Loading...
•
Jul 31, 2023
Domo Q2 2024 Earnings Report
Domo's revenue increased by 5% year-over-year, with subscription revenue representing 89% of the total.
Key Takeaways
Domo reported a 5% increase in total revenue for Q2 2024, reaching $79.7 million. Subscription revenue grew by 6% to $71.2 million. The company's GAAP net loss was $16.1 million, or $0.45 per share, while non-GAAP net loss was $0.8 million, or $0.02 per share.
Total revenue increased by 5% year-over-year to $79.7 million.
Subscription revenue increased by 6% year-over-year to $71.2 million, representing 89% of total revenue.
Remaining Performance Obligations (RPO) increased by 2% year-over-year to $357.6 million.
GAAP operating margin increased by 21 percentage points year over year.
Revenue by Segment
Forward Guidance
Domo is providing revenue guidance for Q3 fiscal 2024 to be in the range of $78.5 million to $79.5 million. Full year fiscal 2024 revenue is expected to be in the range of $316.0 million to $320.0 million, representing year-over-year growth of 2-4%.
Positive Outlook
- Revenue is expected to be in the range of $78.5 million to $79.5 million for Q3 2024.
- Full year fiscal 2024 revenue is expected to be in the range of $316.0 million to $320.0 million.
- Full year revenue represents year-over-year growth of 2-4%.
Challenges Ahead
- Non-GAAP net loss per share is expected to be between $0.10 and $0.14 for Q3 2024.
- Non-GAAP net loss per share is expected to be between $0.39 and $0.47 for the full year fiscal 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...