NASDAQ$DOMO
Domo Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Domo's financial performance for the second quarter of fiscal year 2023 showed revenue growth and improvements in subscription gross margin.
Domo reported a 20% year-over-year increase in total revenue, reaching $75.5 million, with subscription revenue growing by 23% to $67.4 million. The company's billings increased by 21% year-over-year, and Remaining Performance Obligations (RPO) rose by 22%. Domo is focused on optimizing for long-term, sustainable growth and delivering speed-to-value to customers.
- Total revenue increased by 20% year-over-year, reaching $75.5 million.
- Subscription revenue grew by 23% year-over-year, totaling $67.4 million and representing 89% of total revenue.
- Billings increased by 21% year-over-year.
- Remaining Performance Obligations (RPO) increased by 22% year-over-year.
Headline financials
Revenue & EPS history
Domo · Revenue · Quarterly
$75.5M
Revenue by segment
Domo · $75.5M total across 2 segments · Q2 2023
- Subscription$67.4M+23.3%89.2%
- Professional Services & Other$8.13M-0.4%10.8%
Forward guidance
Domo is providing revenue and non-GAAP net loss per share guidance for Q3 Fiscal 2023 and full year Fiscal 2023.
Tailwinds
- Q3 Fiscal 2023 revenue is expected to be in the range of $76.0 million to $77.0 million.
- Q3 Fiscal 2023 non-GAAP net loss per share is expected to be between $0.23 and $0.27 based on 34.4 million weighted-average shares outstanding.
- Full Year Fiscal 2023 revenue is expected to be in the range of $305.0 million to $310.0 million.
- Full Year Fiscal 2023 non-GAAP net loss per share is expected to be between $0.88 and $0.96 based on 34.1 million weighted-average shares outstanding.
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 Q2 2023
-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
| Quarter | Report date | Reaction (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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