Domo Q1 2024 Earnings Report
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
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