Monday.Com Clocks 57% Revenue Growth In Q4; Expects To Be FCF Positive In FY23
Monday.Com Ltd (NASDAQ: MNDY) reported fourth-quarter FY22 revenue growth of 57% year-on-year to $149.9 million, beating the consensus of $141.2 million.
Net dollar retention rate was over 120%. The net dollar retention rate for customers with over ten users was over 130%.
The number of paid customers with over $50,000 in annual recurring revenue was over 135% Y/Y.
The non-GAAP operating margin was 10% versus (10)% a year back.
Non-GAAP EPS of $0.44 beat the consensus loss of $(0.37).
Monday.Com generated $29.7 million in adjusted free cash flow and held $885.9 million in cash and equivalents.
"Our performance in Q4 and FY'22 demonstrates that monday.com continues to drive growth and profitability at scale," said Eliran Glazer, monday.com CFO. "These strong results make us even more confident in reaching our targets in both the short- and long-term, and we expect to again be free cash flow positive in FY'23."
Outlook: Monday.Com sees Q1 revenue of $154 million - $156 million, above the consensus of $150.1 million.
Monday.Com sees FY23 revenue of $688 million - $693 million, above the consensus of $661.7 million.
Price Action: MNDY shares traded higher by 10.3% at $144.76 in the premarket on the last check Monday.
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This article Monday.Com Clocks 57% Revenue Growth In Q4; Expects To Be FCF Positive In FY23 originally appeared on Benzinga.com
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