Domo Q3 2021 Earnings Report
Key Takeaways
Domo announced strong Q3 fiscal 2021 results, achieving a cash-flow positive milestone and demonstrating commitment to product innovation and customer success. Total revenue increased by 20% year-over-year, with subscription revenue up by 24%. The company also provided guidance for Q4 fiscal 2021 and full-year fiscal 2021.
Total revenue was $53.6 million, an increase of 20% year over year.
Subscription revenue was $46.9 million, an increase of 24% year over year.
Billings were $55.7 million, a 25% year-over-year growth.
GAAP operating margin improved by 24 percentage points year over year.
Domo
Domo
Domo Revenue by Segment
Forward Guidance
Domo is providing the following guidance for its fourth fiscal quarter and full year fiscal 2021 based on information available as of December 3, 2020.
Positive Outlook
- Revenue is expected to be in the range of $53.3 million to $54.3 million for Q4 Fiscal 2021
- Non-GAAP net loss per share is expected to be between $0.42 and $0.46 based on 30.1 million weighted-average shares outstanding for Q4 Fiscal 2021
- Revenue is expected to be in the range of $206.6 million to $207.6 million for Full Year Fiscal 2021
- Non-GAAP net loss per share is expected to be between $1.83 and $1.87 based on 29.3 million weighted-average shares outstanding for Full Year Fiscal 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income