Monday.com Stock Sinks as Loss Expands

Investopedia11-11

Key Takeaways Monday.com reported a significantly larger-than-expected operating loss, and negative operating margin also widened.The workforce management software provider posted a wider net loss ...

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Operating margin came in at negative 11% versus negative 1% a year ago.Monday.com said cybersecurity specialist Adi Dar was appointed Chief Operating Officer , and Chief Revenue Officer Yoni Osherov would be stepping down at the end of the year. The company noted a search is under way for Osherov's replacement.In the quarter, Monday.com posted a GAAP loss of $0.24 per share, missing forecasts. Adjusted EPS of $0.85 was better than expected. 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Operating margin came in at negative 11% versus negative 1% a year ago.\n\n\n  Revenue Chief Stepping Down  \n Monday.com said cybersecurity specialist Adi Dar was appointed Chief Operating Officer (COO), and Chief Revenue Officer Yoni Osherov would be stepping down at the end of the year. The company noted a search is under way for Osherov's replacement.\n\n\n In the quarter, Monday.com posted a GAAP loss of $0.24 per share, missing forecasts. Adjusted EPS of $0.85 was better than expected. Revenue jumped 33% to $251.0 million, topping estimates.\n\n\n Chief Financial Officer (CFO) Eliran Glazer said the company showed \"solid revenue growth and profitability, as well as improving retention trends as we continue to expand to larger customers.\"\n\n\n Monday.com boosted its outlook, anticipating full-year revenue of $964 million to $966 million, non-GAAP operating income of $121 million to $123 million, and operating margin of 12% to 13%. \n\n\n Shares of Monday.com had hit a three-year high on Friday, and even with today's declines they're still up more than 40% in 2024.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482773103"}