecting an increase of $89 from $79,675 in the prior year[235]. - Subscription revenue for the three months ended October 31, 2024, was $71,113, a slight decrease of $180 compared to $71,293 for the same period in 2023[235]. - Revenue from customers with billing addresses in the United States comprised 80% and 79% of total revenue for the three months ended October 31, 2023, and 2024, respectively[199]. - The total customer count remained relatively flat from October 31, 2023, to October 31, 2024, with subscription revenue impacted by a $4.4 million net decrease from existing customers[235]. Expenses and Losses - The company incurred net losses of $16.4 million and $18.8 million for the three months ended October 31, 2023, and 2024, respectively, with an accumulated deficit of $1,469.9 million as of October 31, 2024[201]. - Total operating expenses for the nine months ended October 31, 2024, were $224.50 million, a slight increase of $0.59 million or 0% compared to the previous year[252]. - Sales and marketing expenses decreased by $8.42 million to $116.04 million, representing 49% of total revenue[252]. - Research and development expenses increased by $2.02 million to $65.95 million, accounting for 28% of total revenue[253]. - General and administrative expenses rose by $6.99 million to $42.50 million, representing 17% of total revenue[254]. - The net loss for the three months ended October 31, 2024, was $18,761, compared to a net loss of $16,413 for the same period in 2023[230]. Revenue Recognition and Obligations - Remaining performance obligations (RPO) were $367.2 million and $368.2 million as of October 31, 2023, and 2024, respectively, with expected revenue recognition of $230.8 million and $220.6 million in the next twelve months[198]. - The gross retention rate declined to 84% as of October 31, 2024, down from 87% in the previous year, influenced by macroeconomic conditions[209]. Research and Development - Research and development expense as a percentage of total revenue was 27% for the three months ended October 31, 2024, compared to 25% for the same period in 2023[216]. - Research and development expenses for the three months ended October 31, 2024, were $21,264, an increase from $19,729 in the prior year[224]. - The company plans to enhance its platform functionality through investments in machine learning and artificial intelligence technologies[215]. Cash and Financing - As of October 31, 2024, the company had $40.9 million in cash and cash equivalents and a fully drawn credit facility of $123.0 million[259]. - The company is required to maintain a minimum liquidity of $25.0 million in unrestricted cash[268]. - The credit facility allows for up to $125.3 million in term loan borrowings, all of which had been drawn as of October 31, 2024, with a maturity date of August 19, 2028[286]. - The interest rate on the term loan was 8.1% as of October 31, 2024, with an additional fixed rate of 5.0% accruing on the outstanding principal[287]. - Net cash used in operating activities for the nine months ended October 31, 2024 was $254.4 million, with cash collected from customers totaling $236.4 million[273]. - Net cash provided by financing activities for the nine months ended October 31, 2024 was $5.0 million, primarily from debt proceeds[278]. Stock and Debt - The company entered into a Controlled Equity Offering Sales Agreement to sell up to $150.0 million of Class B common stock, with no shares sold to date[262]. - The company issued 1,022,918 fully-vested warrants to purchase Class B common stock as part of the credit facility amendment in August 2024[266]. - Loss on extinguishment of debt increased by $1.85 million due to an amendment to the credit facility[255]. Cost of Revenue and Profitability - Total cost of revenue increased to $19,961 for the three months ended October 31, 2024, up by $1,185 or 6% from $18,776 in the same period of 2023[236]. - Gross profit for the three months ended October 31, 2024, was $59,803, a decrease of $1,096 or 2% compared to $60,899 in the prior year[236]. - Subscription gross margin decreased to 81% for the three months ended October 31, 2024, down from 84% in the same period of 2023[236]. - Gross profit decreased by $4.90 million to $177.48 million, resulting in a total gross margin of 74%[249].
Domo(DOMO) - 2025 Q3 - Earnings Call Transcript
2024-12-06 02:18
Domo, Inc. (NASDAQ:DOMO) Q3 2025 Results Conference Call December 5, 2024 5:00 PM ET Company Participants Peter Lowry - Vice President, Investor Relations Josh James - Founder and Chief Executive Officer Tod Crane - Chief Financial Officer RJ Tracy - Chief Revenue Officer Conference Call Participants Eric Martinuzzi - Lake Street Yi Fu Lee - Cantor Fitzgerald Operator Greetings. Welcome to Domo's Q3 Fiscal Year 2025 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answ ...
Domo (DOMO) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-12-05 23:35
Company Performance - Domo reported a quarterly loss of $0.08 per share, better than the Zacks Consensus Estimate of a loss of $0.15, representing an earnings surprise of 46.67% [1] - The company posted revenues of $79.76 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 3.31% and showing a slight increase from $79.68 million year-over-year [2] - Over the last four quarters, Domo has surpassed consensus EPS estimates two times and topped revenue estimates four times [2] Future Outlook - The immediate price movement of Domo's stock will depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is -$0.16 on revenues of $77.51 million, and for the current fiscal year, it is -$0.71 on revenues of $313.23 million [8] - The estimate revisions trend for Domo is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Internet - Software industry, to which Domo belongs, is currently in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]
Domo(DOMO) - 2025 Q3 - Quarterly Results
2024-12-05 21:16
Exhibit 99.1 Domo Announces Third Quarter Fiscal 2025 Financial Results Silicon Slopes, Utah - December 5, 2024 - Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal third quarter ended October 31, 2024. Fiscal Third Quarter Results | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------| | | | • Total revenue was $79.8 million | | • Subscription revenue was $71.1 million | | • Billings were $73. ...
Silvercorp Provides Positive El Domo Legal Update and Announces Repayment of Wheaton Early Deposit
Prnewswire· 2024-11-15 13:00
Trading Symbol: TSX: SVM TSXV: SRL NYSE AMERICAN: SVM OTCQB: SRLZFVANCOUVER, BC, Nov. 15, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) and Salazar Resources Ltd. ("Salazar") (TSXV: SRL) (OTCQB: SRLZF) are pleased to announce that on November 12, 2024, the Provincial Court of Bolivar (the "Court"), in t ...
Domo(DOMO) - 2025 Q2 - Quarterly Report
2024-09-06 01:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION __________________________ WASHINGTON, D.C. 20549 __________________________ Form 10-Q __________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to . Commission File Number 001-38553. DOMO, INC. (Exact Name of Registrant as Spe ...
How Much Upside is Left in Domo (DOMO)? Wall Street Analysts Think 27.32%
ZACKS· 2024-09-04 14:57
Domo (DOMO) closed the last trading session at $7.54, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.60 indicates a 27.3% upside potential. The mean estimate comprises five short-term price targets with a standard deviation of $3.65. While the lowest estimate of $7 indicates a 7.2% decline from the current price level, the most optimistic analyst expects the stock ...
Why Fast-paced Mover Domo (DOMO) Is a Great Choice for Value Investors
ZACKS· 2024-09-04 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...