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Apr 30, 2020
Domo Q1 2021 Earnings Report
Reported first quarter fiscal 2021 financial results, showing revenue increase and improved operating margins.
Key Takeaways
Domo's total revenue for Q1 2021 was $48.6 million, a 19% increase year-over-year. Subscription revenue grew by 23% to $42.4 million, representing 87% of total revenue. The company's GAAP operating margin and non-GAAP operating margin both improved significantly year-over-year.
Total revenue increased by 19% year-over-year to $48.6 million.
Subscription revenue grew by 23% year-over-year, reaching $42.4 million.
GAAP operating margin improved by 36 percentage points year-over-year.
Non-GAAP operating margin improved by 34 percentage points year-over-year.
Domo
Domo
Domo Revenue by Segment
Forward Guidance
Domo provided revenue and non-GAAP net loss per share guidance for Q2 and full year fiscal 2021.
Positive Outlook
- Q2 Fiscal 2021 Revenue is expected to be in the range of $48.5 million to $49.5 million
- Q2 Fiscal 2021 Non-GAAP net loss per share is expected to be between $0.48 and $0.52 based on 29.0 million weighted-average shares outstanding
- Full Year Fiscal 2021 Revenue is expected to be in the range of $194.0 million to $200.0 million
- Full Year Fiscal 2021 Non-GAAP net loss per share is expected to be between $1.96 and $2.06 based on 29.2 million weighted-average shares outstanding
Revenue & Expenses
Visualization of income flow from segment revenue to net income