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Domo Shares Decline Following Fiscal Q4 Earnings Report
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Domo Shares Decline Following Fiscal Q4 Earnings Report
Mar 8, 2024 10:06 AM

12:40 PM EST, 03/08/2024 (MT Newswires) -- Domo ( DOMO ) shares were down 12% in recent Friday trading following the company's fiscal Q4 earnings report late Thursday.

The company reported fiscal Q4 non-GAAP loss of $0.05 per share, widening from a loss of $0.02 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.05.

Revenue for the quarter ended Jan. 31 was $80.2 million, up slightly from $79.6 million a year earlier.

Four analysts surveyed by Capital IQ expected $79.7 million.

The company said it expects fiscal Q1 non-GAAP loss of between $0.21 and $0.25 per share.

Three analysts surveyed by Capital IQ expect a loss of $0.23.

The company expects revenue for the quarter of $79 million to $80 million.

Four analysts polled by Capital IQ expect $79.5 million.

Meanwhile, fiscal 2025 non-GAAP loss is expected to be between $0.36 and $0.46 per share on sales of $315 million to $323 million.

Analysts surveyed by Capital IQ expect a loss of $0.41 on sales of $320.6 million.

Price: 10.00, Change: -1.36, Percent Change: -11.99

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