)
MariaDB (MRDB) investor relations material
MariaDB Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the quarter ended June 30, 2024 was $13.6 million, up 4.0% year-over-year, driven by a 7.5% increase in subscription revenue, partially offset by a 22.6% decline in services revenue.
Net loss for the quarter was $9.5 million, compared to $9.7 million in the prior year period; net loss for the nine months ended June 30, 2024 was $21.8 million, an improvement from $34.2 million in the prior year.
The company completed divestitures of its SkySQL and geospatial businesses, recording a $0.8 million gain.
MariaDB is in the process of being acquired by Meridian BidCo LLC, with a compulsory acquisition of remaining shares expected by August 26, 2024.
Financial highlights
Gross margin improved to 81.2% for the quarter, up from 71.7% in the prior year, due to higher subscription revenue and cost reductions.
Operating expenses decreased 13.1% year-over-year for the quarter, reflecting restructuring and cost-saving measures.
Adjusted EBITDA for the quarter was $(0.5) million, a significant improvement from $(11.4) million in the prior year.
Cash and cash equivalents were $1.1 million as of June 30, 2024, with an accumulated deficit of $271.2 million.
Deferred revenue totaled $43.9 million, with $62.9 million in remaining performance obligations.
Outlook and guidance
Management expects continued focus on core enterprise database products and international expansion.
The company is seeking additional financing to fund operations, as current cash is insufficient for the next 12 months.
Completion of the acquisition by BidCo is expected to result in delisting from the NYSE and a change in ownership structure.
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)