MongoDB (NASDAQ:MDB) stock observed trading -3.83% off 52-week high price. On the other end, the stock has been noted 212.16% away from low price over the last 52-weeks. The stock disclosed a move of 6.98% away from 50 day moving average and 51.26% away from 200 day moving average. Moving closer, we can see that shares have been trading 7.58% off 20-day moving average. It has market cap of $8131.28M .
MongoDB (NASDAQ:MDB), the leading, modern general purpose database platform, declared its financial results for the first quarter ended April 30, 2019.
First Quarter Fiscal 2020 Financial Highlights
Revenue: Total revenue was $89.4 million in the first quarter fiscal 2020, an increase of 78% year-over-year. Subscription revenue was $84.0 million, an increase of 82% year-over-year, and services revenue was $5.4 million, an increase of 33% year-over-year.
Gross Profit: Gross profit was $61.2 million in the first quarter fiscal 2020, representing a 68% gross margin, compared to 73% in the year-ago period. Non-GAAP gross profit was $62.8 million, representing a 70% non-GAAP gross margin.
Loss from Operations: Loss from operations was $30.6 million in the first quarter fiscal 2020, compared to $26.7 million in the year-ago period. Non-GAAP loss from operations was $12.6 million, compared to $18.9 million in the year-ago period.
Net Loss: Net loss was $33.2 million, or $0.61 per share, based on 54.7 million weighted-average shares outstanding in the first quarter fiscal 2020. This compares to $26.6 million, or $0.53 per share, based on 50.4 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net loss was $12.1 million or $0.22 per share. This compares to $18.8 million or $0.37 per share in the year-ago period.
Cash Flow: As of April 30, 2019, MongoDB had $476.9 million in cash, cash equivalents, short-term investments and restricted cash. During the three months ended April 30, 2019, MongoDB generated $3.2 million of cash from operations and used $0.4 million in capital expenditures, leading to free cash flow of $2.8 million, compared to negative free cash flow of $8.4 million in the year-ago period.
Dev Ittycheria, President and Chief Executive Officer of MongoDB said “MongoDB delivered excellent first quarter results driven by strength across all products and geographies”. “Our success is being driven in part by growing customer interest in a modern, general purpose database for use on premise and in hybrid and multi-cloud environments to help users innovate more quickly and efficiently.”
Ittycheria added, “The continued success of MongoDB Atlas, our fully managed global, multi-cloud database service, reflects the powerful combination of the move to the cloud and customers’ desire for sophisticated managed database offerings. These trends are reshaping the market and we believe will provide a significant growth opportunity for MongoDB for the foreseeable future.”
The USA based company MongoDB moved with change of 7.71% to $148.87 with the total traded volume of 3077323 shares in recent session versus to an average volume of 1581.58K. The stock was observed in the 5 days activity at 8.28%. The one month performance of stock was 9.07%. MDB’s shares are at 53.33% for the quarter and driving a 208.54% return over the course of the past year and is now at 77.78% since this point in 2018. The average volatility for the week and month was at 5.51% and 4.80% respectively. There are 54.62M shares outstanding and 36.82M shares are floated in market.
Category – Business
After many years in the market, Charles Frey dedicated all his time to write articles highlighting different financial problems. He has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years.
Charles holds a postgraduate degree in Software Engineering. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Charles is a share market expert, being personally invested for over 6 years. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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