Domo Announces Fourth Quarter and Fiscal 2024 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 ended January 31, 2024.\n\n\nFiscal Fourth Quarter Results\n\n\n\nTotal revenue was $80.2 million, an increase of 1% year over year\n\n\n\nSubscription revenue was $71.9 million, an increase of 2% year over year\n\n\n\nBillings were $105.4 million, an increase of 1% year over year\n\n\n\nNet cash provided by operating activities was $5.4 million\n\n\n\nGAAP operating margin increased by 4 percentage points year over year\n\n\n\nNon-GAAP operating margin increased by 1 percentage point year over year\n\n\n\nGAAP net loss was $18.7 million, and GAAP net loss per share was $0.51, based on 36.8 million weighted-average shares outstanding\n\n\n\nNon-GAAP net loss was $1.9 million, and non-GAAP net loss per share was $0.05, based on 36.8 million weighted-average shares outstanding\n\n\n\nCash, cash equivalents, and restricted cash were $60.9 million as of January 31, 2024\n\n\n\nFull Year Fiscal 2024 Results\n\n\n\nTotal revenue was $319.0 million, an increase of 3% year over year\n\n\n\nSubscription revenue was $285.5 million, an increase of 5% year over year\n\n\n\nBillings were $321.1 million, a decrease of 1% year over year\n\n\n\nNet cash provided by operating activities was $2.6 million\n\n\n\nGAAP operating margin increased by 12 percentage points year over year\n\n\n\nNon-GAAP operating margin increased by 5 percentage points year over year\n\n\n\nGAAP net loss was $75.6 million, and GAAP net loss per share was $2.10, based on 36.1 million weighted-average shares outstanding\n\n\n\nNon-GAAP net loss was $8.8 million, and non-GAAP net loss per share was $0.25, based on 36.1 million weighted-average shares outstanding\n\n\n\n“The strategic investments we’re making this year will help customers capitalize on the new opportunities offered through artificial intelligence (AI) and data, making it easier and faster to scale Domo’s full suite of solutions across the entire organization,” said Josh James, founder and CEO, Domo. “We’re confident in our focus areas to build on our momentum, and to position Domo for growth in the coming year.”\n\n\nRecent Highlights\n\n\nWe believe the following announcements and recognition demonstrate our commitment to product innovation and customer value:\n\n\n\nDomo received sever...

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