Domo (NASDAQ:DOMO) Exceeds Q3 Expectations

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Domo (NASDAQ:DOMO) Exceeds Q3 Expectations Data visualization and business intelligence company Domo (NASDAQ:DOMO) reported Q3 CY2024 results topping the market’s revenue expectations , but sales ...

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The company expects next quarter’s revenue to be around $78 million, close to analysts’ estimates. Its non-GAAP loss of $0.08 per share was 45.9% above analysts’ consensus estimates.Revenue Guidance for Q4 CY2024 is $78 million at the midpoint, roughly in line with what analysts were expecting. Founded by Josh James after selling his former business Omniture to Adobe, Domo  provides business intelligence software that allows managers to access and visualize critical business metrics in real-time, using their smartphones.Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Unfortunately, Domo’s 9.2% annualized revenue growth over the last three years was sluggish. This was below our s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4588":"碎股","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","TQQQ":"纳指三倍做多ETF","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4112":"金融交易所和数据","CAC":"卡姆登国家银行","BK4023":"应用软件","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","DOMO":"Domo Inc.","QID":"纳指两倍做空ETF","BK4211":"区域性银行","NDAQ":"纳斯达克OMX交易所"},"translate_title":"Domo（纳斯达克：DOMO）第三季度超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAC":1,"DOMO":1,"NDAQ":1,".IXIC":1,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Domo (NASDAQ:DOMO) Exceeds Q3 Expectations \n \n\nData visualization and business intelligence company Domo (NASDAQ:DOMO) reported Q3 CY2024 results topping the market’s revenue expectations , but sales were flat year on year at $79.76 million. The company expects next quarter’s revenue to be around $78 million, close to analysts’ estimates. Its non-GAAP loss of $0.08 per share was 45.9% above analysts’ consensus estimates. \nIs now the time to buy Domo? Find out in our full research report.\n\nDomo (DOMO) Q3 CY2024 Highlights:\n\nRevenue: $79.76 million vs analyst estimates of $77.55 million (flat year on year, 2.9% beat)\nAdjusted EPS: -$0.08 vs analyst estimates of -$0.15 ($0.07 beat)\nAdjusted Operating Income: $2.01 million vs analyst estimates of -$1.23 million (2.5% margin, $3.2 million beat)\nRevenue Guidance for Q4 CY2024 is $78 million at the midpoint, roughly in line with what analysts were expecting\nManagement lowered its full-year Adjusted EPS guidance to $0.62 at the midpoint, a 15.1% decrease\nOperating Margin: -13.9%, in line with the same quarter last year\nFree Cash Flow was -$13.77 million compared to -$8.38 million in the previous quarter\nBillings: $73.4 million at quarter end, down 1.9% year on year\nMarket Capitalization: $385.5 million\n\n\n“Our focus on ecosystem-led growth, consumption-based contracts and AI innovation is paying off with promising momentum, as we see more demand for Domo as an anchor technology in customers’ data stacks,” said Josh James, founder and CEO, Domo.\nCompany Overview\nFounded by Josh James after selling his former business Omniture to Adobe, Domo (NASDAQ:DOMO) provides business intelligence software that allows managers to access and visualize critical business metrics in real-time, using their smartphones. \nData Analytics\nOrganizations generate a lot of data that is stored in silos, often in incompatible formats, making it slow and costly to extract actionable insights, which in turn drives demand for modern cloud-based data analysis platforms that can efficiently analyze the siloed data.\nSales Growth\nExamining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Unfortunately, Domo’s 9.2% annualized revenue growth over the last three years was sluggish. This was below our standard for the software sector and is a rough starting point for our analysis. \n\nThis quarter, Domo’s $79.76 million of revenue was flat year on year but beat Wall Street’s estimates by 2.9%. Company management is currently guiding for a 2.7% year-on-year decline in sales next quarter. \nLooking further ahead, sell-side analysts expect revenue to decline by 1.7% over the next 12 months, a deceleration versus the last three years. This projection is underwhelming and indicates its products and services will see some demand headwinds. \nUnless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories.\nBillings\nBillings is a non-GAAP metric that is often called “cash revenue” because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract. \nDomo’s billings came in at $73.4 million in Q3, and it averaged 2.6% year-on-year declines over the last four quarters. This alternate topline metric underperformed its total sales, meaning the company recognizes revenue faster than it collects cash - a headwind for its liquidity that could also signal a slowdown in future revenue growth. \nCustomer Acquisition Efficiency\nThe customer acquisition cost (CAC) payback period measures the months a company needs to recoup the money spent on acquiring a new customer. This metric helps assess how quickly a business can break even on its sales and marketing investments. \nDomo’s recent customer acquisition efforts haven’t yielded returns as its CAC payback period was negative this quarter, meaning its sales and marketing investments outpaced its revenue. The company’s inefficiency indicates it operates in a highly competitive environment where there is little differentiation between Domo’s products and its peers. \nKey Takeaways from Domo’s Q3 Results\nBillings in the quarter missed meaningfully, although revenue beat. Looking ahead, the company lowered full year adjusted EPS guidance despite slightly raising full year revenue guidance. This is a signal of worse future profitability and expense efficiency. Overall, this was a mediocre quarter. Shares traded down 2.7% to $9.50 immediately after reporting. \nShould you buy the stock or not? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","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":"4.29.4","shortVersion":"4.29.4","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/2489173804"}