MongoDB (MDB) Tops Q4 EPS by 3c, Beats on Revenues; Offers FY18 Revenue Outlook Above Consensus

MongoDB (NASDAQ: MDB) reported Q4 EPS of ($0.40), $0.03 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $45 million versus the consensus estimate of $42.16 million.

Fourth Quarter Fiscal 2018 Financial Highlights

• Revenue: Total revenue was $45.0 million in the fourth quarter fiscal 2018, an increase of 50% year-over-year. Subscription revenue was $41.9 million, an increase of 54% year-over-year, and services revenue was $3.2 million, an increase of 16% year-over-year.
• Gross Profit: Gross profit was $32.6 million in the fourth quarter fiscal 2018, representing a 72% gross margin, consistent with the year-ago period. Non-GAAP gross profit was $33.0 million, representing a 73% non-GAAP gross margin.
• Loss from Operations: Loss from operations was $27.3 million in the fourth quarter fiscal 2018, compared to $21.3 million in the year-ago period. Non-GAAP loss from operations was $21.1 million, compared to $16.8 million in the year-ago period.
• Net Loss: Net loss was $26.4 million, or $0.52 per share based on 50.3 million weighted-average shares outstanding, in the fourth quarter fiscal 2018. This compares to $21.8 million, or $1.69 per share based on 12.9 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net loss was $20.2 million, or $0.40 per share based on 50.3 million weighted-average shares outstanding, which we refer to as non-GAAP net loss per share. This compares to $17.2 million, or $0.44 per share based on 38.8 million non-GAAP weighted-average shares outstanding, in the year-ago period.
• Cash Flow: As of January 31, 2018, MongoDB had $279.5 million in cash, cash equivalents, short-term investments and restricted cash. During the three months ended January 31, 2018, MongoDB used $7.7 million of cash in operations and $0.4 million in capital expenditures, leading to negative free cash flow of $8.1 million, compared to negative free cash flow of $10.3 million in the year-ago period.

GUIDANCE:

MongoDB sees FY2019 EPS of ($1.66)-($1.62), versus the consensus of ($1.63). MongoDB sees FY2019 revenue of $211-215 million, versus the consensus of $205.89 million.

For earnings history and earnings-related data on MongoDB (MDB) click here.

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