Domo reports Q3 revenue $79M (+21% YoY); CFO Bruce Felt to depart

Fiscal Third Quarter Results • Total revenue was $79.0 million, an increase of 21% year over year • Subscription revenue was $69.0 million, an increase of 22% year over year • Subscription revenue represented 87% of total revenue • Billings were $74.0 million or 5% year-over-year growth • Remaining Performance Obligations (RPO) was $354.3 million as of October 31, 2022, an increase of 19% year over year • RPO expected to be recognized as revenue in the next twelve months was $230.3 million as of October 31, 2022, an increase of 21% year over year • Net cash used in operating activities was $6.5 million • GAAP subscription gross margin was 84%, an improvement of 2 percentage points from Q3 FY22 • Non-GAAP subscription gross margin was 85%, an improvement of 2 percentage points from Q3 FY22 • GAAP operating margin increased by 15 percentage points year over year • Non-GAAP operating margin increased by 11 percentage points year over year • GAAP net loss was $23.7 million, and GAAP net lo

On December 8, 2022, the Company and Bruce Felt, the Company’s Chief Financial Officer, entered into a Transition Services Agreement, pursuant to which Mr. Felt will separate and transition from the Company upon the earlier of (i) the date a replacement Chief Financial Officer commences employment and (ii) the one-year anniversary of the Transition Services Agreement.