MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results
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MongoDB (MDB) Tops Earnings and Revenue Estimates, Analysts' Reaction Mixed Amid a Weaker Guidance
March 10, 2021 7:36 AM ESTMongoDB (NASDAQ: MDB) reported better-than-expected fourth-quarter results for earnings and revenue but reported it expects to record a higher-than-expected loss in Q1.
Shares of the company trade 1.6% higher in pre-open after initially surging 3% following the Q4 report.
The software business said it lost $0.33 per share in the quarter to end-January to top the expected $0.39 from analysts. The company is yet to become profitable.
Revenues for the quarter were reported at $171 million, again higher than the Street consensus of $157 million.
"MongoDB's fourth quarter performance was a strong finish to an incredibly successful year.... More
MongoDB (MDB) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q & FY21 EPS Guidance Below Consensus, 1Q & FY21 Revenues Guidance Above Consensus
March 9, 2021 4:11 PM ESTMongoDB (NASDAQ: MDB) reported Q4 EPS of ($0.33), $0.06 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $171 million versus the consensus estimate of $156.97 million.
Fourth Quarter Fiscal 2021 Financial Highlights
Revenue: Total revenue was $171.0 million in the fourth quarter fiscal 2021, an increase of 38% year-over-year. Subscription revenue was $163.9 million, an increase of 39% year-over-year, and services revenue was $7.1 million, an increase of 24% year-over-year.Gross Profit: Gross profit was $120.0 million in the fourth quarter fiscal 2021, representing a 70% gross margin, compared to 72% in the year-ago period. Non-GAAP gross profit was $123.3 million, representing a 72%... More