Domo, Inc. (NASDAQ: DOMO) reported Q1 EPS of ($0.65), $0.26 better than the analyst estimate of ($0.91). Revenue for the quarter came in at $48.6 million versus the consensus estimate of $45.65 million.

Fiscal First Quarter Results

• Total revenue was $48.6 million, an increase of 19% year over year
• Subscription revenue was $42.4 million, an increase of 23% year over year
• Subscription revenue represented 87% of total revenue
• Billings were $46.5 million or 13% year-over-year growth
• Net cash used in operating activities was $12.9 million, an improvement of 52% year over year
• Adjusted net cash used in operating activities was $9.3 million, an improvement of 58% year over year
• Subscription gross margin was 79%, an improvement of 2 percentage points from Q1 FY20
• GAAP operating margin improved by 36 percentage points year over year
• Non-GAAP operating margin improved by 34 percentage points year over year
• GAAP net loss was $24.9 million, and GAAP net loss per share was $0.88, based on 28.5 million weighted-average shares outstanding
• Non-GAAP net loss was $18.4 million, and non-GAAP net loss per share was $0.65, based on 28.5 million weighted-average shares outstanding
• Cash, cash equivalents and short-term investments were $88.1 million as of April 30, 2020

"Our company was built to deliver exactly what is needed today — real-time information packaged for easy consumption, for widespread distribution on any device, at massive scale, and available in record time,” said Josh James, founder and CEO, Domo. "We are pleased we could help the governors of three states have access to the actionable data they need to manage through the current health crisis. We are now applying the same capabilities to the private sector to help them manage their employee base and help them safely get back to work with apps and solutions built on our platform to address this specific opportunity."

Recent Highlights

GUIDANCE:

Domo, Inc. sees Q2 2021 EPS of ($0.52)-($0.48), versus the consensus of ($0.60). Domo, Inc. sees Q2 2021 revenue of $48.5-49.5 million, versus the consensus of $45.83 million.

Domo, Inc. sees FY2021 EPS of ($2.06)-($1.96), versus the consensus of ($2.49). Domo, Inc. sees FY2021 revenue of $194-200 million, versus the consensus of $186.88 million.

For earnings history and earnings-related data on Domo, Inc. (DOMO) click here.