Domo Q3 2023 Earnings Report
Key Takeaways
Domo's Q3 2023 saw a 21% year-over-year increase in total revenue, reaching $79.0 million. Subscription revenue grew by 22% to $69.0 million, representing 87% of total revenue. The company also reported a GAAP net loss of $23.7 million, or $0.69 per share, and a non-GAAP net loss of $4.5 million, or $0.13 per share.
Total revenue increased by 21% year-over-year to $79.0 million.
Subscription revenue increased by 22% year-over-year to $69.0 million, representing 87% of total revenue.
GAAP operating margin improved by 15 percentage points year-over-year.
Remaining Performance Obligations (RPO) increased by 19% year-over-year to $354.3 million.
Domo
Domo
Domo Revenue by Segment
Forward Guidance
Domo is providing the following guidance for its fourth fiscal quarter and full year fiscal 2023:
Positive Outlook
- Revenue is expected to be in the range of $77.0 million to $78.0 million for Q4 Fiscal 2023
- Non-GAAP net loss per share is expected to be between $0.07 and $0.11 based on 34.7 million weighted-average shares outstanding for Q4 Fiscal 2023
- Revenue is expected to be in the range of $306.0 million to $307.0 million for Full Year Fiscal 2023
- Non-GAAP net loss per share is expected to be between $0.68 and $0.72 based on 34.1 million weighted-average shares outstanding for Full Year Fiscal 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income