Domo Reports Revenue Beat of $0.59M Despite Non-GAAP EPS Miss

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The company surpassed revenue expectations by posting $79.46M, which was $0.59M higher than anticipated.

However, the Non-GAAP EPS of -$0.17 was in-line with expectations. Domo ($NASDAQ:DOMO) is a cloud-based software company that provides data visualization and collaboration tools to businesses. It offers data integration, analytics, and automation services that enable organizations to better understand their data and make decisions accordingly. The company’s products are designed to help customers gain visibility into their business operations and processes, enabling them to make more informed decisions. Despite this, the company is positioned for growth, as it continues to invest in its technology and expand its user base.

Earnings

Domo Inc. recently released its FY2023 Q4 earnings report ending January 31 2023, showing a total revenue of 79.62M USD, with a 13.8% increase compared to the previous year. This is a great success for the company, as it marks a significant increase in total revenue from 56.84M USD three years ago.

However, despite this positive news, the non-GAAP EPS was reported to have missed expectations and net income was at a loss of 19.81M USD. This news has been met with mixed reactions, with some analysts emphasizing the revenue beat and others noting the non-GAAP EPS miss. Despite this, many investors are still optimistic about the company’s future prospects. With the continued growth in total revenue, DOMO is well-positioned to capitalize on any potential growth opportunities that may come its way.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Domo. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Domo. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Domo. More…

Key Ratios Snapshot

Some of the financial key ratios for Domo are shown below. More…

Share Price

On Thursday, DOMO reported its quarterly earnings results that showed a revenue beat of $0.59M, but a non-GAAP EPS miss. Following the announcement, DOMO stock opened at $15.1 and closed at $14.8, down by 0.3% from its last closing price of $14.9. This miss could be attributed to higher expenses related to sales and marketing, research and development, and general administration. Domo_Reports_Revenue_Beat_of_0.59M_Despite_Non-GAAP_EPS_Miss”>Live Quote…

Analysis

At GoodWhale, we recently conducted an analysis of DOMO’s fundamentals. According to our Star Chart, DOMO is strong in the area of growth, however it is weak in asset, dividend, and profitability. From this, we classify DOMO as a ‘cheetah’, which We define as a company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors that may be interested in this type of company include those that are looking for short-term growth opportunities, or those willing to take on higher risk investments in order to potentially realize higher returns. However, DOMO has a low health score of 2/10 considering its cashflows and debt, making it less likely to sustain future operations in times of crisis. As such, potential investors should weigh the risk carefully when considering an investment in DOMO. Domo_Reports_Revenue_Beat_of_0.59M_Despite_Non-GAAP_EPS_Miss”>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 have reacted positively to DOMO‘s latest financials, with Non-GAAP EPS of -$0.17 in-line and revenue of $79.46M beating consensus estimates by $0.59M. Going forward, investors will be looking to DOMO’s ability to increase its customer base and expand its offerings to restore investor confidence.