Free Research Report as MongoDB's Quarterly Revenue Surged 50%; Net Loss Narrowed

LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors.com has just released a free earnings report on MongoDB, Inc. (NASDAQ: MDB). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MDB. MongoDB reported its fourth quarter and fiscal 2018 operating and financial results on March 13, 2018. The leading modern, general purpose database platform outperformed top- and bottom-line expectations.Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MongoDB most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=MDB

Earnings Highlights and Summary

MongoDB's total revenue was $45.0 million in the fourth quarter fiscal 2018, reflecting an increase of 50% compared to $29.9 million. The Company's reported numbers beat analysts' estimates by $2.28 million.

During Q4 FY18, MongoDB's Subscription revenue soared 54% to $41.9 million compared to $27.2 million in Q4 FY18, while the Company's services revenue advanced 16% to $3.2 million in the reported quarter versus $2.7 million in the year-earlier corresponding quarter.

For Q4 FY18, MongoDB's gross profit was $32.6 million, representing a 72% gross margin, consistent with the year-ago same period. The Company's non-GAAP gross profit was $33.0 million, representing a 73% non-GAAP gross margin for the reported quarter.

During Q4 FY18, MongoDB's loss from operations was $27.3 million compared to $21.3 million in Q4 FY17. The Company's non-GAAP loss from operations was $21.1 million compared to $16.8 million in the prior year's corresponding quarter.

MongoDB's net loss was $26.4 million, or $0.52 per share, in Q4 FY18 compared to net loss of 21.8 million, or $1.69 per share, on Q4 FY17. The Company's non-GAAP net loss was $20.2 million, or $0.40 per share, compared to the non-GAAP net loss of $17.2 million, or $0.44 per diluted share. MongoDB's reported numbers were better than Wall Street's estimates for a loss of $0.43 per share.

MongoDB's total revenue was $154.5 million for the full year fiscal 2018, an increase of 52% compared to $71.5 million in FY17.

For FY18, MongoDB's net loss was $96.4 million, or $4.06 per share, compared to net loss of $86.7 million, or $7.10 per share, on FY17. The Company's non-GAAP net loss was $75.2 million, or $1.74 per share, compared to $65.7 million, or $1.73 per share, on FY17.

Cash Matters

As of January 31, 2018, MongoDB had $279.5 million in cash, cash equivalents, short-term investments, and restricted cash.

During Q4 FY18, MongoDB used $7.7 million of cash in operations and $0.4 million in capital expenditures, leading to negative free cash flow of $8.1 million compared to negative free cash flow of $10.3 million in Q4 FY17.

For FY18, MongoDB used $44.9 million of cash in operations and $2.1 million in capital expenditures, leading to negative free cash flow of $47.0 million compared to negative free cash flow of $39.8 million in FY17.

Stock Performance Snapshot

April 19, 2018 - At Thursday's closing bell, MongoDB's stock fell 1.69%, ending the trading session at $37.82.

Volume traded for the day: 941.26 thousand shares, which was above the 3-month average volume of 506.53 thousand shares.

Stock performance in the previous three-month period – up 30.06%; and year-to-date – up 27.43%

After yesterday's close, MongoDB's market cap was at $1.94 billion.

The stock is part of the Technology sector, categorized under the Application Software industry.

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