Stock Data
$0.02 (0.45%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Domo, Inc. offers a cloud-based platform that transforms business intelligence across various global regions including North America, Western Europe, and Asia-Pacific. It uniquely connects all levels of an organization, from CEOs to frontline employees, integrating people, data, and systems. This enables real-time data access and insights, with the added convenience of managing operations via smartphones. Originally named Domo Technologies, Inc., the company rebranded to Domo, Inc. in 2011 and is based in American Fork, Utah, since its inception in 2010.
Domo's going concern warning and lender forbearance agreement overshadow modest operational progress as the Board confirms it is in advanced negotiations on a potential sale to maximize shareholder value. The loss-narrowing quarter shows improving unit economics, but a $137.1M debt load against just $39M cash leaves no room for error if the strategic transaction stalls.
Domo reports earnings after market close today. Cloud business intelligence demand becomes a proxy for enterprise software spending resilience.
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