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Domo, Inc. (DOMO) is a leading company that provides a cloud-based platform aimed at optimizing business performance by connecting data, systems, and people within an organization. With an impressive backing of over $500 million from top-tier investors and spearheaded by seasoned professionals from renowned technology companies, Domo ensures real-time access to data and insights, empowering every employee from the CEO to the frontline workers.
The Domo platform serves as a subscription-based service, enabling users to manage their business operations from their smartphones. Key features include real-time notifications on any device, immediate actions on invitations, and seamless write-backs to the original systems of record. This innovative approach allows businesses to stay agile, make data-driven decisions, and improve overall efficiency.
Recent achievements include expanding their customer base and continuously enhancing their platform's capabilities to meet the evolving needs of modern businesses. Domo's partnerships with various industries highlight its versatility and effectiveness in diverse business environments.
Financially, Domo has shown steady growth, driven by its strong subscription revenue model and professional services. The company's focus on continuous improvement and customer satisfaction places it as a significant player in the cloud-based business intelligence sector.
Stay updated with the latest news and developments about Domo, Inc. to understand its impact on the business intelligence landscape and its potential for future growth.
Domo announced its fiscal third-quarter results for the period ending October 31, 2024. Total revenue was $79.8 million, with subscription revenue at $71.1 million. Billings reached $73.4 million. Subscription RPO stood at $354.1 million, up 3% year over year, with $145.9 million expected to be recognized beyond twelve months, a 14% increase. Net cash used in operating activities was $13.7 million, and adjusted free cash flow was negative $13.8 million. GAAP operating margin was negative 14%, while non-GAAP operating margin was 3%. GAAP net loss was $18.8 million, or $0.48 per share. Non-GAAP net loss was $3.2 million, or $0.08 per share. Cash and cash equivalents were $40.9 million. CEO Josh James highlighted the company's focus on ecosystem-led growth and AI innovation. For Q4 fiscal 2025, Domo expects revenue between $77.5 million and $78.5 million, with a non-GAAP net loss per share of $0.13 to $0.17. For the full year, Domo projects revenue between $315.5 million and $316.5 million, with a non-GAAP net loss per share of $0.60 to $0.64.
Domo (Nasdaq: DOMO) has achieved the #1 ranking in Dresner Advisory Services' 2024 Analytical Platforms Report for the fourth consecutive year. The evaluation was based on confirmed functionality and user feedback, covering areas including data engineering, data catalog, self-service BI, data science, machine learning, embedded analytics, and cloud support.
This recognition marks Domo's seventh Dresner distinction in 2024, highlighting the company's strength in providing integrated technology environments for multiple analytical and business intelligence use cases. The platform focuses on enabling organizations to optimize their technology investments through simple integrations, accessible interactions, and intelligent automations.
Domo (Nasdaq: DOMO) has been named a leader in Nucleus Research's 2024 Embedded Analytics Technology Value Matrix for the fourth consecutive year. The evaluation focused on Domo Everywhere, highlighting its ability to embed analytics capabilities into applications, websites, and products. According to Nucleus Research interviews, customers achieved 10-35% time savings for analytics teams, 55-70% faster data request fulfillment, and a 300% increase in upsell adoption rates. The solution enables organizations to build customer-specific analytics, maintain brand consistency, and leverage AI-powered insights while reducing maintenance costs.
Domo (Nasdaq: DOMO) has announced a virtual event focused on demonstrating the capabilities of AI agents through its Domo.AI solution. The 60-minute session will showcase how organizations can leverage AI agents for operational excellence, customer engagement, and innovation.
The event will feature practical applications across industries, including solutions for customer support, fraud management, and product benchmarking. Speakers include Domo's leadership team and industry professionals from GUIDEcx and InformData. The virtual event is scheduled for December 4, 2024, at 11am MT.
Domo (Nasdaq: DOMO) has scheduled its third quarter fiscal 2025 earnings conference call for Thursday, December 5, 2024, following market close. The conference call will begin at 3:00 p.m. MT / 5:00 p.m. ET. Investors can join via live dial-in at (877) 484-6065 or (201) 689-8846, or through a webcast on Domo's Investor Relations website. A replay will be available until January 4, 2025, at (877) 660-6853 or (201) 612-7415 with access ID#13750075.
Domo (Nasdaq: DOMO) has announced an expanded partnership with VisionWrights, a data-driven consulting and implementation services provider. The collaboration aims to help customers implement cost-effective strategies and maximize returns on their data management technology investments, including AI solutions. VisionWrights specializes in assisting organizations with data-driven decision-making and technology implementation.
Domo (Nasdaq: DOMO) has been selected by Bond Vet as its global data technology platform. Bond Vet, a veterinary clinic chain with over 50 locations nationwide, will utilize Domo's AI-driven platform to streamline data management and enhance operational efficiency. The partnership aims to overcome previous challenges of managing disconnected data systems by implementing predictive analytics capabilities and user-friendly interfaces. This technology implementation will optimize performance across clinical operations, finance, marketing, business development, and customer service departments by providing real-time insights and improving decision-making processes.
Domo (NASDAQ: DOMO) has been ranked as an 'Overall Leader' in Dresner Advisory Services' 2024 Small and Midsize Enterprise Business Intelligence Market Study, marking its eighth consecutive year as a leader. The study evaluates BI trends and usage among SMEs, highlighting that organizations prioritize data security, quality, reporting, dashboards, and visualization. Domo achieved leadership positions in both the Customer Experience Model and Vendor Credibility Model, marking its sixth Dresner distinction in 2024. The research indicates that small organizations show higher BI penetration by headcount and measure success through customer satisfaction.
Domo (Nasdaq: DOMO) has been recognized as a 'Business Intelligence (BI) One to Watch' in Snowflake's Modern Marketing Data Stack 2025 report. The recognition highlights Domo's ability to deliver real-time insights into campaign performance, customer behavior, and marketing ROI using Snowflake's AI Data Cloud.
The report analyzed usage patterns from approximately 9,800 Snowflake customers as of April 2024, identifying 10 technology categories important for marketing data stacks. The study emphasizes three core factors: AI, data gravity, and privacy, marking a significant shift from the 2022 inaugural report. Domo's selection reflects its innovative approach to data and AI integration with Snowflake, serving marketers' evolving needs in the fast-growing AI landscape.
Domo (Nasdaq: DOMO) announced that Suyesh Karki, their chief information security officer and VP of enterprise IT, has been named a 2024 Living Color Award honoree by Utah Business. This award recognizes efforts to bring greater equity and inclusion to Utah. Karki, a Nepal native, has been acknowledged for his work in mentoring Nepali and other immigrants, guiding them through American universities, providing young professionals with exposure and experience, and organizing networking events for diverse student scholarships.
At Domo, Karki is deeply involved in DEI initiatives, educating employees about his culture and experiences as an AAPI community member. He also co-founded The Ama Foundation, which aids unhoused children and youth vulnerable to human trafficking. Domo's CHRO, Madison McCord, praised Karki's leadership and commitment to promoting diversity and mentorship, highlighting its value to Domo's inclusive culture.
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