Domo in Advanced Talks on Potential Transaction; Shares Fall

Domo said its board’s review determined a strategic transaction is the best way to maximize shareholder value. Shares fell as much as 29% in post-market trading before recovering most of the loss.

• Says substantial progress have been made in talks, no assurance of deal
• Transaction could be announced in near term
• Recently entered into into a forbearance agreement with its lender
• Fiscal 1Q total rev. $79.4m, subscription rev. $69.8m
• Adj. operating martin 6%, an improvement of 4 percentage points y/y
• Adj. EPS loss 2c
• Not providing financial guidance at this time

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