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monday.com Ltd. (NASDAQ: MNDY) is a leading provider of cloud-based work management software designed to improve efficiency, transparency, and collaboration within teams. Founded in 2012 and launched as an independent entity in 2014, the company has transformed the way businesses operate by offering flexible and highly customizable solutions that cater to a variety of business processes and use cases.
The core service of monday.com is its work operating system (Work OS), which facilitates workflow management across departments, real-time visibility, and accountability, and incorporates automation tools to streamline operations. The platform supports various business functions such as project management, CRM, DevOps, and marketing, providing a centralized hub for teams to collaborate and manage their tasks.
monday.com has also developed specialized tools like prepackaged CRM solutions, DevOps management platforms, standalone survey modules, and digital whiteboard tools. This diversity in offerings allows organizations to tailor the software precisely to their needs, enhancing productivity and effectiveness.
As of 2023, monday.com has a global presence, serving over 225,000 customers in more than 200 countries. The firm is praised for its user-friendly interface, robust functionality, and the ability to integrate seamlessly with other business tools. Recent achievements include strategic partnerships to expand their ecosystem and continuous updates to enhance product features and user experience.
Financially, monday.com has shown significant growth, driven by its subscription-based revenue model. The company reinvests heavily in research and development to maintain its competitive edge and deliver innovative solutions. This approach has led to a loyal customer base and positive feedback for its 24/7 customer support service.
Overall, monday.com is not just a software provider but a catalyst for creating a culture of transparency and empowerment within organizations, enabling teams to achieve more and be happier in their work environment.
monday.com Ltd. (NASDAQ: MNDY), a leading Work OS platform, has announced it will report its financial results for Q1 2023 on May 15, 2023. Management will host a conference call and webcast at 8:30 a.m. Eastern Time to discuss these results. Interested parties can access the call via telephone or through the investor relations website, where the results will also be available. This event highlights the company's commitment to transparency and engagement with its investors, offering insights into its financial performance and strategies moving forward.
monday.com (NASDAQ: MNDY) announces the opening of its platform for third-party developers to create AI applications on its WorkOS, launching with the monday AI Assistant in May 2023. The initiative aims to democratize software development, enabling users to tailor workflows through upcoming AI features.
The introduction includes automated task generation, email composition, and summarization tools. An external hackathon is planned for June 20-22, 2023, in London, New York, and Tel Aviv to foster developer innovation.
monday.com emphasizes secure data handling and aims to enhance customization capabilities for users, regardless of coding skills, marking a significant evolution in its AI integration strategy.
monday.com Ltd. has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission. The report includes the company's audited financial statements. Investors can access the report on the investor relations website of monday.com as well as on the SEC's website. As a work operating system, monday.com supports organizations in creating customized tools and processes to enhance work management. The platform has seen adoption by over 186,000 customers across diverse industries.
monday.com (NASDAQ: MNDY) has opened its new Asia-Pacific headquarters in Sydney, aiming to leverage growth in the region as it surpasses 13,000 customers in Australia. The new office, located in the CBD, spans over 1,000 square metres and reflects the company's commitment to the local market. This expansion follows a 76% increase in headcount in Australia over the past year. The office design embodies the company's core values, fostering collaboration and inclusivity. monday.com aims to strengthen connections with customers and partners like Canva and Tourism Australia.
monday.com (NASDAQ: MNDY) has announced participation in several investor conferences, showcasing its work operating system capabilities. The conferences include:
- Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 11:00 am ET, San Francisco, CA.
- KeyBanc Capital Markets Emerging Technology Summit on March 7, 2023, at 2:00 pm ET, San Francisco, CA.
- Loop Capital Annual Investor Conference on March 13, 2023, virtually (1x1 meetings only).
These presentations will feature discussions with research analysts and will be available for live streaming on monday.com’s investor relations website.
Appfire has partnered with monday.com (NASDAQ: MNDY) to enhance its app marketplace. This collaboration aims to enable monday.com users to better customize their workflow through new apps that cater to diverse business needs. Since launching its marketplace in 2022, monday.com has attracted over 1.5 million visitors and 380,000 app installs. Appfire will contribute apps like Planning Poker and Dashboard Hub to optimize user experiences, supporting both project management and data visualization. The partnership emphasizes innovation, enhancing collaboration tools for teams across various sectors.
monday.com (NASDAQ: MNDY) reported a fiscal year 2022 revenue of $519.0 million, growing 68% year-over-year. The company achieved a positive adjusted free cash flow for the second consecutive year, with significant growth in customers—86% increase in those generating over $50k ARR. In Q4 alone, revenue reached $149.9 million (57% year-over-year growth). However, the GAAP net loss for the fiscal year was $2.99 per share. Looking ahead, monday.com anticipates 2023 revenue between $688 million and $693 million, reflecting a 33% to 34% growth expectation.
monday.com Ltd. (NASDAQ: MNDY) has announced it will report its financial results for the fourth quarter and fiscal year 2022 on
monday.com (NASDAQ: MNDY) has officially opened a new North American office in Denver, spanning over 10,000 square feet, to enhance its sales capabilities. This addition supports the company's expansion efforts, following previous openings in New York City, Miami, and Chicago. The Denver office aims to foster a hybrid work environment and accommodate 45 employees with room for growth. Executives emphasize the value of in-person collaboration and closeness to customers as key drivers for success in 2023.
monday.com has promoted Yoni Osherov to Chief Revenue Officer (CRO), the first to hold this title, to enhance customer experience and drive growth. He will lead over half of the global team, focusing on areas such as sales, marketing, and customer success. Osherov, who joined the company in 2017, has been integral in scaling the sales team significantly. This role aims to foster efficiency and collaboration across departments, ensuring a seamless customer journey as the company continues its upward trajectory.
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