MongoDB Stock Soared 11% Premarket on Strong Q4 Results, Upbeat Forecast

Tiger Newspress2022-03-09

MongoDB stock soared 11% premarket on strong q4 results, upbeat forecast.

MongoDB Q4 revenue grew 55.8% to $266.49M. Subscription revenue was $258.2M, up 58% Y/Y, and services revenue was $8.3M, up 17% Y/Y.

MDB expects Q1 non-GAAP loss per share of $0.12-$0.08, narrower than consensus estimate of $0.18.

Q1 revenue is expected to be $263M-267M, well above consensus estimate of $253.59M.

FY23 non-GAAP loss per share is projected to be $0.51-0.29 vs. consensus estimate of $0.62.

FY23 revenue is expected to be $1.15B-1.18B vs. consensus estimate of $1.14B.

"MongoDB delivered exceptional Q4 results, highlighted by delivering 85% Atlas revenue growth and surpassing $1B in annualized revenue," said CEO Dev Ittycheria.

As of Jan. 31, MDB had $1.8B in cash, cash equivalents, short-term investments and restricted cash.

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Comments

chqngchang
2022-03-09
chqngchang
[Smile]
JustLe
2022-03-09
JustLe
Ok
kctan
2022-03-09
kctan
Like please

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