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Domo, Inc. Class B - DOMO STOCK NEWS

Welcome to our dedicated page for Domo Class B news (Ticker: DOMO), a resource for investors and traders seeking the latest updates and insights on Domo Class B stock.

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.

News

Domo Announces Domopalooza 2024: The AI + Data Conference

Rhea-AI Summary
Domo announces Domopalooza 2024 with Allie K. Miller as keynote speaker. The event will focus on leveraging artificial intelligence to take action on data, offering networking opportunities and instructional workshops. Attendees can register for the event in Salt Lake City, Utah.
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-4.71%
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Domo Receives Five Dresner Advisory Services 2023 Technology Innovation Awards

Rhea-AI Summary
Domo (Nasdaq: DOMO) has won five Dresner Advisory Services 2023 Technology Innovation Awards, showcasing its excellence in Analytical Platforms, Cloud Computing + BI, Embedded BI, Guided Analytics, and Self-Service BI. The awards highlight Domo's innovation and customer-centric approach, empowering businesses to drive growth and competitiveness.
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1.04%
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Domo Announces Fourth Quarter and Fiscal 2024 Financial Results

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Domo, Inc. (DOMO) reported its fiscal fourth quarter and full year fiscal 2024 results, with total revenue of $80.2 million and $319.0 million respectively. The company saw a 1% increase in total revenue for the quarter and a 3% increase for the full year. Subscription revenue increased by 2% year over year for the quarter and 5% for the full year. Billings for the quarter were $105.4 million, up 1% year over year, and $321.1 million for the full year, a decrease of 1% year over year. GAAP net loss was $18.7 million for the quarter and $75.6 million for the full year. Non-GAAP net loss was $1.9 million for the quarter and $8.8 million for the full year. Domo provided guidance for its first fiscal quarter and full year fiscal 2025, expecting revenue in the range of $79.0 million to $80.0 million for Q1 and $315.0 million to $323.0 million for the full year.
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-13.6%
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earnings
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Domo Announces Timing of its Fourth Quarter and Full-Year Fiscal 2024 Earnings Conference Call

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Domo (DOMO) to release Q4 and full-year fiscal 2024 results on March 7, 2024, followed by a conference call for financial discussion.
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3.14%
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Home Franchise Concepts Unlocks Insights and Makes Data Accessible with Domo Everywhere

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Domo (Nasdaq: DOMO) partners with Home Franchise Concepts, a leading franchisor, to improve business decisions and data sharing. The partnership enables Home Franchise Concepts to streamline processes, create dashboards, and optimize business opportunities using Domo Everywhere.
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-1.33%
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Domo Announces Term Loan Extended to 2026

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Domo (DOMO) extends debt maturity to April 1, 2026, under favorable market terms. CFO David Jolley highlights the importance of aligning capital structure with market prospects and plans for a longer-term facility to enhance financial position.
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1.98%
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Domo’s Mark Boothe Receives Marketing Leadership Award from Utah Business Magazine

Rhea-AI Summary
Domo's Chief Marketing Officer, Mark Boothe, wins Utah Business Magazine's SAMY award for Marketing Leadership. Boothe's customer-centric approach has led to significant results, including a 136% increase in Community Forum visits. His initiatives like Domo Central and Domo Connections Tour have strengthened customer relationships and driven impressive outcomes.
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-1.48%
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Domo’s Daren Thayne and Kristie J. Rowley Honored by AI Utah 100 as Leaders at the Forefront of Artificial Intelligence

Rhea-AI Summary
Domo's CTO and Sr. Director of AI Labs named to AI Utah 100 for their contributions to AI innovation. Daren Thayne recognized as an Integrator for developing Domo.AI framework, while Kristie J. Rowley, PhD honored as a Builder for innovating advanced AI solutions at Domo.
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5.26%
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Falvey Insurance Group Selects Domo to Create Actionable Data Experiences

Rhea-AI Summary
Domo (Nasdaq: DOMO) announced that Falvey Insurance Group has chosen Domo to bring together its disparate data sources into a single platform, resulting in 5x revenue growth. Falvey, a leading cargo insurance provider in the US, struggled with accessing proprietary data systems, causing delays in reporting. Domo's connectors enabled real-time data access, improving decision-making.
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2.94%
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Domo Ranked #1 Vendor in Dresner Advisory Services’ Analytical Platforms Report

Rhea-AI Summary
Domo (DOMO) has secured the first-place ranking in the latest Dresner Advisory Wisdom of Crowds Analytical Platforms Market Study. This marks the sixth Dresner distinction for the company in 2023. The ranking is based on confirmed functionality and collective end-user feedback, showcasing the company's full-stack, cloud native technology platform that supports multiple analytical and BI use cases.
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-1.32%
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FAQ

What is the current stock price of Domo Class B (DOMO)?

The current stock price of Domo Class B (DOMO) is $7.06 as of December 23, 2024.

What is the market cap of Domo Class B (DOMO)?

The market cap of Domo Class B (DOMO) is approximately 273.6M.

What does Domo, Inc. specialize in?

Domo, Inc. specializes in providing a cloud-based platform that connects data, systems, and people to optimize business performance.

How does Domo's platform benefit businesses?

Domo's platform offers real-time data access, notifications across devices, and actionable insights, helping businesses make informed decisions and improve efficiency.

What type of revenue model does Domo, Inc. use?

Domo, Inc. utilizes a subscription-based revenue model for its cloud-based platform, supplemented by professional services.

Who are the target users of Domo's platform?

The platform is designed for all employees within an organization, from CEOs to frontline workers, to connect them with necessary data and expertise.

How is Domo backed financially?

Domo is supported by over $500 million from some of the world's best investors.

Can Domo's platform be accessed on mobile devices?

Yes, Domo's platform can be managed and accessed from smartphones, allowing for on-the-go business management.

What recent achievements has Domo, Inc. accomplished?

Domo has expanded its customer base and enhanced its platform capabilities to better meet modern business needs.

What industries does Domo, Inc. cater to?

Domo caters to a wide range of industries, demonstrating its versatility and effectiveness in diverse business environments.

How does Domo ensure data security and integrity?

Domo integrates robust security measures to protect data and ensures seamless integration with existing systems of record.

Where can I find the latest news about Domo, Inc.?

You can find the latest news and updates about Domo, Inc. on their official website or through various financial news platforms.

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Domo, Inc. Class B

Nasdaq:DOMO

DOMO Rankings

#3619 Ranked by Market Cap
N/A Ranked by Dividends

DOMO Stock Data

273.56M
33.48M
6.81%
73.88%
4.66%
Software - Application
Services-prepackaged Software
Link
United States of America
AMERICAN FORK