MongoDB, Inc. - MDB STOCK NEWS

MongoDB, Inc. reported its financial results for Q4 and full year fiscal 2023, with total revenue of $361.3 million in Q4, marking a 36% year-over-year increase. The full year revenue reached $1,284.0 million, up 47% year-over-year. MongoDB Atlas revenue grew 50% year-over-year, constituting 65% of Q4 total revenue. The company had over 40,800 customers as of January 31, 2023. Despite these gains, losses persisted, with a net loss of $64.4 million in Q4 and $345.4 million for the full year. Looking ahead, MongoDB expects Q1 FY 2024 revenue between $344.0 million and $348.0 million.

MongoDB, Inc. (NASDAQ: MDB) announced that its CEO, Dev Ittycheria, and CFO, Michael Gordon, will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA. The presentation is scheduled for March 9, 2023, at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time). A live webcast will be available on MongoDB's investor relations website. With over 39,100 customers in more than 100 countries and over 325 million downloads of its database platform, MongoDB continues to empower innovators and disrupt industries through its developer data platform.

MongoDB (NASDAQ: MDB) announced it will release its fourth quarter and full year fiscal 2023 financial results on March 8, 2023, after U.S. market close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results and future business outlook. The call can be accessed via a webcast or by phone through a provided registration link. MongoDB has over 39,100 customers worldwide and its database platform has been downloaded over 325 million times.

MongoDB has announced its achievement of the FedRAMP Moderate Authorized designation for MongoDB Atlas for Government, enhancing its offerings for U.S. government agencies. This recognition allows government organizations to deploy secure, scalable applications using the platform, which adheres to stringent security standards, including compliance with CJIS requirements. Since its availability in June 2021, the service has enabled over 7,500 government organizations to quickly develop cloud-native applications. The FedRAMP authorization reflects MongoDB's commitment to data security in collaboration with AWS.

Pearl Health, a tech company focusing on physician enablement in value-based care, has raised $75 million in its Series B funding round, led by Andreessen Horowitz and Viking Global Investors. This funding, comprising $55 million in equity and $20 million in credit, increases Pearl's total funding to over $100 million. The firm reports over 800 primary care providers partnered, achieving 10x year-over-year growth, and expanding operations from 10 to 29 states. The investment will bolster Pearl's technology and expand its market presence to better support physicians in delivering proactive patient care.

MongoDB, Inc. (NASDAQ: MDB) announced that its COO and CFO, Michael Gordon, along with SVP of Finance, Serge Tanjga, will present at the 25th Annual Needham Growth Conference in New York. The presentation is scheduled for Tuesday, January 10, 2023, at 11:45 a.m. Eastern Time. Investors can access a live webcast of the presentation on the MongoDB investor relations website, followed by a limited-time replay.

MongoDB has over 39,100 customers globally and has facilitated over 325 million downloads of its database platform.

MongoDB reported Q3 FY2023 revenue of $333.6 million, a 47% increase year-over-year, with subscription revenue at $320.8 million. Atlas revenue grew 61%, comprising 63% of total revenue. The company faced a net loss of $84.8 million or $1.23 per share, slightly wider than the previous year. However, non-GAAP income from operations reached $19.8 million, up from $6.3 million. MongoDB maintains a strong cash position of $1.8 billion. Q4 revenue guidance is projected between $334 million and $337 million.