Domo(DOMO)

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Domo (DOMO) Reports Q1 Loss, Tops Revenue Estimates
zacks.com· 2024-05-23 22:16
Domo (DOMO) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -43.48%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.05, delivering a surprise of -66.67%. Ahead of this earnings release, the estimate revisions trend ...
Domo(DOMO) - 2025 Q1 - Quarterly Results
2024-05-23 20:08
Financial Performance - Total revenue for the first quarter of fiscal 2025 was $80.1 million, representing a 1% increase year over year[4] - Subscription revenue was $72.1 million, also a 1% increase year over year[4] - Billings decreased by 7% year over year to $65.5 million[4] - GAAP net loss was $26.0 million, with a GAAP net loss per share of $0.69 based on 37.5 million weighted-average shares outstanding[4] - Non-GAAP net loss was $12.3 million, with a non-GAAP net loss per share of $0.33[4] - For the three months ended April 30, 2024, Domo, Inc. reported a net loss of $26,007 thousand, compared to a net loss of $24,403 thousand for the same period in 2023, reflecting a 6.6% increase in losses[23] - Subscription revenue for the three months ended April 30, 2024, was $72,110 thousand, up from $71,090 thousand in the same period of 2023, indicating a growth of 1.4%[25] - The total revenue for the three months ended April 30, 2024, was $80,103 thousand, compared to $79,458 thousand in the same period of 2023, representing a growth of 0.8%[27] Cash and Expenses - Cash, cash equivalents, and restricted cash totaled $61.2 million as of April 30, 2024[4] - Cash, cash equivalents, and restricted cash at the end of the period for April 30, 2024, were $61,158 thousand, a decrease from $65,988 thousand at the end of the previous period[23] - Total operating expenses on a GAAP basis for the three months ended April 30, 2024, were $80,839 thousand, slightly up from $80,598 thousand in the same period of 2023[25] - Domo's stock-based compensation expense decreased from $16,472 thousand in April 2023 to $14,142 thousand in April 2024[25] - Domo's adjusted free cash flow improved to $496 thousand for the three months ended April 30, 2024, compared to an adjusted free cash flow of $(716) thousand for the same period in 2023[27] - The company experienced a net cash provided by operating activities of $1,901 thousand for the three months ended April 30, 2024, compared to $828 thousand for the same period in 2023, marking a significant increase of 129.5%[27] Future Guidance - Revenue guidance for the second quarter of fiscal 2025 is expected to be between $76.0 million and $77.0 million[11] - Non-GAAP net loss per share for the second quarter is expected to be between $0.26 and $0.30 based on 38.4 million weighted-average shares outstanding[11] Market Position and Recognition - Domo won five Dresner Advisory Services 2023 Technology Innovation Awards, highlighting its competitive position in the market[5] - Domo was ranked the number one vendor in the 2024 Wisdom of Crowds® Cloud Computing and Business Intelligence (BI) Market Study for the eighth consecutive year[5] Revenue Recognition - The subscription gross margin on a GAAP basis decreased from 85% in April 2023 to 82% in April 2024, while the non-GAAP subscription gross margin also declined from 86% to 83%[25] - The company reported a decrease in deferred revenue of $14,607 thousand for the three months ended April 30, 2024, compared to a decrease of $9,159 thousand in the same period of 2023[27]
Domo(DOMO) - 2024 Q4 - Annual Report
2024-03-28 11:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ Form 10-K __________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 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 Specified in its Charter) _________ ...
Outcast Turns to Domo to Measure Campaign Performance and Fuel Insights for Its Tech Clients
Businesswire· 2024-03-14 20:05
SILICON SLOPES, Utah--(BUSINESS WIRE)--Today, Domo (Nasdaq: DOMO) announced that Outcast, a leading integrated communications and marketing agency, is using Domo’s data experience platform to measure the impact of its campaigns and make real-time, informed decisions about where to focus client resources. Outcast serves clients across a wide variety of tech industries, ranging from e-commerce to consumer products to artificial intelligence. Each client requires a customized program with a unique mix of ca ...
Domo Receives Five Dresner Advisory Services 2023 Technology Innovation Awards
Businesswire· 2024-03-12 20:05
SILICON SLOPES, Utah--(BUSINESS WIRE)--Today Domo (Nasdaq: DOMO) announced it has been named the winner of five Dresner Advisory Services 2023 Technology Innovation Awards, as a top vendor in the following Wisdom of Crowds® thematic market reports: Analytical Platforms, Cloud Computing + BI, Embedded BI, Guided Analytics and Self-Service BI. Wisdom of Crowds research is based on data collected on usage and deployment trends, products and vendors. Users in all roles and throughout all industries contribut ...
Domo (DOMO) Reports Q4 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-03-07 23:21
Domo (DOMO) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced break-even earnings, delivering a surprise of 100%.Over the last four quarters, the company has surpassed consen ...
Domo(DOMO) - 2024 Q4 - Annual Results
2024-03-06 16:00
Exhibit 99.1 Domo Announces Fourth Quarter and Fiscal 2024 Financial Results Silicon Slopes, Utah - March 7, 2024 - Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal fourth quarter ended January 31, 2024. Fiscal Fourth Quarter Results Full Year Fiscal 2024 Results "The strategic investments we're making this year will help customers capitalize on the new opportunities offered through artificial intelligence (AI) and data, making it easier and faster to scale Domo's full suite of solutions acr ...
Home Franchise Concepts Unlocks Insights and Makes Data Accessible with Domo Everywhere
Businesswire· 2024-02-27 21:05
SILICON SLOPES, Utah--(BUSINESS WIRE)--Today Domo (Nasdaq: DOMO) announced that Home Franchise Concepts, a subsidiary of JM Family Enterprises, has selected Domo as its preferred platform to drive better business decisions and streamline data sharing internally and to its franchisees. Home Franchise Concepts is a leading franchisor specializing in the home services space. Presently, they own 10 brands comprised of 2,600 franchised territories and more than 1,600 franchisees across North America. Before D ...
Domo's Mark Boothe Receives Marketing Leadership Award from Utah Business Magazine
Businesswire· 2024-02-21 21:05
SILICON SLOPES, Utah--(BUSINESS WIRE)--Domo (Nasdaq: DOMO) announced today that Mark Boothe, Domo’s newly-appointed Chief Marketing Officer has been named a Utah Business Magazine Sales & Marketers of the Year (SAMY) award winner for Marketing Leadership. The SAMY Awards program honors Utah’s top sales and marketing professionals who have had a measurable impact on their company’s bottom line. Since joining Domo, Boothe has established new and strengthened existing programs to address customer pain points, ...
Domo's Daren Thayne and Kristie J. Rowley Honored by AI Utah 100 as Leaders at the Forefront of Artificial Intelligence
Businesswire· 2024-02-15 14:00
SILICON SLOPES, Utah--(BUSINESS WIRE)--Domo (Nasdaq: DOMO) announced today that its Chief Technology Officer (CTO) and EVP of Product Daren Thayne and Sr. Director of AI Labs Kristie J. Rowley, PhD have been named to the AI Utah 100, a distinguished list of the 100 brightest minds in artificial intelligence (AI) in Utah. The AI Utah 100 Awards recognize the top innovators and individuals in Utah who are leading initiatives at the forefront of the future of technology and AI. Honorees were nominated by th ...