Q2 2025 Domo Inc Earnings Call Transcript
Key Points
- Domo Inc (DOMO) exceeded its revenue guidance for Q2 fiscal year 2025.
- Gross retention improved to 88%, reaching the high end of the company's guidance.
- The company secured its first-ever eight-figure total contract value, highlighting significant customer expansion.
- Domo Inc (DOMO) extended the maturity of its debt to August 2028 and reduced its overall interest rate.
- The number of joint deals in the pipeline with CDW partners increased from zero to over 60 deals in the last two quarters.
- Total revenue decreased by 2% year-over-year, indicating a challenging market environment.
- Q2 billings were below guidance due to a strategic decision to accommodate a quarterly billing schedule for a major customer.
- Non-GAAP net loss increased to $2.7 million compared to $0.8 million a year ago.
- Adjusted free cash flow was negative $5.6 million, resulting in a cash balance of $55.7 million.
- The company anticipates a non-GAAP net loss per share of $0.14 to $0.18 for Q3, reflecting ongoing financial challenges.
Greetings and welcome to the Domo Q2 fiscal year 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
And with that, I will hand it over to Peter Lowry, Domo's Vice President of Investor Relations. Thank you. You may begin.
Good afternoon. On the call today we have Josh James, our Founder and CEO; and David Jolley, our Chief Financial Officer. I'll lead off with our Safe Harbor statement and then on the call.
Our press release was issued after the market close and is posted on the Investor Relations section of our website, where this call is also being webcast. Statements made on this call include forward-looking statements related to our business under federal securities laws. These statements are subject to a variety of risks, uncertainties and assumptions.
These include, but are not limited to statements about our future and prospects, our financial projections and cash position, statements regarding the potential of our
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