Domo Announces Fourth Quarter and Fiscal 2021 Financial Results

About this update from Domo, Inc.

[{"type":"text","content":" SILICON SLOPES, Utah--(BUSINESS WIRE)--\nDomo, Inc. (Nasdaq: DOMO) today announced results for its fiscal fourth quarter and year ended January 31, 2021.\n\nFiscal Fourth Quarter Results\n\n\nTotal revenue was $56.8 million, an increase of 23% year over year\n\n\nSubscription revenue was $50.0 million, an increase of 26% year over year\n\n\nSubscription revenue represented 88% of total revenue\n\n\nBillings were $82.8 million or 28% year-over-year growth\n\n\nRevenue allocated to remaining performance obligations (RPO) was $282.3 million as of January 31, 2021, an increase of 21% year over year\n\n\nRPO expected to be recognized as revenue in the next twelve months was $178.2 million as of January 31, 2021, an increase of 23% year over year\n\n\nNet cash and adjusted net cash provided by operating activities was $3.5 million, free cash flow was $2.1 million\n\n\nGAAP subscription gross margin was 81%, an improvement of 5 percentage points from Q4 FY20\n\n\nNon-GAAP subscription gross margin was 82%, an improvement of 5 percentage points from Q4 FY20\n\n\nGAAP operating margin improved by 29 percentage points year over year\n\n\nNon-GAAP operating margin improved by 33 percentage points year over year\n\n\nGAAP net loss was $19.6 million, and GAAP net loss per share was $0.65, based on 30.2 million weighted-average shares outstanding\n\n\nNon-GAAP net loss was $9.8 million, and non-GAAP net loss per share was $0.32, based on 30.2 million weighted-average shares outstanding\n\n\nCash and cash equivalents were $90.8 million as of January 31, 2021\n\n\nFull Year Fiscal 2021 Results\n\n\nTotal revenue was $210.2 million, an increase of 21% year over year\n\n\nSubscription revenue was $183.6 million, an increase of 25% year over year\n\n\nSubscription revenue represented 87% of total revenue\n\n\nBillings were $232.7 million or 23% year-over-year growth\n\n\nNet cash used in operating activities was $15.9 million, while adjusted net cash used in operating activities was $9.1 million, a year-over-year improvement of 80% and 87%, respectively\n\n\nGAAP subscription gross margin was 80%, an improvement of 4 percentage points from FY20\n\n\nNon-GAAP subscription gross margin was 81%, an improvement of 4 percentage points from FY20\n\n\nGAAP operating margin improved by 32 percentage points year over year\n\n\nNon-GAAP operating margin im...

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