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NASDAQ:DOMO, a company based in Silicon Slopes, Utah, is gearing up to share its quarterly earnings report on Thursday, May 23, 2024, after the market closes. A

DOMO Earnings Report Preview

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  • Analysts predict earnings per share (EPS) of -$0.23 and revenue of $79.49 million for the first quarter of fiscal year 2025.
  • A conference call to discuss the financial outcomes is scheduled for 3:00 p.m. MT / 5:00 p.m. ET on Thursday, May 23, 2024.
  • The previous quarter showed revenue of $80.18 million but a net income loss of $18.69 million, indicating financial challenges.

NASDAQ:DOMO, a company based in Silicon Slopes, Utah, is gearing up to share its quarterly earnings report on Thursday, May 23, 2024, after the market closes. Analysts are predicting an earnings per share (EPS) of -$0.23, with expected revenue for the quarter around $79.49 million. This announcement is particularly significant as it marks the financial results for the first quarter of fiscal year 2025, ending on April 30, 2024. Domo is known for its innovative cloud-native data experience platform, which aims to revolutionize traditional business intelligence by making data more accessible and actionable for businesses.

Following the earnings release, Domo has arranged a conference call to discuss the financial outcomes with the investment community. This call is scheduled for 3:00 p.m. Mountain Time (MT) / 5:00 p.m. Eastern Time (ET) on the same day. Interested parties are invited to join the call by dialing specified numbers or through a live webcast on the Domo Investor Relations website. For those unable to attend the live event, a replay will be available until June 23, 2024, ensuring that stakeholders have ample opportunity to engage with the company's financial performance.

Domo's platform is designed to enhance the impact of data on business operations through user-friendly dashboards and apps. This approach to data analytics and business intelligence underscores the company's commitment to improving business outcomes through technology. The upcoming earnings report and conference call will provide valuable insights into how these innovations are translating into financial performance.

In its previous quarterly report, Domo reported revenue of approximately $80.18 million and a gross profit of about $56.71 million. However, the company faced challenges, as evidenced by a net income loss of approximately $18.69 million and a negative operating income of roughly $13.35 million. These figures highlight the financial hurdles Domo is working to overcome amidst striving to innovate in the data analytics space.

The detailed financial metrics, such as the cost of revenue standing at around $23.47 million and a negative EBITDA of about $7.05 million, further illustrate the company's current financial health. With an EPS reported at -$0.51 in the previous quarter, the anticipated EPS of -$0.23 for the upcoming report suggests an improvement in financial performance. This upcoming earnings report will be crucial for investors and stakeholders to gauge Domo's progress and its strategies for future growth and profitability.

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