MariaDB Q2 FY2024 net loss improves to $3.5M; ARR up 11.9% YoY

MariaDB plc

2024-Q2 EPS reported -$0.18 revenue$27,197,000

Net loss of $3.5M for Q2 FY2024, an $8.4M improvement from $11.9M loss a year ago.
Annual Recurring Revenue (ARR) increased 11.9% year-over-year.
Adjusted EBITDA loss narrowed 97% to $378K from $12.6M in prior year period.
CEO Paul O'Brien cited a quick turnaround and optimism for future performance.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MariaDB plc reported second fiscal quarter ended March 31, 2024 results: net income Net Loss for the second quarter was $3.5 million.

Period: second fiscal quarter ended March 31, 2024
Net income: Net Loss for the second quarter was $3.5 million
Result: reported results

Exact text from the filing

MariaDB Files Second Quarter Fiscal 2024 Financial Results REDWOOD CITY, Calif., and DUBLIN – May 15, 2024 – MariaDB plc (NYSE:MRDB) today filed its financial results for the second quarter of fiscal year 2024, which ended March 31, 2024. “Annual Recurring Revenue (ARR) is up 11.9% year-over-year in the second quarter of fiscal year 2024 coupled with a 97% improvement in Adjusted EBITDA loss of $378 thousand versus the prior fiscal year second quarter loss of $12.6 million,” said Paul O’Brien, CEO at MariaDB plc. “In six months, we have demonstrated our ability to quickly turn our financial story around and are optimistic about the future performance of the business.” The Net Loss for the second quarter was $3.5 million, an improvement of $8.4 million as compared to a Net Loss of $11.9 million in the prior period.

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Source: SEC EDGAR

accession 0001929589-24-000029

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