Q1 2027 Domo Inc Earnings Call Transcript
Key Points
- Domo Inc (DOMO) is in advanced negotiations for a strategic transaction, which could maximize shareholder value.
- The company has seen a meaningful improvement in gross retention, up 240 basis points year over year.
- Domo Inc (DOMO) has expanded its forward-deployed engineering team to help customers operationalize AI quickly.
- The company has been recognized as a leader in multiple industry reports, highlighting its strong position in the BI and AI markets.
- Domo Inc (DOMO) has a cooperative relationship with its lender, providing runway for strategic transactions despite current debt classification issues.
- Domo Inc (DOMO) did not meet the minimum ARR covenant under its existing debt facility, leading to a current classification of debt on the balance sheet.
- Total revenue for the quarter was $79.4 million, with subscription revenue down 2% year-over-year.
- Billings decreased to $60.4 million from $63.9 million in the same quarter last year, primarily due to timing dynamics.
- The company did not provide financial guidance due to ongoing strategic discussions, creating uncertainty for investors.
- Domo Inc (DOMO) is facing challenges with variability in overage-related revenue recognition, impacting subscription revenue.
Greetings and welcome to the Domo Q1 fiscal year 2027 earnings call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the call, please press *0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Corey Edwards, Domo's Vice President of Corporate Communications.
Thank you, Corey. You may begin.
Good afternoon on the call today we are joined by Josh James our founder and CEO and Todd Crane our Chief Financial Officer I'll begin with our safe harbor statement a press release was issued after the market close and is available on the investor relations section of our website please note that today's call contains forward-looking statements about our business as defined under federal securities laws these statements involve risks uncertainties and assumptions. Including but not limited to statements and projections about our future financial performance, growth
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
