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DeepNewz, mobile.
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Domo, Inc. announced its second quarter fiscal 2025 financial results, reporting total revenue of $78.4 million, marking a 2% decrease year over year. The company's GAAP net loss was $19.5 million, translating to a loss of $0.51 per share based on 38.4 million weighted-average shares outstanding. On a non-GAAP basis, the net loss was $2.7 million, with a loss per share of $0.07. Despite the decline in revenue, Domo's stock experienced a post-market increase of 6%. The company reported subscription revenue of $70.9 million and a 3% decrease in billings. Domo is facing financial challenges, burning $6 million for the quarter with $56 million in cash reserves.
Quarterly reminder that DOMO is still embarrassing itself out there as a publicCo. Spending $40M a qtr to generate zero new business. If your business needs $150M+ of S&M to retain customers, please shut down. https://t.co/Zc1N4Z9Gve
It’s rare for a public cloud stock to have declining revenue (-2% YoY). But when expectations are even worse then it can still have a positive reaction. Burning $6M for the quarter with $56M in the bank. Gotta figure it out soon… $DOMO https://t.co/kOGMDKvmBf
$DOMO | Post Market: +6% | Domo's Q2 Earning Report: $78.4M Revenue, GAAP EPS of ($0.51), Non-GAAP EPS of ($0.07) 👉 Business Highlights: ➡️ Total revenue decreased by 2% year over year to $78.4 million. ➡️ Subscription revenue was $70.9 million. ➡️ Billings decreased by 3%… https://t.co/H9g3WuPtU1
