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 ...

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 ...

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Financial Data and Key Metrics Changes - In Q2, total revenue was $78.4 million, representing a year-over-year decrease of 2% [24] - Subscription revenue accounted for 90% of total revenue and was flat year-over-year [24] - Q2 billings were $68.6 million, slightly below guidance due to a large customer opting for quarterly billing [24][25] - Gross retention improved to 88%, up from 83% in Q1, while net retention was 90% year-over-year [25] - Non-GAAP operating margin was 2.5%, with a non-GAAP net loss of $2.7 million compared to $0.8 million a year ago [27] - Adjusted free cash flow was negative $5.6 million, resulting in a cash balance of $55.7 million [27] Business Line Data and Key Metrics Changes - The consumption cohort showed gross retention of 98% and net retention of 118%, indicating strong performance compared to the overall business [25] - Over 45% of annual recurring revenue (ARR) is now on consumption contracts, with expectations to exceed 50% by year-end [14] Market Data and Key Metrics Changes - Current remaining performance obligations (RPO) were $225.4 million, with total RPO increasing to $358.9 million year-over-year [26] - The average contract duration for deals closed in Q2 was up more than 10% year-over-year [26] Company Strategy and Development Direction - The company is focusing on a shift to consumption-based pricing to drive expansion and customer retention [14][15] - Strategic partnerships with cloud data warehouses (CDWs) are being emphasized to enhance customer engagement and market positioning [7][11] - The company aims to leverage its partnerships to create joint solutions and drive consumption across customer bases [11][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth opportunities stemming from ecosystem partnerships, although financial results may take 12 to 24 months to reflect this [13][29] - The company is confident in its strategic direction and believes it is better positioned to capitalize on market opportunities [6][29] Other Important Information - The CFO, David Jolley, will transition to a senior advisory role due to health issues, with Todd Crane taking over as CFO [20][21] - The company successfully refinanced its debt, extending maturity to August 2028 and reducing interest rates [26][44] Q&A Session Summary Question: Insights on strategic conversations with customers - Management noted that partnerships with CDWs have improved relationships with CIOs, allowing for more strategic discussions about data strategies [33][34] Question: Timeframe for deal closure from the partner pipeline - Management indicated that while they are eager to see an uptick in billings, they need more data before providing specific timelines [38] Question: Efficiency in sales and marketing expenses - Management attributed the drop in sales and marketing expenses to headcount changes and natural attrition, expecting a more efficient sales process moving forward [40][41] Question: Details on the refinancing terms - The company extended the loan maturity and reduced the cash interest rate, providing improved financial flexibility [44] Question: Partnerships with CDWs - Management confirmed active partnerships with Snowflake, Databricks, Google, Oracle, and IBM, all of which are live in various capacities [45][46] Question: Competitive dynamics with CDWs - Management acknowledged the cooperative nature of relationships with CDWs, emphasizing the complementary roles in delivering customer solutions [50][51]

Group 1 - Domo reported a quarterly loss of $0.07 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.28, representing an earnings surprise of 75% [1] - The company posted revenues of $78.41 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 3.02%, although this is a decrease from $79.67 million in the same quarter last year [2] - Domo shares have underperformed, losing about 25.1% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$0.25 on revenues of $78.15 million, and for the current fiscal year, it is -$0.95 on revenues of $314.37 million [7] - The Zacks Industry Rank for Internet - Software is currently in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Group 3 - Domo has surpassed consensus EPS estimates two times over the last four quarters and has topped consensus revenue estimates four times during the same period [2] - The estimate revisions trend for Domo is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

Financial Performance - Total revenue for Q2 FY2025 was $78.4 million, a decrease of 2% year over year[2] - Subscription revenue was $70.9 million, with billings at $68.6 million, down 3% year over year[2] - Total revenue for the three months ended July 31, 2024, was $79,672,000, a slight increase from $78,407,000 for the same period in 2023, representing a growth of 1.6%[18] - Subscription revenue for the six months ended July 31, 2024, was $143,031,000, compared to $142,301,000 for the same period in 2023, indicating a growth of 0.5%[18] - Total revenue for the three months ended July 31, 2023, was $79,672 million, a slight increase from $78,407 million in the same period last year, while total revenue for the six months ended July 31, 2023, was $159,130 million, compared to $158,510 million last year[22] Profit and Loss - GAAP net loss was $19.5 million, translating to a GAAP net loss per share of $0.51 based on 38.4 million weighted-average shares outstanding[2] - Non-GAAP net loss was $2.7 million, with a non-GAAP net loss per share of $0.07 based on the same share count[2] - Net loss for the three months ended July 31, 2024, was $16,068,000, compared to a net loss of $19,490,000 for the same period in 2023, representing an improvement of 17.3%[18] - The company reported a net loss on a GAAP basis of $19,490 for the three months ended July 31, 2024, compared to a net loss of $16,068 in the same period last year[21] Cash Flow and Assets - Domo's cash, cash equivalents, and restricted cash totaled $55.7 million as of July 31, 2024[2] - Cash and cash equivalents as of January 31, 2024, were $60,939,000, down from $55,704,000 as of July 31, 2024[19] - Net cash provided by operating activities for the three months ended July 31, 2024, was $635, compared to a net cash used of $6,171 in the same period last year[20] - Net cash provided by operating activities for the three months ended July 31, 2023, was $635 million, a recovery from $(6,171) million in the same period last year[22] Guidance and Projections - For Q3 FY2025, revenue is expected to be between $77.0 million and $78.0 million[5] - Full year FY2025 revenue guidance is projected to be in the range of $313.0 million to $315.0 million[5] Deferred Revenue and Liabilities - Remaining Performance Obligations (RPO) stood at $358.9 million as of July 31, 2024[2] - Deferred revenue at the end of the period for July 31, 2023, was $164,882 million, compared to $161,601 million at the end of the previous year[22] - The decrease in deferred revenue (current and noncurrent) for the three months ended July 31, 2023, was $(9,109) million, compared to $(9,781) million in the same period last year[22] - Total current assets decreased from $153,744,000 on January 31, 2024, to $128,829,000 on July 31, 2024, a decline of 16.2%[19] - Current liabilities increased from $237,800,000 on January 31, 2024, to $224,620,000 on July 31, 2024, a decrease of 5.5%[19] - Total liabilities decreased from $379,206,000 on January 31, 2024, to $364,118,000 on July 31, 2024, indicating a reduction of 4.0%[19] Operating Expenses - Operating expenses for the three months ended July 31, 2024, totaled $71,185,000, a decrease from $72,770,000 in the prior year, showing a reduction of 2.2%[18] - Total operating expenses on a non-GAAP basis for the six months ended July 31, 2024, were $125,355, up from $120,790 in the same period last year[21] Recognition and Achievements - Domo achieved a total ROI of 184% for Manulife Financial Corporation through the adoption of its platform[3] - Domo was recognized as a leader in multiple industry reports, including Nucleus Research's 2024 Business Intelligence and Analytics Technology Value Matrix[3]

______________________________________ Trading Symbols: SVM (TSX/NYSE American) SRL (TSXV), SRLZF (OTCQB) VANCOUVER, BC, Aug. 21, 2024 /PRNewswire/ - With the successful acquisition of Adventus Mining Corporation on July 31, 2024 and the receipt of the Change of Phase for the El Domo copper-gold project (the "Project") (see August 6, 2024 news release), Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM), its Ecuadorian subsidiary, Curimining S.A. ("Curimining"), and Salaz ...

Trading Symbols: SVM (TSX/NYSE American), SRL (TSXV), SRLZF (OTCQB) VANCOUVER, BC, Aug. 6, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQB: SRLZF) are pleased to announce that the Ministry of Energy and Mines of the Government of Ecuador ("MEM") has issued a Resolution of Change of Phase for the El Domo-Curipamba Project (the "Project"). The Resolution of Change of Phase advances the legal ...

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 April 30, 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) ___ ...

Financial Data and Key Metrics Changes - Total revenue for Q1 was $80.1 million, representing a year-over-year increase of 1% [28] - Subscription revenue accounted for 90% of total revenue, also growing at 1% year-over-year [28] - Non-GAAP operating margin was negative 9.2%, down 7.2 percentage points from a year ago [14] - Non-GAAP net loss was $12.3 million compared to $6.1 million a year ago, with net loss per share at $0.33 [14] - Cash flow from operations was $1.9 million, while adjusted free cash flow was $0.5 million, with a cash balance of $61.2 million [14] Business Line Data and Key Metrics Changes - Gross retention was 83%, which would have been 89% excluding one large non-renewal [13] - Net retention was 88%, with expectations for Q2 retention to be in the range of 87% to 88% [13] - Subscription gross margin was 83.4%, down 2.6 percentage points from Q1 of last year [29] - Over 90% of new contract dollar value in Q1 was on consumption, with over 30% of total ARR on consumption expected to exceed 50% by year-end [104] Market Data and Key Metrics Changes - The company is seeing strong momentum in upsells on consumption conversions, with one customer achieving a 30% upsell [27] - The number of accounts paying more than $500,000 to $1 million increased by 33% over the last 12 months [74] - The company has 47 opportunities in the pipeline with 12 net new relationships, indicating increased engagement with cloud data warehouse partners [24] Company Strategy and Development Direction - The company is transitioning to a consumption model to better align pricing with customer value and enhance partnerships with cloud data warehouse providers [51] - The focus is on becoming a strategic multi-use case solution rather than being limited to single use cases [4] - The management believes that the current market environment is more normalized and conducive to growth [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving retention rates and indicated that the recent trend of low retention is not expected to continue [6] - The company is committed to being free cash flow positive for the full year, despite variability in interim quarters [15] - There is a belief that the company could either achieve revenue growth north of 20% or be acquired at a substantial premium [54] Other Important Information - The company has over $1 billion in net operating losses (NOLs), which could provide substantial financial value to potential acquirers [53] - The management highlighted the importance of aligning with cloud data warehouse partners to enhance customer acquisition and retention [51] Q&A Session Summary Question: What percentage of ARR is tied to customers with single use cases versus non-single-use cases? - Management noted that they are excited about the net revenue retention for consumption cohorts being higher than ever seen before, indicating a positive shift in customer relationships [55] Question: Why hasn't a strategic sale been considered sooner? - Management clarified that while there have been ongoing conversations, the explicit willingness to sell has been communicated more clearly recently [60] Question: What are the biggest components and variables affecting future guidance? - Management indicated that the expansion into the partner channel opens up significant opportunities, and they are focused on gaining visibility before providing more discrete guidance [68] Question: What caused the disconnect between EPS guidance and actual results? - The significant investment in hosting Domopalooza as an in-person event and costs related to debt extension were cited as major factors impacting results [47] Question: Can you provide insight into the large non-renewal? - Management explained that the non-renewal was driven by a CFO-led cost-cutting directive rather than product performance, indicating a broader trend of vendor consolidation [92]