Shares of Monday.com (NASDAQ: MNDY) are down nearly 25% today after the company reported its Q4 results and shared outlook.

Revenues came in at $95.5 million, up 91% YOY, and topping the analyst consensus of $88.3 million. Adjusted EPS loss was $0.26 in the quarter, compared to $0.64 per share loss in Q4 2020.

"We had another great quarter at monday.com and finished fiscal year 2021 exceptionally strong. Compared to last year, we delivered 91% revenue growth and 200% enterprise customer growth, while generating record free cash flow in Q4," said Monday.com founder and co-CEO, Roy Mann.

For the first quarter of 2022, the company expects revenue in the range of $100 million to $102 million, above the expected $94.8 million. The company also issued an upbeat FY2022 year forecast, expecting revenue in the range of $470 million to 475 million, above the analyst consensus of $443.2 million.

However, the MNDY stock was hit hard on expectations that the company will record an adjusted operating loss in the range of $142 million to $147 million for the year versus the consensus of $112.8 million. For this quarter, it anticipates adjusted operating loss to range between $45 million and $47 million, higher than the consensus of $32.2 million.

By Senad Karaahmetovic | [email protected]