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Highlights
- MongoDB, Inc’s (NASDAQ:MDB) customer base increased to 31,000 as of Oct 30, 2021.
- Its price to book ratio is 42.14, and 90-days beta is 1.49.
- The stock rose 19.58% YTD.
The MongoDB, Inc. (NASDAQ:MDB) stock surged over 21% in the premarket after declaring its better-than-expected third-quarter results on Tuesday.
The stock was trading at US$522.25 at 8:43 am ET.
For the quarter ended Oct 30 of FY22, its total revenue was US$226.9 million, up 50% YoY. The company had more than 31,000 customers at the end of Oct 30, 2021.
Its subscription revenue was US$217.9 million, and the services revenue was US$9.0 million.
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The operating loss was 76.8 million compared to US$58.1 million a year ago. The gross profit grew to US$158.4 million, an increase of 70% YoY.
Its net loss was US$81.3 million or US$1.22 per share diluted compared to a net loss of US$72.7 million or US$1.22 per share diluted in the corresponding period of the previous year.
MongoDB reported cash and cash equivalents, investment, and restricted cash of US$1.8 billion as of Oct 30.
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Guidance for the fourth quarter
The company expects revenue to be in the range of US$239.0 million to US$242.0 million and non-GAAP operating loss to be in the range of US$(13.0) million to US$(11.0) million.
The non-GAAP net loss per share is estimated to be between US$(0.24) and US$(0.21) for the fourth quarter of fiscal 2022.
Guidance for full-year fiscal 2022
The revenue to be in the range of US$846.3 million to US$849.3 million. It expects the non-GAAP operating loss to remain in between US$(36.4) million to US$(34.4) million and the non-GAAP net loss per share to remain between US$(0.74) to US$(0.71) for the full fiscal year 2022.
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The company was founded in 2007 and brought IPO in October 2017.
It is a data platform designed to empower the developers. The company has a presence in more than 100 countries. Many education portals like Udemy, Coursera, etc., have listed MongoDB courses on their platforms. Around 1.5 million registrations were made for MongoDB courses.
Also, the software has been downloaded over 210 million times. The company earns revenue from two segments: Subscription and Services. The database is popular because of its compatibility with all major programming languages. Its current market cap is US$28.4 billion. The price to book ratio is 42.14, and the 90-day beta is 1.49.
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Bottomline
MongoDB’s revenue has increased in all three quarters of FY22 YTD. It increased 39.38% in Q1, 43.73% in Q2, and 50.49% in Q3 of FY22. The MongoDB stock rose 19.58% YTD.
