Company: Domo, Inc.
Symbol: DOMO
Description: Domo is an operating system that powers a business, enabling all employees to access real-time data and insights and take action from their smartphone.
Trade Date: 6/29
Shares: 9.2 million
Price Range: $19.00-$22.00
Underwriter(s): Morgan Stanley, Allen & Company, Credit Suisse, UBS Investment Bank
Co-Manager(s): William Blair, JMP Securities, Cowen
Filed: 6-18-18
Business: They believe digitally connected companies will increasingly be best positioned to manage their business by leveraging artificial intelligence, machine learning, correlations, alerts and indices. They bring massive amounts of data from all departments of a business together to empower employees with real-time data insights, accessible on any device, that invite action. Accordingly, Domo enables CEOs to manage their entire company from their phone, including one Fortune 50 CEO who logs into Domo almost every day and over 10 times on some days. This is possible because Domo digitally connects all the people, data and systems in an organization.
Financials: Their total revenues were $58.7 million and $87.5 million, and their net loss was $183.1 million and $176.6 million in 2016 and 2017, respectively. In the first quarter of 2018, their total revenues increased 31.8% to $31.9 million, while their net loss decreased 5.2% to $45.5 million, compared to the same period in the previous year.
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