Trade Domo, Inc. - DOMO CFD

About Domo Inc

Domo, Inc. (Domo) is a provider of cloud-based platform that allows access to real-time data and insights and enables users to manage their business from their smartphones. The Company'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. Its 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. It also provides users a Web-based toolkit and Connector Dev Studio, which allows users to build their own connectors.

Financial summary

BRIEF: For the fiscal year ended 31 January 2022, Domo Inc revenues increased 23% to $258M. Net loss increased 21% to $102.1M. Revenues reflect Subscription increase of 21% to $223M, Professional services and other increase of 32% to $35M. Higher net loss reflects Sales and marketing - Balancing value increase of 15% to $122.5M (expense), Stock-Based Compensation in Sales and ma increase of 94% to $21.2M (expense).