NASDAQ$DOMO

Domo Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong results driven by market demand and increasing demand for data-enabled apps.

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

Headline financials

Total Revenue

$65.1M

Previous: $53.6M+21.3%
EPS (adj)

-$0.32

Previous: -$0.40+20.0%
Billings

$70.2M

Previous: $55.7M+26.0%
GAAP Operating Margin

-38.0%

Previous: -35.0%-8.6%
Non-GAAP Operating Margin

-11.0%

Previous: -16.0%+31.3%
Subscription RPO

$297M

Previous: $249M+19.3%
Capital Expenditures

-$4.97M

Previous: -$4.26M-16.6%
Free Cash Flow

-$33.5M

Previous: -$26.5M-26.4%
Net Income

-$28.5M

Previous: -$22.2M-28.3%
Operating Income

-$25M

Previous: -$18.9M-32.3%
Gross Profit

$47.9M

Previous: $39.2M+22.4%
Cash & Equivalents

$84.2M

Previous: $83.8M+0.5%
Total Assets

$211M

Previous: $193M+9.3%
Stock-Based Comp

$18.2M

No prior period

Revenue & EPS history

Domo · Revenue · Quarterly

$65.1M

Q3 2022+21.3%vs Q3 2021
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Domo · $65.1M total across 2 segments · Q3 2022

  • Subscription
    $56.6M+20.7%
  • Professional Services & Other
    $8.46M+25.5%

Forward guidance

Domo is providing the following guidance for its fourth fiscal quarter and full year fiscal 2022:

Tailwinds

  • 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

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 Q3 2022

Historical avgQ3 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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