MongoDB, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022
August 31, 2022 at 04:13 pm EDT
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MongoDB, Inc. reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported revenue was USD 303.66 million compared to USD 198.75 million a year ago. Net loss was USD 118.87 million compared to USD 77.13 million a year ago. Basic loss per share from continuing operations was USD 1.74 compared to USD 1.22 a year ago.
For the six months, revenue was USD 589.11 million compared to USD 380.4 million a year ago. Net loss was USD 196.16 million compared to USD 141.13 million a year ago. Basic loss per share from continuing operations was USD 2.88 compared to USD 2.26 a year ago.
MongoDB, Inc. specializes in developing and operating a development database platform. The group offers the intuitive and scalable MongoDB multi-cloud platform, enabling developers to create, modernize, deploy and manage applications in the fields of Artificial Intelligence, Edge computing, Internet of Things, mobile applications and payment technology. Net sales break down by source of income as follows:
- subscription sales (96.2%);
- service sales (3.8%).
At the end of January 2023, the group had more than 40,800 customers.
Net sales are distributed geographically as follows: Americas (60.9%), Europe-Middle East-Africa (28.2%) and Asia-Pacific (10.9%).