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Jan 31, 2023
Domo Q4 2023 Earnings Report
Domo's Q4 2023 financial results were announced, revealing a mix of growth and strategic investments.
Key Takeaways
Domo reported Q4 2023 total revenue of $79.6 million, a 14% increase year-over-year, with subscription revenue of $70.3 million, representing an 18% increase. Billings decreased by 3% year-over-year to $104.5 million. The company's GAAP operating margin increased by 23 percentage points year over year, and non-GAAP operating margin increased by 18 percentage points year over year.
Total revenue increased by 14% year-over-year, reaching $79.6 million.
Subscription revenue grew by 18% year-over-year, totaling $70.3 million and representing 88% of total revenue.
Remaining Performance Obligations (RPO) increased by 12% year over year, reaching $378.2 million.
GAAP operating margin saw a 23 percentage point increase year-over-year.
Revenue by Segment
Forward Guidance
Domo provided revenue and non-GAAP net loss per share guidance for Q1 Fiscal 2024 and full year Fiscal 2024.
Positive Outlook
- Q1 Fiscal 2024 revenue is expected 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 $323.0 million to $330.0 million.
Challenges Ahead
- Q1 Fiscal 2024 non-GAAP net loss per share is expected to be between $0.15 and $0.19 based on 35.3 million weighted-average shares outstanding.
- Full Year Fiscal 2024 non-GAAP net loss per share is expected to be between $0.27 and $0.39 based on 36.2 million weighted-average shares outstanding.
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
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