Vendor » Domo

SILICON SLOPES, Utah, June 8, 2020 – Domo, Inc. announced results for the fiscal 2021 first quarter ended April 30, 2020.

Fiscal First Quarter Results

• Total revenue was $48.6 million, an increase of 19% year over year
• Subscription revenue was $42.4 million, an increase of 23% year over year
• Subscription revenue represented 87% of total revenue
• Billings were $46.5 million or 13% year-over-year growth
• Net cash used in operating activities was $12.9 million, an improvement of 52% year over year
• Adjusted net cash used in operating activities was $9.3 million, an improvement of 58% year over year
• Subscription gross margin was 79%, an improvement of 2 percentage points from Q1 FY20
• GAAP operating margin improved by 36 percentage points year over year
• Non-GAAP operating margin improved by 34 percentage points year over year
• GAAP net loss was $24.9 million, and GAAP net loss per share was $0.88, based on 28.5 million weighted-average shares outstanding
• Non-GAAP net loss was $18.4 million, and non-GAAP net loss per share was $0.65, based on 28.5 million weighted-average shares outstanding
• Cash, cash equivalents and short-term investments were $88.1 million as of April 30, 2020

“Our company was built to deliver exactly what is needed today — real-time information packaged for easy consumption, for widespread distribution on any device, at massive scale, and available in record time,” said Josh James, founder and CEO, Domo. Read more…