By Connor Hart
Shares of Domo climbed after the company narrowed its fourth-quarter loss and logged higher-than-expected revenue, boosted by continued demand for artificial intelligence.
The stock rose 48%, to $6.47, in premarket trading Wednesday. Through Tuesday's close, shares have lost about half of their value over the past year.
The artificial-intelligence and data-products platform late Tuesday narrowed its net loss to $7.97 million, or 19 cents a share, from $17.7 million, or 45 cents a share, a year earlier.
Stripping out one-time items, the company reported adjusted earnings of 3 cents a share. Analysts polled by FactSet had expected an adjusted loss of 3 cents a share.
Total revenue ticked up 1.1% to $79.6 million, topping Wall Street models for $78.6 million.
Chief Executive Josh James said that during the recent quarter Domo notched record quarterly billings and its highest gross retention rate in over three years, reflecting strong demand from customers.
"We are seeing strong momentum as organizations push to operationalize AI, moving from pilots to real production deployments that deliver measurable ROI," he added.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 11, 2026 06:25 ET (10:25 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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