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Domo Appears Positioned For The Enterprise AI Era (Upgrade)
Seeking Alpha· 2025-02-18 22:45
Group 1 - The article discusses the services provided by IPO Edge, which includes actionable information on growth stocks, first-look IPO filings, previews on upcoming IPOs, an IPO calendar, a database of U.S. IPOs, and a comprehensive guide to IPO investing [1] Group 2 - No relevant content available for this section [2][3]
Silvercorp Metals Growth Potential: Boosted By El Domo And Higher Silver Prices
Seeking Alpha· 2025-02-16 12:05
Group 1 - Silver miners have experienced a strong start to the year, with the Silver Miners Index (SIL) increasing by 14% [1] - The rise in the Silver Miners Index coincides with a more than 11% increase in the price of silver [1] Group 2 - Mountain Valley Value Investments focuses on identifying undervalued companies with strong growth potential across various sectors [1] - The investment philosophy emphasizes long-term value and disciplined research to uncover opportunities for strong returns [1]
Domo (DOMO) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-01-14 18:00
Core Viewpoint - Domo (DOMO) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that may lead to increased stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, which reflects the changing earnings picture of a company [1][2]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [4][6]. Domo's Earnings Outlook - For the fiscal year ending January 2025, Domo is expected to earn -$0.66 per share, representing a change of -164% from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Domo has increased by 9.4%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Domo's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].
Silvercorp Reports on El Domo Project Development Progress and Awarding the First Construction Contract
Prnewswire· 2025-01-07 13:00
Core Viewpoint - Silvercorp Metals Inc. and its partners are making significant progress on the El Domo Project in Ecuador, targeting production in the second half of 2026, with recent contracts awarded to experienced contractors [1][7]. Project Progress - The acquisition of Adventus Mining Corporation has led to substantial advancements in the El Domo Project since July 31, 2024 [2]. - Detailed engineering and project infrastructure have been optimized, including the design of tailing storage facilities and the process plant [4][3]. - Community engagement has been maintained to keep local stakeholders informed about project developments [4]. Engineering and Design - The project has undergone a review of previous technical work, leading to optimized designs for various components, including the tailing storage facilities and open pit mine [4]. - Metallurgical test work has commenced, focusing on selective flotation to potentially enhance recoveries [4]. - Detailed engineering design for the process plant is underway, including equipment selection and purchasing [4]. Contract Awards - Bid Package 1 has been awarded to CRCC 14 Bureau Group CO., Ltd., a contractor with over ten years of experience in Ecuador [6]. - The Companies plan to award Bid Packages 2 and 3 in Q1 2025 to maintain the project schedule [7]. Project Overview - The El Domo Project is a high-grade copper-gold project located in Central Ecuador, with mineralization starting at 30 meters from the surface [9]. - The project area is accessible via three well-maintained gravel roads, enhancing logistical efficiency [9]. Company Background - Silvercorp is a Canadian mining company focused on generating free cash flow from long-life mines and pursuing organic growth through exploration and acquisitions [8]. - The company emphasizes responsible mining practices and a commitment to environmental, social, and governance (ESG) principles [8].
Here's Why Domo (DOMO) Is a Great 'Buy the Bottom' Stock Now
ZACKS· 2024-12-24 15:56
Group 1: Price Trend and Technical Analysis - Domo (DOMO) has experienced a bearish price trend, losing 10.6% over the past two weeks [1] - The formation of a hammer chart pattern in the last trading session suggests a potential trend reversal, indicating that bulls may have gained control over the price [1] - The hammer pattern signals a possible bottoming out with exhaustion of selling pressure, which could enhance the prospects for a trend reversal [1] Group 2: Earnings Estimates and Analyst Sentiment - There has been an upward trend in earnings estimate revisions for Domo, which is considered a bullish indicator [3] - Over the last 30 days, the consensus EPS estimate for the current year has increased by 9.4%, indicating that analysts expect better earnings than previously predicted [3] - Domo currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [3]
Domo(DOMO) - 2025 Q3 - Quarterly Report
2024-12-10 01:46
Financial Performance - Total revenue for the three months ended October 31, 2023, was $79.7 million, compared to $79.8 million for the same period in 2024[199]. - Total revenue for the three months ended October 31, 2024, was $79,764, reflecting an increase of $89 from $79,675 in the prior year[235]. - Subscription revenue for the three months ended October 31, 2024, was $71,113, a slight decrease of $180 compared to $71,293 for the same period in 2023[235]. - Revenue from customers with billing addresses in the United States comprised 80% and 79% of total revenue for the three months ended October 31, 2023, and 2024, respectively[199]. - The total customer count remained relatively flat from October 31, 2023, to October 31, 2024, with subscription revenue impacted by a $4.4 million net decrease from existing customers[235]. Expenses and Losses - The company incurred net losses of $16.4 million and $18.8 million for the three months ended October 31, 2023, and 2024, respectively, with an accumulated deficit of $1,469.9 million as of October 31, 2024[201]. - Total operating expenses for the nine months ended October 31, 2024, were $224.50 million, a slight increase of $0.59 million or 0% compared to the previous year[252]. - Sales and marketing expenses decreased by $8.42 million to $116.04 million, representing 49% of total revenue[252]. - Research and development expenses increased by $2.02 million to $65.95 million, accounting for 28% of total revenue[253]. - General and administrative expenses rose by $6.99 million to $42.50 million, representing 17% of total revenue[254]. - The net loss for the three months ended October 31, 2024, was $18,761, compared to a net loss of $16,413 for the same period in 2023[230]. Revenue Recognition and Obligations - Remaining performance obligations (RPO) were $367.2 million and $368.2 million as of October 31, 2023, and 2024, respectively, with expected revenue recognition of $230.8 million and $220.6 million in the next twelve months[198]. - The gross retention rate declined to 84% as of October 31, 2024, down from 87% in the previous year, influenced by macroeconomic conditions[209]. Research and Development - Research and development expense as a percentage of total revenue was 27% for the three months ended October 31, 2024, compared to 25% for the same period in 2023[216]. - Research and development expenses for the three months ended October 31, 2024, were $21,264, an increase from $19,729 in the prior year[224]. - The company plans to enhance its platform functionality through investments in machine learning and artificial intelligence technologies[215]. Cash and Financing - As of October 31, 2024, the company had $40.9 million in cash and cash equivalents and a fully drawn credit facility of $123.0 million[259]. - The company is required to maintain a minimum liquidity of $25.0 million in unrestricted cash[268]. - The credit facility allows for up to $125.3 million in term loan borrowings, all of which had been drawn as of October 31, 2024, with a maturity date of August 19, 2028[286]. - The interest rate on the term loan was 8.1% as of October 31, 2024, with an additional fixed rate of 5.0% accruing on the outstanding principal[287]. - Net cash used in operating activities for the nine months ended October 31, 2024 was $254.4 million, with cash collected from customers totaling $236.4 million[273]. - Net cash provided by financing activities for the nine months ended October 31, 2024 was $5.0 million, primarily from debt proceeds[278]. Stock and Debt - The company entered into a Controlled Equity Offering Sales Agreement to sell up to $150.0 million of Class B common stock, with no shares sold to date[262]. - The company issued 1,022,918 fully-vested warrants to purchase Class B common stock as part of the credit facility amendment in August 2024[266]. - Loss on extinguishment of debt increased by $1.85 million due to an amendment to the credit facility[255]. Cost of Revenue and Profitability - Total cost of revenue increased to $19,961 for the three months ended October 31, 2024, up by $1,185 or 6% from $18,776 in the same period of 2023[236]. - Gross profit for the three months ended October 31, 2024, was $59,803, a decrease of $1,096 or 2% compared to $60,899 in the prior year[236]. - Subscription gross margin decreased to 81% for the three months ended October 31, 2024, down from 84% in the same period of 2023[236]. - Gross profit decreased by $4.90 million to $177.48 million, resulting in a total gross margin of 74%[249].
Domo(DOMO) - 2025 Q3 - Earnings Call Transcript
2024-12-06 02:18
Financial Data and Key Metrics Changes - In Q3, the company exceeded its guidance for billings, revenue, and non-GAAP EPS, with total revenue at $79.8 million, slightly up year over year, and subscription revenue representing 89% of that amount [42] - Q3 billings were $73.4 million, and total subscription RPO was $354.1 million, up 3% year over year, marking the best RPO growth result in two years [42][44] - The average contract length increased by 13% year over year and 10% quarter over quarter, indicating stronger long-term commitments from customers [11][44] Business Line Data and Key Metrics Changes - Subscription RPO beyond 12 months grew 14% year over year, reflecting a positive trend in long-term customer relationships [10][44] - The company achieved a gross retention rate of 85%, with expectations for fluctuations between 85% and 90% in the short to mid-term [45] - Year-over-year ARR net retention was 90%, showing improvement for the first time in almost three years [46] Market Data and Key Metrics Changes - The partner-sourced contribution to billings was up more than 20% from Q2, with a 90% increase in partner opportunities in the North America pipeline compared to Q2 [13] - The company closed 15 deals jointly sold with partners, indicating a growing ecosystem and collaboration [17] Company Strategy and Development Direction - The company is focusing on ecosystem-led growth, consumption pricing, and AI as strategic priorities, which are expected to drive future growth [12][19] - A significant transformation to a consumption-based model has been achieved, with 100% of new logo deals structured as consumption contracts, representing 55% of ARR [21][22] - The company is investing in its partnership strategy, redirecting sales capacity to build a durable, repeatable growth engine [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum from ecosystem partners and the impact of AI on business growth [20][40] - The macro environment remains challenging, but the company is seeing positive signs, particularly with partner-driven deals [68][82] - Management anticipates that the shift to consumption will lead to vendor consolidation in favor of Domo, enhancing customer retention [23][25] Other Important Information - Adjusted free cash flow was more negative than expected in Q3 due to delayed cash receipts related to consumption migrations, but positive cash flow is expected in Q4 [47][48] - The company expects to generate billings of $98 million to $104 million in Q4 and GAAP revenue in the range of $77.5 million to $78.5 million [50] Q&A Session Summary Question: Inquiry about success with consumption-based model - Management noted strong performance with consumption customers, leading to wider and faster adoption, and consolidation away from legacy products [56][57] Question: Impact of Agentic AI on consumption - Management indicated that Agentic AI is driving higher close rates and is expected to facilitate quicker conversions to the consumption model [61][64] Question: Drivers of gross retention rate variability - Management explained that variability in retention is due to budgetary constraints but highlighted positive signs from partner deals [68] Question: Outlook for FY '26 - Management refrained from providing specific guidance for FY '26 but expressed optimism based on positive momentum in the pipeline [92] Question: Customer behavior in the macro environment - Management observed that customers are consolidating vendors and making strategic decisions to adopt Domo as their primary platform [82][86]
Domo (DOMO) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-12-05 23:35
Company Performance - Domo reported a quarterly loss of $0.08 per share, better than the Zacks Consensus Estimate of a loss of $0.15, representing an earnings surprise of 46.67% [1] - The company posted revenues of $79.76 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 3.31% and showing a slight increase from $79.68 million year-over-year [2] - Over the last four quarters, Domo has surpassed consensus EPS estimates two times and topped revenue estimates four times [2] Future Outlook - The immediate price movement of Domo's stock will depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is -$0.16 on revenues of $77.51 million, and for the current fiscal year, it is -$0.71 on revenues of $313.23 million [8] - The estimate revisions trend for Domo is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Internet - Software industry, to which Domo belongs, is currently in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]
Domo(DOMO) - 2025 Q3 - Quarterly Results
2024-12-05 21:16
Exhibit 99.1 Domo Announces Third Quarter Fiscal 2025 Financial Results Silicon Slopes, Utah - December 5, 2024 - Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal third quarter ended October 31, 2024. Fiscal Third Quarter Results | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------| | | | • Total revenue was $79.8 million | | • Subscription revenue was $71.1 million | | • Billings were $73. ...
Silvercorp Provides Positive El Domo Legal Update and Announces Repayment of Wheaton Early Deposit
Prnewswire· 2024-11-15 13:00
Trading Symbol: TSX: SVM                                                                        TSXV: SRL                             NYSE AMERICAN: SVM                                                 OTCQB: SRLZFVANCOUVER, BC, Nov. 15, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) and Salazar Resources Ltd. ("Salazar") (TSXV: SRL) (OTCQB: SRLZF) are pleased to announce that on November 12, 2024, the Provincial Court of Bolivar (the "Court"), in t ...