MongoDB, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2022
December 06, 2022 at 04:19 pm
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MongoDB, Inc. reported earnings results for the third quarter and nine months ended October 31, 2022. For the third quarter, the company reported revenue was USD 333.62 million compared to USD 226.89 million a year ago. Net loss was USD 84.84 million compared to USD 81.29 million a year ago. Basic loss per share from continuing operations was USD 1.23 compared to USD 1.22 a year ago.
For the nine months, revenue was USD 922.73 million compared to USD 607.29 million a year ago. Net loss was USD 281 million compared to USD 222.42 million a year ago. Basic loss per share from continuing operations was USD 4.11 compared to USD 3.49 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%).