Domo Inc
NASDAQ:DOMO
Domo Inc
Domo, Inc. designs, develops, and markets executive management software solutions. The company is headquartered in American Fork, Utah and currently employs 917 full-time employees. The company went IPO on 2018-06-29. The firm's platform provides real-time access to quantitative and qualitative data, including connectors as well as a library of universal connectors. Through Domo’s Business Cloud, data from across the business is collected, stored, prepared, organized, analyzed, visualized, and shared. Algorithms and machine learning can be applied to the data that allow alerts to be triggered and actions invited. The firm's platform provides real-time access to data through a flexible set of connection options, including application programming interface (API) and standards-based connectors that are available in the Domo Appstore, as well as a library of flexible universal connectors. The company also provides users a Web-based toolkit, Connector Dev Studio, which allows users to build their own connectors.
Domo, Inc. designs, develops, and markets executive management software solutions. The company is headquartered in American Fork, Utah and currently employs 917 full-time employees. The company went IPO on 2018-06-29. The firm's platform provides real-time access to quantitative and qualitative data, including connectors as well as a library of universal connectors. Through Domo’s Business Cloud, data from across the business is collected, stored, prepared, organized, analyzed, visualized, and shared. Algorithms and machine learning can be applied to the data that allow alerts to be triggered and actions invited. The firm's platform provides real-time access to data through a flexible set of connection options, including application programming interface (API) and standards-based connectors that are available in the Domo Appstore, as well as a library of flexible universal connectors. The company also provides users a Web-based toolkit, Connector Dev Studio, which allows users to build their own connectors.
Positive Free Cash Flow: Domo achieved positive adjusted free cash flow of $2.1 million in Q3, a $15.8 million improvement over last year, and expects to be positive every quarter this year for the first time.
Billings Miss but Strong Outlook: Q3 billings came in at $73.2 million, below guidance due to longer partner deal cycles, but management is confident in a strong rebound for Q4, guiding to $107.5–$109.5 million, the fastest billings growth in over three years.
Operating Margin Beats: Q3 operating margin was 6.8%, well ahead of guidance, putting Domo on track for its highest full-year operating margin ever.
Retention Improvement: Gross retention in Q3 was 85%, and is expected to improve to approximately 87% in Q4, the highest in six quarters, with potential to reach 90% next year.
Consumption Model Success: 80% of ARR is now on consumption contracts (up from single digits two years ago), driving higher retention and customer engagement.
AI Adoption and Industry Recognition: Usage of Domo's AI features grew strongly, with unique accounts up over 60% year-over-year, and Domo received several industry awards for AI and analytics leadership.
Executive Update: CEO Josh James shared he is entering alcohol addiction treatment but will continue his CEO role while temporarily prioritizing health.
