Domo Intrinsic Stock Value – DOMO Reports FY2024 Q3 Earnings Results for October 31, 2023
December 6, 2023
🌥️Earnings Overview
DOMO ($NASDAQ:DOMO) revealed their fiscal year 2024 third quarter earnings results on November 30 2023, reporting total revenue of USD 79.7 million, a 0.8% growth from the same period in the prior year. Net income stood at USD -16.4 million, an improvement from the previous year of -23.7 million.
Market Price
DOMO, the leading business intelligence software platform, reported its financial results for the fiscal year 2024 third quarter (Q3) on Thursday, October 31, 2023. At the open of the market, DOMO stock opened at $10.0 and closed at $9.5, down by 1.1% from its last closing price of $9.6. The report included guidance for the upcoming fiscal fourth quarter of 2024 as well.
Additionally, it expects total non-GAAP net income to be between $10 and $11 million. Overall, DOMO reported positive financial results for the third quarter of 2024 and is expecting to continue to see strong growth in the fourth quarter. domo&utm_title=DOMO_Reports_FY2024_Q3_Earnings_Results_for_October_31_2023″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Domo. domo&utm_title=DOMO_Reports_FY2024_Q3_Earnings_Results_for_October_31_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 318.43 | -76.7 | -24.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Domo. domo&utm_title=DOMO_Reports_FY2024_Q3_Earnings_Results_for_October_31_2023″>More…
| Operations | Investing | Financing |
| -5.69 | -12.16 | 3.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Domo. domo&utm_title=DOMO_Reports_FY2024_Q3_Earnings_Results_for_October_31_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 208.22 | 358.99 | -4.18 |
Key Ratios Snapshot
Some of the financial key ratios for Domo are shown below. domo&utm_title=DOMO_Reports_FY2024_Q3_Earnings_Results_for_October_31_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.9% | – | -18.1% |
| FCF Margin | ROE | ROA |
| -5.6% | 23.8% | -17.3% |
Analysis – Domo Intrinsic Stock Value
At GoodWhale, we conducted an analysis of DOMO’s finances and calculated the intrinsic value of DOMO share to be around $44.6 using our proprietary Valuation Line. The current stock price of DOMO is $9.5 which puts it at a 78.7% discount from its intrinsic value. This indicates that there is a great opportunity for investors to buy DOMO stock at a highly discounted rate. Moreover, if the company performs in line with our expectations, DOMO stock has the potential to increase significantly in value over time. domo&utm_title=DOMO_Reports_FY2024_Q3_Earnings_Results_for_October_31_2023″>More…
Peers
In the business world, there is always competition. Domo Inc is no exception. It competes with other companies such as My Rewards International Ltd, Tintri Inc, and IntelliHR Ltd. While each company has its own strengths and weaknesses, they all strive to be the best in the industry. Domo Inc has an edge over its competitors because of its innovative technology and cutting-edge products. It is always looking for new ways to improve its products and services so that it can stay ahead of the competition.
– My Rewards International Ltd ($ASX:MRI)
Tintri Inc is a data storage company that specializes in providing solutions for virtualized environments. The company has a market cap of 675.02k and a ROE of 116.12%. Tintri’s products are designed to provide high performance, scalability, and ease of use for customers who are looking to improve their storage infrastructure. The company’s products are used by some of the world’s largest organizations, including Microsoft, Amazon, and Facebook.
– Tintri Inc ($OTCPK:TNTRQ)
IntelliHR Ltd is a provider of cloud-based human resources (HR) solutions. The company offers a suite of HR tools designed to help businesses manage their employee data, onboard new employees, and comply with HR regulations. IntelliHR’s solutions are used by businesses of all sizes, from small businesses to enterprise organizations.
The company has a market capitalization of 26.86 million as of 2022 and a return on equity of -55.59%. IntelliHR’s human resources solutions are used by businesses of all sizes to manage employee data, onboard new employees, and comply with HR regulations. The company’s cloud-based solutions offer a suite of HR tools that are designed to help businesses improve their HR processes.
Summary
Investors of DOMO should be encouraged by the Q3 results of FY2024, as revenue increased slightly despite the challenging market conditions. Net income also improved significantly, showing that the company is continuing to manage its expenses and become more efficient. Looking ahead, investors should consider the long-term potential of DOMO and its ability to capitalize on its unique technology. With a strong customer base and innovative products, the company is well-positioned to take advantage of future opportunities and deliver increasing returns for its shareholders.
