Domo Full Year 2024 Earnings: In Line With Expectations
Domo (NASDAQ:DOMO) Full Year 2024 Results
Key Financial Results
Revenue: US$319.0m (up 3.4% from FY 2023).
Net loss: US$75.6m (loss narrowed by 28% from FY 2023).
US$2.10 loss per share (improved from US$3.10 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Domo Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 15% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Domo (at least 1 which can't be ignored), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
