Mongo results

MongoDB results are out:

https://investors.mongodb.com/news-releases/news-release-det…

Some highlights:

Revenue: Total revenue was $57.5 million, an increase of 61% year-over-year. Subscription revenue was $52.9 million, an increase of 63% year-over-year, and services revenue was $4.6 million, an increase of 48% year-over-year.

Gross Profit: Gross profit was $41.0 million, representing a 71% gross margin, as compared to a 71% gross margin in the prior-year period. Non-GAAP gross profit was $41.8 million, representing a 73% non-GAAP gross margin.

Loss from Operations: Loss from operations was $30.6 million, compared to $26.2 million in the year-ago period. Non-GAAP loss from operations was $21.6 million, compared to $21.2 million in the year-ago period.

Net Loss: Net loss was $31.2 million, or $0.61 per share based on 51.2 million weighted-average shares outstanding. This compares to $26.1 million, or $1.92 per share based on 13.6 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net loss was $21.1 million, or $0.41 per share based on 51.2 million weighted-average shares outstanding. This compares to $21.2 million, or $0.52 per share based on 40.5 million non-GAAP weighted-average shares outstanding, in the year-ago period.

Cash and Cash Flow: As of July 31, 2018, MongoDB had $523.2 million in cash, cash equivalents, short-term investments and restricted cash. During the three months ended July 31, 2018, MongoDB used $16.9 million of cash in operations and $1.2 million in capital expenditures, leading to negative free cash flow of $18.0 million, compared to negative free cash flow of $16.1 million in the year-ago period. Our cash balance reflects $254 million of proceeds in the quarter from the issuance of our 0.75% senior convertible notes due 2024, net of issuance and capped call costs.

I didn’t compare them WRT analyst estimates, but the growth rates look pretty good on their own. Of course how they compare to estimates will be more indicative of what happens to the stock price (which is currently down just a couple % AH).

And here’s their guidance:

Third Quarter Fiscal 2019

Revenue
$59.0 million to $60.0 million

Non-GAAP Loss from Operations
$(21.0) million to $(20.0) million

Non-GAAP Net Loss per Share
$(0.40) to $(0.38)

Full Year Fiscal 2019

Revenue
$228 million to $230 million

Non-GAAP Loss from Operations
$(84.0) million to $(82.0) million

Non-GAAP Net Loss per Share
$(1.66) to $(1.62)

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A couple more highlights to note:

Over 7,400 Customers at July 31, 2018, up 72% Year-over-Year

MongoDB Atlas Revenue 18% of Total Q2 Revenue, up over 400% Year-over-Year

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