MongoDB, Inc. ($MDB) Earnings (Q4 FY22)

MongoDB, Inc. ($MDB) Earnings and Opinion:


MongoDB, Inc. ($MDB) is a company in the Technology sector that operates in the Software-Infrastructure industry. They provide general purpose database platforms worldwide. The company was incorporated in 2013 and is currently headquartered in New York, New York. The stock was first publicly traded in 2017. 

MongoDB, Inc. EPS and Revenue (Q4 FY22):

  • EPS (Non-GAAP) of -$0.09 beating expectations of -$0.23
  • Revenue of $266.49M beating expectations of $241.21M
  • EPS was up 72.73% (YOY) and Revenue was up 56% (YOY)
MongoDB, Inc. EPS and Revenue (FY22):
  • EPS (Non-GAAP) of -$0.59 beating expectations of -$0.73
  • Revenue of $873.78M beating expectations of $848.49M
  • EPS was up 40.4% (YOY) and Revenue was up 48$ (YOY)
MongoDB, Inc. FY23 Guidance:
  • Revenue of $1.15B-1.18B
  • Net Loss from operations (Non-GAAP) between -$22M and -$7M
  • Net Loss per share (Non-GAAP) between -$0.51 and -$0.29
Opinion:
MongoDB, Inc. is currently soaring after reporting earnings after the bell today. After reporting a strong quarter and a strong year, investors saw a lot of potential with this company. The company has a pretty solid business model and is in the Technology sector, which has evolved like crazy over the past couple years. They have released a new product "MongoDB 5.2" which has already proven to be a difference maker for users to analyze their data. They also have shown strong links with AWS and Google Cloud, which are huge names in the cloud business. Although the company isn't quite profitable yet, they have shown signs of almost breaking over that edge. Next years guidance shows them one step closer to achieving this goal. They have made strives in employment, as they have brought on 2,000 new employees remotely since the pandemic began. Personally, I do not have a position in this company, but I do see a lot of upside here. Since they have partnerships with some of the biggest cloud vendors, there is no sign of this company going away. I would love to see continued success from them, and I will continue to watch them as they grow. If you are big into tech stocks, and want to hop onto a solid database platform business, this may be a great option for you.

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