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On Thursday, Citizens JMP analyst team reaffirmed their positive stance on DOMO (NASDAQ:DOMO), maintaining a Market Outperform rating and a $16.00 price target for the company’s shares. This endorsement follows the release of DOMO’s first-quarter fiscal year 2026 results, which surpassed analysts’ expectations. InvestingPro data shows DOMO as a small-cap technology company with a market capitalization of $342.14 million and a notably high beta of 1.67, indicating significant stock price volatility.
DOMO reported a non-GAAP EPS of ($0.09), beating the consensus estimate of ($0.20). Revenue for the quarter stood at $80.1 million, exceeding the expected $77.9 million and remaining flat year-over-year. This performance marked an improvement from the previous quarter’s 2% decline. Subscription revenue, a critical metric for the company, was reported at $71.4 million, slightly above the consensus of $70.9 million but down 1% from the previous year, compared to flat growth in the last quarter. The company maintains a healthy gross profit margin of 74.45%, though InvestingPro analysis indicates challenges with short-term obligations, reflected in a current ratio of 0.56.
The company’s billings amounted to $63.9 million, which also topped the consensus estimate of $62.5 million, despite being down 2% year-over-year. This was a slight improvement from the 3% decline reported in the previous quarter. Notably, DOMO’s long-term subscription Remaining Performance Obligations (RPO) grew by 24%, a significant increase from 14% growth in the last quarter. Furthermore, the company’s current RPO (cRPO) related to subscriptions saw a growth of 5%, a positive change from the flat growth observed in the previous quarter.
These strong financial indicators have had a favorable impact on DOMO’s stock performance. In the aftermarket trading session, DOMO shares saw an approximate 6% rise. This uptick comes on the back of an already impressive 21% year-to-date increase, contrasting with a 1% decrease in the broader Russell 3000 index. According to InvestingPro’s Fair Value analysis, DOMO appears slightly undervalued at current levels. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report, offering deeper insights into DOMO’s financial health and growth prospects.
In other recent news, Domo Inc . announced its financial results for the first quarter of 2025, revealing a revenue of $80.1 million, which surpassed the forecasted $78.03 million. Despite this revenue beat, the company reported a net loss per share of $0.69, which was significantly higher than the anticipated loss of $0.20. Domo has introduced new AI-driven workflow automation tools and improved cloud data integrations, which have been well-received in the market. The company has successfully transitioned to a consumption-based pricing model, resulting in a 60% increase in sales productivity. Additionally, Domo’s strategic initiatives have led to enhanced sales efficiency and longer-term contractual commitments with customers. Analysts have noted the company’s robust platform capabilities and its focus on AI-driven solutions, which are expected to drive further growth. Domo has projected Q2 2025 billings between $69-70 million, reflecting a modest year-over-year growth of 1-2%. The company aims for a 5% billings growth and operating margin by the end of the year, with plans to achieve 10% growth in both metrics by next year.
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