Domo Announces Second Quarter Fiscal 2025 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 second quarter ended July 31, 2024.\n\n\nFiscal Second Quarter Results\n\n\n\nTotal revenue was $78.4 million, a decrease of 2% year over year\n\n\n\nSubscription revenue was $70.9 million\n\n\n\nBillings were $68.6 million, a decrease of 3% year over year\n\n\n\nRemaining Performance Obligations (RPO) was $358.9 million as of July 31, 2024\n\n\n\nNet cash used in operating activities was $6.2 million\n\n\n\nAdjusted free cash flow was negative $5.6 million\n\n\n\nGAAP operating margin decreased by 5 percentage points year over year\n\n\n\nNon-GAAP operating margin decreased by 3 percentage points year over year\n\n\n\nGAAP net loss was $19.5 million, and GAAP net loss per share was $0.51, based on 38.4 million weighted-average shares outstanding\n\n\n\nNon-GAAP net loss was $2.7 million, and non-GAAP net loss per share was $0.07, based on 38.4 million weighted-average shares outstanding\n\n\n\nCash, cash equivalents, and restricted cash were $55.7 million as of July 31, 2024\n\n\n\n“We've made great progress with ecosystem partnerships and consumption customers in Q2, and are already seeing these strategic initiatives deliver exciting new opportunities for Domo,” said Josh James, founder and CEO, Domo. “We are now better positioned than ever to compete in today’s data and AI landscape, and I’m incredibly optimistic about our future.”\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 was named a leader in Nucleus Research’s 2024 Business Intelligence and Analytics Technology Value Matrix for the fourth consecutive year. Additionally, Domo and customer, Manulife Financial Corporation, were honored with a 2024 Nucleus Research ROI Award for achieving a total ROI of 184% through the adoption of the Domo platform.\n\n\n\nDomo was the top-ranked vendor in the Dresner Advisory Services’ 2024 Collective Insights report, placing ahead of 14 other vendors, and was named an overall leader in Dresner's 2024 Wisdom of Crowds® Industry Excellence Awards. In addition, Domo was named a leader in the Customer Experience and Vendor Credibility Models and received its eighth consecutive perfect recommendation score in Dresner's 2...

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