NASDAQ$DOMO
Domo Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Domo announced its financial results for the third quarter of fiscal year 2023, showing revenue growth and improvements in subscription gross margin and operating margin.
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.
Headline financials
Revenue & EPS history
Domo · Revenue · Quarterly
$79M
Revenue by segment
Domo · $79M total across 2 segments · Q3 2023
- Subscription$69M+21.9%87.4%
- Professional Services & Other$9.99M+18.0%12.6%
Forward guidance
Domo is providing the following guidance for its fourth fiscal quarter and full year fiscal 2023:
Tailwinds
- 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
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 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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