NASDAQ$DOMO

Domo Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Domo's Q1 2022 financial results were announced, showing revenue growth and improved operating margins.

Domo reported a 24% year-over-year increase in total revenue, reaching $60.1 million for the first quarter of fiscal year 2022. The company's subscription revenue also grew by 23% year-over-year, representing 87% of total revenue. Domo's GAAP operating margin and non-GAAP operating margin improved significantly, and the company highlighted several recent achievements, including recognition in various industry reports and awards.

  • Total revenue increased by 24% year-over-year to $60.1 million.
  • Subscription revenue grew by 23% year-over-year to $52.1 million, representing 87% of total revenue.
  • Billings increased by 25% year-over-year to $58.2 million.
  • Remaining performance obligations (RPO) increased by 24% year-over-year to $284.3 million.

Headline financials

Total Revenue

$60.1M

Previous: $48.6M+23.7%
EPS (adj)

-$0.26

Previous: -$0.65+60.0%
Billings

$58.2M

Previous: $46.5M+25.2%
GAAP Operating Margin

-0.3%

Previous: -0.5%+44.4%
Non-GAAP Operating Margin

-0.1%

Previous: -0.3%+75.0%
Subscription RPO

$284M

No prior period
Capital Expenditures

-$1.78M

Previous: -$1.36M-30.4%
Free Cash Flow

-$19.9M

Previous: -$26.3M+24.3%
Net Income

-$18.1M

Previous: -$24.9M+27.3%
Operating Income

-$15M

Previous: -$22M+31.9%
Gross Profit

$44.9M

Previous: $34.5M+30.3%
Cash & Equivalents

$84.8M

Previous: $75.5M+12.3%
Total Assets

$192M

Previous: $197M-2.5%
Stock-Based Comp

$10.1M

No prior period

Revenue & EPS history

Domo · Revenue · Quarterly

$60.1M

Q1 2022+23.7%vs Q1 2021
Beat estimate in 1 of 15 quarters(7%)
ActualEstimate

Revenue by segment

Domo · $60.1M total across 2 segments · Q1 2022

  • Subscription
    $52.1M+22.8%
  • Professional Services & Other
    $7.95M+29.8%

Forward guidance

Domo provided revenue and non-GAAP net loss per share guidance for Q2 Fiscal 2022 and full year Fiscal 2022.

Tailwinds

  • Revenue is expected to be in the range of $60.0 million to $61.0 million for Q2 Fiscal 2022.
  • Non-GAAP net loss per share is expected to be between $0.35 and $0.39 based on 31.8 million weighted-average shares outstanding for Q2 Fiscal 2022.
  • Revenue is expected to be in the range of $246.0 million to $252.0 million for full year Fiscal 2022.
  • Non-GAAP net loss per share is expected to be between $1.33 and $1.41 based on 31.9 million weighted-average shares outstanding for full year Fiscal 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.5%

Avg return

Earnings day

-4.1%

Avg return

5 days after

-6.2%

Avg return

30 days after

41%

13 / 32 earnings

Positive

+29.0%

Q3 2019

Best reaction

-35.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-8.2%-0.6%
Q4 2026+13.0%-0.9%-44.7%
Q3 2026-23.7%-25.6%-28.3%
Q2 2026-12.8%-19.1%-10.2%
Q1 2026+0.0%-2.6%+6.2%
Q4 2025+16.0%+21.6%-5.8%
Q3 2025-20.0%-23.1%-28.8%
Q2 2025-3.1%-2.2%-5.7%
Q1 2025-4.8%-2.0%-7.5%
Q4 2024-15.8%-17.2%-24.2%
Q3 2024+6.0%-2.2%+7.2%
Q2 2024-35.8%-36.3%-43.8%
Q1 2024-14.0%-11.1%-2.1%
Q4 2023-16.3%-22.0%-9.9%
Q3 2023+20.9%+9.7%-14.2%
Q2 2023-26.2%-27.6%-40.0%
Q1 2023+15.4%+7.3%+11.8%
Q4 2022+7.6%-3.5%+13.6%
Q3 2022-24.9%-19.4%-22.8%
Q2 2022-7.5%-7.6%-12.7%
Q1 2022+2.1%+0.6%+26.7%
Q4 2021+0.3%+0.4%-7.5%
Q3 2021+21.6%+20.8%+72.8%
Q2 2021-9.5%-14.0%-14.6%
Q1 2021+3.4%-3.8%+14.4%
Q4 2020-17.9%-15.1%-21.7%
Q3 2020+19.3%+25.3%+9.6%
Q2 2020-34.6%-29.1%-31.9%
Q1 2020-6.5%-8.1%-11.0%
Q4 2019+24.0%+41.7%+25.7%
Q3 2019+29.0%+33.9%+16.8%
Q2 2019-7.9%+1.5%-8.8%
Q1 2019
Q4 2018
Q3 2017
Q2 2017
Q1 2017

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