Domo (DOMO) Registration Filing summary

Company overview and business model

• Provides a cloud-based data experience platform connecting all employees with real-time data and insights to drive business impact.

• Historically operated on a subscription-based model, now expanding to a consumption-based pricing structure to increase adoption and align pricing with value delivered.

• Faces near-term revenue pressure due to macroeconomic headwinds, elongated sales cycles, and declining enterprise revenue, but is focusing on cost control and sales alignment for long-term margin improvement.

Financial performance and metrics

• Reported net losses of $45.5 million for the six months ended July 31, 2024, with an accumulated deficit of $1,451.1 million as of July 31, 2024.

• Cash, cash equivalents, and restricted cash totaled $55.7 million as of July 31, 2024, with no amounts available under the credit facility.

• Revenue is expected to be negatively impacted in the near term due to the shift to consumption-based pricing and macroeconomic factors.

Use of proceeds and capital allocation

• Net proceeds from the offering will be used for general corporate purposes, including working capital and capital expenditures.

• Management retains broad discretion over the use of funds, which may also include acquisitions or investments in complementary products, technologies, or businesses.