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Apr 30, 2022
Domo Q1 2023 Earnings Report
Announced first quarter fiscal 2023 financial results, showing revenue growth and progress in key business areas.
Key Takeaways
Domo reported a 24% year-over-year increase in total revenue, reaching $74.5 million in Q1 2023. Subscription revenue also grew by 24% year-over-year, accounting for 87% of total revenue. The company's remaining performance obligations (RPO) increased by 24% year-over-year, reaching $351.5 million.
Total revenue increased by 24% year-over-year to $74.5 million.
Subscription revenue increased by 24% year-over-year to $64.6 million, representing 87% of total revenue.
Billings increased by 25% year-over-year.
Remaining Performance Obligations (RPO) increased by 24% year-over-year to $351.5 million.
Domo
Domo
Domo Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services & Other Revenue
CapyFin.com Forward Guidance
Domo is providing the following guidance for its second fiscal quarter and full year fiscal 2023:
Positive Outlook
- Revenue is expected to be in the range of $76.0 million to $77.0 million for Q2 Fiscal 2023
- Non-GAAP net loss per share is expected to be between $0.31 and $0.35 based on 33.9 million weighted-average shares outstanding for Q2 Fiscal 2023
- Revenue is expected to be in the range of $315.0 million to $319.0 million for Full Year Fiscal 2023
- Non-GAAP net loss per share is expected to be between $1.26 and $1.34 based on 34.1 million weighted-average shares outstanding for Full Year Fiscal 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income