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RXA Acquires Utah-Based Business Intelligence Services Firm, Yapa Group

Apr 24, 2020 |

ANN ARBOR, Mich., April 24, 2020 — RXA announced it has completed its purchase of Yapa Group. As a big data and analytics consulting firm, Yapa Group brings experienced team members and new clients to RXA. Read more…

Domopalooza Live and On-Demand Replay Now Available for Free

Mar 25, 2020 |

SILICON SLOPES, Utah, March 25, 2020 —  Domo announced that Domopalooza LIVE and On-Demand is now available as a free replay. Domopalooza LIVE and On-Demand was the company’s first 100% virtual event, created as a way to stay close to customers following the cancellation of its annual March gathering of more than 3,000 people in Salt Lake City due to COVID-19 concerns. Read more…

Domo Announces Support for Amazon SageMaker Autopilot

Mar 20, 2020 |

SILICON SLOPES, Utah, March 20, 2020 — Domo announced new capabilities in the Domo Business Cloud, including automatic machine learning (AutoML), recommended actions, and drag-and-drop predictive model deployment through support for Amazon SageMaker Autopilot. Read more…

Domo Announces New Augmented Capabilities in the Business Cloud

Mar 19, 2020 |

SILICON SLOPES, Utah, March 19, 2020 — Domo announced it is making it even easier to get BI leverage at cloud scale in record time through new augmented capabilities in the Domo Business Cloud. Read more…

Domo Announces Fourth Quarter and Fiscal 2020 Financial Results

Mar 10, 2020 |

SILICON SLOPES, Utah, March 10, 2020 – Domo, Inc. announced results for the fiscal 2020 fourth quarter and year ended January 31, 2020.

Fiscal Fourth Quarter Results

  • Total revenue was $46.2 million, an increase of 17% year over year
  • Subscription revenue was $39.7 million, an increase of 24% year over year
  • Subscription revenue represented 86% of total revenue
  • Billings were $65.0 million or 13% year-over-year growth
  • Net cash and adjusted net cash used in operating activities was $15.3 million, an improvement of 45% year over year
  • Subscription gross margin was 76%, an improvement of 2 percentage points from Q4 FY19
  • GAAP operating margin improved by 12 percentage points year over year
  • Non-GAAP operating margin improved by 12 percentage points year over year
  • GAAP net loss was $29.9 million, and GAAP net loss per share was $1.06, based on 28.0 million weighted-average shares outstanding
  • Non-GAAP net loss was $23.7 million, and non-GAAP net loss per share was $0.85, based on 28.0 million weighted-average shares outstanding
  • Cash, cash equivalents and short-term investments were $98.8 million as of January 31, 2020

Full Year Fiscal 2020 Results

  • Total revenue was $173.4 million, an increase of 22% year over year
  • Subscription revenue was $146.8 million, an increase of 25% year over year
  • Subscription revenue represented 85% of total revenue
  • Billings were $189.2 million or 14% year-over-year growth
  • Net cash used in operating activities was $80.2 million, an improvement of 39% year over year
  • Adjusted net cash used in operating activities was $72.4 million, an improvement of 45% year over year
  • Subscription gross margin was 76%, an improvement of 4 percentage points from FY19
  • GAAP operating margin improved by 35 percentage points year over year
  • Non-GAAP operating margin improved by 35 percentage points year over year
  • GAAP operating expenses decreased by 2% year over year
  • Non-GAAP operating expenses decreased by 4% year over year
  • GAAP net loss was $125.7 million, and GAAP net loss per share was $4.57, based on 27.5 million weighted-average shares outstanding
  • Non-GAAP net loss was $103.0 million, and non-GAAP net loss per share was $3.74, based on 27.5 million weighted-average shares outstanding

Recent Highlights

We believe the following points and accolades from the last quarter are additional indicators of what’s to come in our business through our commitment to product innovation, go-to-market initiatives and customer success: Read more…

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