Domo, Q3 Earnings Exceed Expectations, Analysts Report

Domo, Inc. (NASDAQ: DOMO) operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.


On December 6, 2018, DOMO released its Q3 earning report. The results and outlook topped Wall Street estimates. The company reported a third-quarter loss of $32.5 million, or $1.24 a share, compared with a loss of $43.9 million, or $27.27 a share, in the year-ago period. The adjusted loss was $1.06 a share. Revenue rose to $36.8 million from $28.3 million in the year-ago quarter. The company shares have gained significantly since the announcement.


December 4, 2018. Domo® has been named a Gold winner as the Enterprise Product of the Year in the software category by the Best in Biz Awards.  Domo is designed to help business decision makers across organizations – from the CEO to the frontline worker – transform the way they manage their business. Domo connects all a company’s data, people and systems to create a digitally connected organization, empowering anyone across the business to run their business from their phone.


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Domo, Inc. operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones. The company also offers a Programmatic Revenue Solution that brings complex data from ad servers and sell-side platforms into a set of cards and dashboards built on practices in the ad tech industry. The company was formerly known as Domo Technologies, Inc. and changed its name to Domo, Inc. in December 2011. Domo, Inc. was founded in 2010 and is headquartered in American Fork, Utah.



7 Wall Street analysts have issued ratings and price targets for Domo in the last 12 months. Their average twelve-month price target is $27.00, suggesting that the stock has a possible upside of 29.57%. The high price target for DOMO is $35.00 and the low-price target for DOMO is $20.00. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”


Date                    Brokerage                         Action                 Rating                 Price Target

9/7/2018            Credit Suisse Group        Boost Target      Outperform              $25.00 ➝ $27.00

9/7/2018            Morgan Stanley               Boost Target      Overweight              $28.00 ➝ $29.00

9/7/2018            JMP Securities                 Boost Target      Outperform              $30.00 ➝ $35.00

7/24/2018          Cowen                               Initiated Cover  Outperform              $27.00  High

7/24/2018          William Blair                    Initiated Cover  Outperform

7/24/2018          UBS Group                       Initiated Cover  Neutral               $20.00

7/13/2018          Susquehanna Banc         Initiated Cover  Positive               $24.00




Financial review

Fiscal Third Quarter Results:


Total revenue was $36.8 million, an increase of 30% year over year

Subscription revenue represented 83% of total revenue

Billings were $38.8 million or 29% year-over-year growth

Subscription gross margin was 73% compared to 60% in Q3 fiscal 2018

GAAP operating margin improved by 73 percentage points year over year

Non-GAAP operating margin improved by 77 percentage points year over year

GAAP operating expenses decreased 10% year over year

Non-GAAP operating expenses decreased 14% year over year

GAAP net loss was $32.5 million, and GAAP net loss per share was $1.24, based on 26.3 million weighted-average shares outstanding

Non-GAAP net loss was $27.9 million, and non-GAAP net loss per share was $1.06, based on 26.3 million weighted-average shares outstanding

Cash and cash equivalents were $206.0 million


Stock influences and risk factors

They have been growing and expect to continue to invest in growth for the foreseeable future. If they fail to manage this growth effectively, the business and operating results will be adversely affected.

Their ability to raise capital in the future may be limited, and if they fail to raise capital when needed in the future, they could be prevented from growing or could be forced to delay or eliminate product development efforts or other operations.

They face intense competition, and may not be able to compete effectively, which could reduce demand for their platform and adversely affect business, growth, revenue and market share.

The loss of one or more of their key customers, or a failure to renew subscription agreements with one or more key customers, could negatively affect their ability to market their platform.


Stock chart


On Monday, December 10, 2018, DOMO shares were at $21.16 on traded volume of 762K shares. The current RSI (14) is 70.47.

At $21.16, DOMO shares are trading above their 50 DMA of $17.28.



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