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Oct 31, 2021
Domo Q3 2022 Earnings Report
Reported strong results driven by market demand and increasing demand for data-enabled apps.
Key Takeaways
Domo announced its Fiscal Third Quarter results for 2022, with total revenue of $65.1 million, a 21% increase year-over-year. Subscription revenue was $56.6 million, also a 21% increase year-over-year. Billings were $70.2 million, representing a 26% year-over-year growth.
Total revenue was $65.1 million, an increase of 21% year over year
Subscription revenue was $56.6 million, an increase of 21% year over year
Billings were $70.2 million, a 26% year-over-year growth
Remaining Performance Obligations (RPO) was $296.9 million, an increase of 19% 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 2022:
Positive Outlook
- Q4 Fiscal 2022 Revenue is expected to be in the range of $66.5 million to $67.5 million
- Q4 Fiscal 2022 Non-GAAP net loss per share is expected to be between $0.37 and $0.41 based on 32.8 million weighted-average shares outstanding
- Full Year Fiscal 2022 Revenue is expected to be in the range of $254.5 million to $255.5 million
- Full Year Fiscal 2022 Non-GAAP net loss per share is expected to be between $1.26 and $1.30 based on 32.0 million weighted-average shares outstanding
Revenue & Expenses
Visualization of income flow from segment revenue to net income