DealsJun 15, 2026, 04:17 PM
Domo in Advanced Talks for Strategic Transaction; Q1 Revenue $79.4M
AI Summary
Domo, Inc. announced it is in advanced negotiations for a potential strategic transaction, following its Board's determination that this is the best path to maximize shareholder value. This update was provided alongside its fiscal first quarter 2027 financial results, which included total revenue of $79.4 million. The company also disclosed it entered a forbearance agreement with its lender due to noncompliance with a minimum annualized recurring revenue covenant under its credit facility.
Key Highlights
- Board determined a strategic transaction is the best path to maximize shareholder value.
- Company is in advanced negotiations regarding a potential strategic transaction.
- Entered a forbearance agreement with its lender due to noncompliance with a revenue covenant.
- Total revenue for Q1 fiscal 2027 was $79.4 million.
- Subscription revenue was $69.8 million.
- GAAP operating margin was negative 14%, an improvement of 4 percentage points year over year.
- Non-GAAP operating margin was 6%, an improvement of 4 percentage points year over year.
- GAAP net loss per share was $0.33.
- Cash and cash equivalents were $39.1 million as of April 30, 2026.
Price Impact
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