NASDAQ$DOMO

Domo Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced third quarter fiscal 2024 financial results, exceeding guidance for key top-line metrics and delivering record operating margin.

Domo's total revenue was $79.7 million, an increase of 1% year over year. Subscription revenue was $71.3 million, an increase of 3% year over year. The GAAP net loss was $16.4 million, and non-GAAP net loss was $24.0 thousand.

  • Total revenue increased by 1% year over year to $79.7 million.
  • Subscription revenue increased by 3% year over year to $71.3 million, representing 89% of total revenue.
  • Billings increased by 1% year-over-year to $74.8 million.
  • Remaining Performance Obligations (RPO) increased by 4% year over year to $367.2 million.

Headline financials

Total Revenue

$79.7M

Previous: $79M+0.8%
EPS (adj)

-$0.45

Previous: -$0.13-246.2%
Billings

$74.8M

Previous: $74M+1.1%
GAAP Operating Margin

-14.0%

Previous: -0.2%-5987.0%
Non-GAAP Operating Margin

6.0%

Previous: 0.0%+59900.0%
Subscription RPO

$367M

Previous: $354M+3.6%
Capital Expenditures

-$9.21M

Previous: -$5.07M-81.6%
Free Cash Flow

-$25.6M

Previous: -$28.8M+11.0%
Net Income

-$16.4M

Previous: -$23.7M+30.8%
Operating Income

-$11.2M

Previous: -$18.5M+39.4%
Gross Profit

$60.9M

Previous: $60.1M+1.3%
Cash & Equivalents

$57.4M

Previous: $71.1M-19.3%
Total Assets

$208M

Previous: $217M-4.2%
R&D Expense

$19.7M

No prior period
Stock-Based Comp

$16.4M

Previous: $19.2M-14.8%

Revenue & EPS history

Domo · Revenue · Quarterly

$79.7M

Q3 2024+0.8%vs Q3 2023
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Domo · $79.7M total across 2 segments · Q3 2024

  • Subscription
    $71.3M+3.3%
  • Professional Services & Other
    $8.38M-16.1%

Forward guidance

Domo is providing the following guidance for its fourth fiscal quarter and full year fiscal 2024. Q4 Fiscal 2024 Revenue is expected to be in the range of $79.0 million to $80.0 million

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 2024

Historical avgQ3 2024

-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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