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Apr 30, 2023
Domo Q1 2024 Earnings Report
Domo's Q1 2024 financial results were announced, showing revenue growth and improved margins.
Key Takeaways
Domo reported a 7% year-over-year increase in total revenue, reaching $79.5 million. Subscription revenue grew by 10% to $71.1 million. The company's GAAP operating margin increased by 14 percentage points, and non-GAAP operating margin increased by 3 percentage points year over year.
Total revenue increased by 7% year-over-year to $79.5 million.
Subscription revenue increased by 10% year-over-year to $71.1 million, representing 89% of total revenue.
Billings decreased by 4% year-over-year to $70.3 million.
GAAP operating margin increased by 14 percentage points year over year.
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 2024: Q2 Fiscal 2024 •Revenue is expected to be in the range of $78.5 million to $79.5 million •Non-GAAP net loss per share is expected to be between $0.07 and $0.11 based on 35.9 million weighted-average shares outstanding Full Year Fiscal 2024 •Revenue is expected to be in the range of $323.0 million to $330.0 million •Non-GAAP net loss per share is expected to be between $0.27 and $0.39 based on 36.1 million weighted-average shares outstanding
Positive Outlook
- Revenue is expected to be in the range of $78.5 million to $79.5 million for Q2 2024.
- Revenue is expected to be in the range of $323.0 million to $330.0 million for full year 2024.
Challenges Ahead
- Non-GAAP net loss per share is expected to be between $0.07 and $0.11 for Q2 2024.
- Non-GAAP net loss per share is expected to be between $0.27 and $0.39 for full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income