Domo(US:DOMO)2024-08-29 20:12Financial 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]