Domo Announces Fourth Quarter and Fiscal 2020 Financial Results

About this update from Domo, Inc.

[{"type":"text","content":"SILICON SLOPES, Utah, March 10, 2020 (GLOBE NEWSWIRE) -- Domo, Inc. (Nasdaq: DOMO) today announced results for the fiscal 2020 fourth quarter and year ended January 31, 2020.\n Fiscal Fourth Quarter Results Total revenue was $46.2 million, an increase of 17% year over yearSubscription revenue was $39.7 million, an increase of 24% year over yearSubscription revenue represented 86% of total revenueBillings were $65.0 million or 13% year-over-year growthNet cash and adjusted net cash used in operating activities was $15.3 million, an improvement of 45% year over yearSubscription gross margin was 76%, an improvement of 2 percentage points from Q4 FY19GAAP operating margin improved by 12 percentage points year over yearNon-GAAP operating margin improved by 12 percentage points year over yearGAAP net loss was $29.9 million, and GAAP net loss per share was $1.06, based on 28.0 million weighted-average shares outstandingNon-GAAP net loss was $23.7 million, and non-GAAP net loss per share was $0.85, based on 28.0 million weighted-average shares outstandingCash, cash equivalents and short-term investments were $98.8 million as of January 31, 2020 Full Year Fiscal 2020 Results Total revenue was $173.4 million, an increase of 22% year over yearSubscription revenue was $146.8 million, an increase of 25% year over yearSubscription revenue represented 85% of total revenueBillings were $189.2 million or 14% year-over-year growthNet cash used in operating activities was $80.2 million, an improvement of 39% year over yearAdjusted net cash used in operating activities was $72.4 million, an improvement of 45% year over yearSubscription gross margin was 76%, an improvement of 4 percentage points from FY19GAAP operating margin improved by 35 percentage points year over yearNon-GAAP operating margin improved by 35 percentage points year over yearGAAP operating expenses decreased by 2% year over yearNon-GAAP operating expenses decreased by 4% year over yearGAAP net loss was $125.7 million, and GAAP net loss per share was $4.57, based on 27.5 million weighted-average shares outstandingNon-GAAP net loss was $103.0 million, and non-GAAP net loss per share was $3.74, based on 27.5 million weighted-average shares outstanding Recent Highlights We believe the following points and accolades from the last quarter are additional indicators of what’s to come in o...

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