Domo, Inc. Class B - DOMO STOCK NEWS

Domo (NASDAQ: DOMO) released a report revealing that businesses could save $6.5B weekly by improving data access and technology, a key factor in worker productivity. The study surveyed over 3,000 employees, finding that 31% are unaware of their company's strategy, and 45% desire better data access. Almost 62% believe enhanced tech would increase their job satisfaction. The report suggests that 58% of employees acknowledged that improved access to technology could help navigate economic challenges. The study highlights a troubling trend of 'Sleepworking,' with 24% reporting high turnover in the last year, escalating to 71% among those lacking tech tools.

Domo (Nasdaq: DOMO) will announce its financial results for the fourth quarter and full year of fiscal 2023, ending January 31, 2023, after the market closes on March 6, 2023. A conference call will be held at 3:00 p.m. (MT) to discuss these results with investors and stakeholders. Participants must register in advance for the call. A replay will be available until March 20, 2023. Domo offers a low-code data app platform aimed at transforming business operations by enhancing data accessibility and insights.

Domo (NASDAQ: DOMO) has announced Domopalooza 2023, a virtual event scheduled for March 29, 2023. This ninth annual event features business and tech leaders from companies like Constellium and CleanChoice Energy, who will share insights on leveraging data for enhanced business impact. The event includes workshops, roundtable discussions, and training sessions aimed at modernizing business processes through data utilization. Attendees are encouraged to register and explore an agenda with over 20 breakout sessions designed to showcase Domo’s innovative approaches to business intelligence.

Domo (Nasdaq: DOMO) will present at the 25th Annual Needham Growth Conference on Thursday, January 12, 2023, at 10:15 am ET. The presentation can be accessed via a live webcast on Domo's Investor Relations website. Domo's platform empowers users to create data applications, streamlining business processes significantly. This event highlights Domo's commitment to innovation and its role in transforming business data utilization.

Domo has been recognized as the top vendor in the Dresner Advisory Services’ 2022 Analytical Platforms Market Study, outperforming 15 other companies. This ranking reflects Domo's functionality, validated by user feedback and analyst input. The company has achieved seven distinctions from Dresner this year, including top rankings across several key studies. Domo's CEO commented on the significance of this recognition in enhancing customer outcomes by providing an integrated technology platform for business intelligence.

Domo (NASDAQ: DOMO) has partnered with MATTER, a Minnesota-based NGO, to enhance the MATTER Innovation Hub (MIH). This initiative aims to improve student-centered learning globally by providing access to modern technology and educational resources. Since its inception in 2017, MIH has expanded to 12 sites across five countries, affecting over 11,000 students. Domo's involvement will enhance data collection and analysis, helping MATTER measure program success and student outcomes, thereby promoting creativity and problem-solving skills among students.

Domo, Inc. (Nasdaq: DOMO) reported fiscal Q3 results for the period ending October 31, 2022, with total revenue of $79.0 million, a 21% year-over-year increase. Subscription revenue reached $69.0 million (up 22% YOY), comprising 87% of total revenue. Billings grew by 5% to $74.0 million, while Remaining Performance Obligations rose 19% to $354.3 million. The company reported a GAAP net loss of $23.7 million and a non-GAAP net loss of $4.5 million. Domo maintains a positive outlook, forecasting Q4 revenue between $77.0 million and $78.0 million.