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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 has announced a strategic alliance with KPMG to enhance digital transformation for enterprises worldwide. As the first Work OS partner in the alliance, monday.com will leverage its no-code/low-code platform to create customized solutions for KPMG member firms. This partnership aims to boost operational efficiency and agility, helping organizations navigate complex business challenges. KPMG operates in 145 countries and serves over 80% of the Fortune Global 1000, providing monday.com access to a vast client base to drive innovation and growth.
monday.com reported a strong fiscal year 2021, with revenues reaching $308.2 million, a 91% increase year-over-year. The company showcased a robust net-dollar-retention rate of over 135% for customers with more than 10 users, and a 200% growth in customers generating over $50k ARR. Fourth-quarter revenue stood at $95.5 million, with significant improvements in operating loss metrics.
The firm also introduced innovative tools, including monday WorkForms and monday Canvas, strengthening its market position.
Monday.com has launched its most extensive marketing campaign, titled “Work without Limits”, which features a commercial airing during Super Bowl LVI on February 13th. The ad aims to showcase how its Work OS empowers organizations by enabling them to create tools and processes tailored to their needs. The campaign reaches an estimated 30 million viewers in major U.S. cities and includes various supporting advertisements. The company reported a 231% increase in enterprise customers and a 95% revenue growth in its last earnings.
monday.com (NASDAQ: MNDY) has announced it will release its financial results for Q4 and the fiscal year 2021 on February 23, 2022. A conference call will be held at 8:30 a.m. Eastern Time to discuss these results. The call will be accessible via telephone and an archived webcast will be available on the company's investor relations website. monday.com operates a customizable Work OS utilized by over 127,000 customers across more than 200 industries globally.
monday.com (NASDAQ: MNDY) reported third-quarter revenue of $83.0 million, a remarkable 95% year-over-year growth. The company achieved a net dollar retention rate exceeding 130% for customers with over 10 users, highlighting strong customer satisfaction. Annual recurring revenue from enterprise customers with over $50,000 surged by 231% year-over-year, reaching 613. Despite a GAAP operating loss of $29.2 million, improvements were noted with a negative operating margin of 35%. Cash and cash equivalents stood at $876.2 million, including IPO proceeds. The company expects fourth-quarter revenue between $87-$88 million.
monday.com Ltd. (NASDAQ: MNDY) announced it will report its financial results for Q3 2021 on November 10, 2021, at 8:30 a.m. ET. A conference call and webcast will follow to discuss the results. Investors can access financial information and the live webcast on the investor relations website. The company emphasizes the Work OS platform, which serves over 127,000 customers across more than 200 industries worldwide. This announcement is crucial for investors to track financial performance and future business developments.
monday.com (NASDAQ: MNDY) announces participation in two investor conferences: the Piper Sandler Global Technology Conference and the Jefferies Virtual Software Conference, both on September 14, 2021, at 9:00 am ET. Management will present in a fireside chat format, discussing recent events. Live webcasts will be available on monday.com’s investor relations page, with replays accessible post-event. monday.com serves over 127,000 customers globally, empowering teams with its customizable Work OS.
monday.com (NASDAQ: MNDY) reported a 94% revenue increase to $70.6 million for Q2 2021. The company highlighted its strong performance as a public entity, driven by expanding adoption of its Work OS platform. GAAP operating loss improved to $27.5 million, while non-GAAP loss was $9.9 million. Cash reserves stood at $878 million. Key achievements included a net dollar retention rate over 125%, growth in enterprise customers to 470, and the introduction of monday workdocs. The company forecasts Q3 revenue of $74-$75 million, reflecting a year-over-year growth of 74%-76%.
monday.com will release its financial results for Q2 ending June 30, 2021, on August 17, 2021. A conference call and webcast will follow at 8:30 a.m. ET to discuss the results. The company’s investor relations website will host the financial details and provide a link to the live broadcast. monday.com offers a Work OS that allows organizations to build tailored software applications for their management needs. Currently, over 127,000 customers use their platform globally across 200 industries.
monday.com announced the closing of its initial public offering (IPO) of 3,700,000 ordinary shares at $155.00 per share. Additionally, underwriters exercised an option for an extra 370,000 shares. The offering saw participation from Salesforce Ventures and Zoom Video, each purchasing 483,871 shares. The shares began trading on Nasdaq under the symbol MNDY on June 10, 2021. Lead managers included Goldman Sachs and J.P. Morgan.
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