Domo, Inc. (NASDAQ: DOMO) reported Q2 EPS of ($0.17), $0.33 better than the analyst estimate of ($0.50). Revenue for the quarter came in at $51.1 million versus the consensus estimate of $49.03 million.

Fiscal Second Quarter Results

• Total revenue was $51.1 million, an increase of 23% year over year
• Subscription revenue was $44.3 million, an increase of 27% year over year
• Subscription revenue represented 87% of total revenue
• Billings were $47.6 million or 23% year-over-year growth
• Net cash used in operating activities was $4.8 million, an improvement of 74% year over year
• Subscription gross margin was 80%, an improvement of 5 percentage points from Q2 FY20
• GAAP operating margin improved by 38 percentage points year over year
• Non-GAAP operating margin improved by 41 percentage points year over year
• GAAP net loss was $17.9 million, and GAAP net loss per share was $0.62, based on 29.0 million weighted-average shares outstanding
• Non-GAAP net loss was $10.7 million, and non-GAAP net loss per share was $0.37, based on 29.0 million weighted-average shares outstanding
• Cash, cash equivalents and short-term investments were $83.4 million as of July 31, 2020

"Domo was built for this new world of work where business agility is imperative to surviving and thriving," said Josh James, founder and CEO, Domo. "Since our IPO, we have been relentlessly focused on growing our business, while at the same time making our growth more efficient and driving to cash flow positive with the cash on our balance sheet. In Q2, we once again made great progress on this front as we help CIOs, CDOs and IT leaders solve some of their most complex and strategic data challenges at a speed and scale our customers have told us they've never seen."

GUIDANCE:

Domo, Inc. sees Q3 2021 EPS of ($0.46)-($0.42), versus the consensus of ($0.45). Domo, Inc. sees Q3 2021 revenue of $51.2-52.2 million, versus the consensus of $49.59 million.

Domo, Inc. sees FY2021 EPS of ($1.91)-($1.83), versus the consensus of ($2.03). Domo, Inc. sees FY2021 revenue of $202.5-206.5 million, versus the consensus of $197.23 million.

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