DOMO, INC.

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.

Domo, Inc. filed its 10-Q report for the period ending April 30, 2026. The company reported a reduced net loss of $14.17 million, down from $18.05 million in the prior year, though total revenue saw a slight decrease to $79.40 million from $80.11 million. A significant concern highlighted is the company's non-compliance with a financial covenant on its credit facility, leading to substantial doubt about its ability to continue as a going concern. Domo is actively pursuing a strategic transaction to address this situation.

Domo, Inc. has filed its Definitive Proxy Statement for its 2026 Annual Meeting of Stockholders, scheduled for July 14, 2026. The meeting will cover the election of directors, ratification of Ernst & Young LLP as independent auditors, and an advisory vote on executive compensation. The record date for stockholders is May 22, 2026, and proxy materials will be available online starting June 1, 2026. The board recommends voting in favor of all proposals.

DOMO, INC. has filed its annual Form 10-K report for the fiscal year ended January 31, 2026. The filing indicates that the aggregate market value of the registrant's common equity held by non-affiliates was approximately $579.1 million as of July 31, 2025. The company is classified as an accelerated filer and confirmed compliance with all filing requirements.