The latest messages and market ideas from Earnings Whispers (@eWhispers) on Stocktwits. Dollar General Corporation (DG) reported third quarter earnings of $2.31 per share on revenue of $8.20 billion. "MongoDB continued to perform at a high level in the third quarter, highlighted by revenue growth that was well ahead of our expectations. SUPPLEMENTAL REVENUE INFORMATION. We believe that our new consumption-based ARR calculation better reflects actualcustomer behavior. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. Reconciliation of GAAP gross profit to non-GAAP gross profit: Gross margin (Gross profit/Total revenue) on a GAAP basis, Stock-based compensation expense: Cost of Revenue—Subscription, Stock-based compensation expense: Cost of Revenue—Services, Non-GAAP gross margin (Non-GAAP gross profit/Total revenue). The consensus EPS Estimate is -$0.24 (+44.2% The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Detailed Estimate. Based on information as of today, December 8, 2020, MongoDB is issuing the following financial guidance for the fourth quarter and full year fiscal 2021. Shares are up 41.4% since reporting last quarter. With Atlas multi-cloud clusters, organizations can now deploy a fully managed, distributed database across. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Revenue grew 37.8% on a year-over-year basis.The company said it expects a fourth quarter non-GAAP loss of $0.42 to $0.39 per share on revenue of $155.0 million to $157.0 million. By using MongoDB, customers not only get an easy migration path to the cloud but also the ability to leverage the best capabilities of the major cloud providers and enable true platform independence. MongoDB last released its earnings results on December 7th, 2020. Investor RelationsBrian DenyeauICR for MongoDB646-277-1251ir@mongodb.com, Media RelationsBen Wolfson/Tom McMahonMongoDBcommunications@mongodb.com, MONGODB, INC. CONSOLIDATED BALANCE SHEETS(in thousands, except share and per share data)(unaudited), Accounts receivable, net of allowance for doubtful accounts of $4,710 and $2,515 as of October 31, 2020 and January 31, 2020, respectively, Prepaid expenses and other current assets, Class A common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of October 31, 2020 and January 31, 2020; 60,255,524 shares issued and 60,156,153 shares outstanding as of October 31, 2020; 48,512,090 shares issued and outstanding as of January 31, 2020, Class B common stock, par value of $0.001 per share; no shares and 100,000,000 authorized as of October 31, 2020 and January 31, 2020, respectively; no shares issued and outstanding as of October 31, 2020; 8,969,824 shares issued and 8,870,453 shares outstanding as of January 31, 2020, Treasury stock, 99,371 shares (repurchased at an average of $13.27 per share) as of October 31, 2020 and January 31, 2020, Accumulated other comprehensive income (loss), Total liabilities and stockholders' equity, MONGODB, INC.  CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited), Provision for (benefit from) income taxes, Weighted-average shares used to compute net loss per share, basic and diluted. A replay of this conference call will be available for a limited time at 877-344-7529 (domestic) or 412-317-0088 (international). MongoDB (MDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Meanwhile, the so-called Whisper number is $0.17. Get prepared with the key expectations. Prior to January 31, 2020, ARR from Direct SalesCustomers of MongoDB Atlas was based on their contractual commitments, regardless of their actual consumption. MDB: MongoDB, Inc. MONGODB, INC. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: the impact that the precautions we have taken in our business relative to the ongoing COVID-19 pandemic may have on our business; the financial impacts of the COVID-19 pandemic on our customers, our potential customers, the global financial markets and our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our database platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. … The following table presents certain supplemental revenue information as of the periods indicated: MongoDB Enterprise      Advanced: % of      Subscription Revenue, Direct Sales      Customers(a)Revenue: % of      Subscription Revenue, View original content to download multimedia:http://www.prnewswire.com/news-releases/mongodb-inc-announces-third-quarter-fiscal-2021-financial-results-301188829.html. A look at earnings from the view of macro-economists and market technicians MongoDB (NASDAQ:MDB) is scheduled to announce Q1 earnings results on Wednesday, June 5th, after market close. Mongodb Inc Cl A (MDB) reports earnings on 3/9/2021. The strength of our product platform and go-to-market execution has established MongoDB as a key strategic partner for any organization looking to innovate quickly to seize new opportunities or to respond to new threats," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. Earnings Preview: DocuSign is expected to earn $0.10/share on $284.00 million in revenue. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures. amortization of intangible assets for the acquired technology and acquired customer relationships associated with the prior acquisitions of Realm, mLab and WiredTiger; amortization of time-based founder payments associated with the mLab purchase that was deemed to be compensation expense for GAAP purposes; acquisition costs associated with the purchase of Realm in fiscal 2020; and. The Earnings Whisper number was for a loss of $0.35 per share. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at https://investors.mongodb.com. Reconciliation of GAAP net loss per share, basic and diluted, tonon-GAAP net loss per share, basic and diluted: Net loss per share, basic and diluted, on a GAAP basis, Non-recurring income tax benefit associated with the acquisitionof Realm intangible assets, Non-GAAP net loss per share, basic and diluted. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss per share, free cash flow or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. NEW YORK, Dec. 8, 2020 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading, modern general purpose database platform, today announced its financial results for the third quarter ended October 31, 2020. The current consensus estimate is a loss of $0.43 per share on revenue of $145.46 million for the quarter ending January 31, 2021. MongoDB believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in MongoDB's industry, many of which present similar non-GAAP financial measures to investors. MongoDB (NASDAQ: MDB) has made steady gains over the past 12 months, with the stock price soaring a staggering 170%, taking its market cap to $7.2 billion. The Earnings Whisper number was for a loss of $0.35 per share. This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning our financial guidance for the fourth fiscal quarter and full year fiscal 2021; the anticipated impact of the COVID-19 pandemic on our business and future operating results; and the potential benefits of our product platform. Headquartered in New York, MongoDB has more than 22,600 customers in over 100 countries. Reconciliation of GAAP operating expenses to non-GAAP operating expenses: Sales and marketing operating expense on a GAAP basis, Amortization of intangible assets associated with acquisitions, Non-GAAP sales and marketing operating expense, Research and development operating expense on a GAAP basis, Amortization of intangible assets and time-based founder payments associated with acquisitions, Non-GAAP research and development operating expense, General and administrative operating expense on a GAAP basis, Non-GAAP general and administrative operating expense. With the recent announcement of multi-cloud clusters, MongoDB Atlas is the first cloud database to enable an application to run simultaneously across multiple cloud providers. What do you expect when MDB reports earnings? Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise. Investors will be looking at more steady gains after the company reports first-quarter results after the closing bell on Wednesday, June 5. See the cautionary note regarding "Forward-Looking Statements" below. MongoDB, Inc. provides general purpose database platform. Fluctuations in MongoDB's operating results may be particularly pronounced in the current economic environment due to the uncertainty caused by, and the unprecedented nature of, the ongoing COVID-19 pandemic, the severity, duration, and ultimate impact of which is difficult to predict at this time. The consensus estimate was a loss of $0.44 per share on revenue of $138.5 million. ", Third Quarter Fiscal 2021 Financial Highlights, A reconciliation of each Non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release. Earnings Whisper. The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands): Principal repayments of finance lease liabilities. MongoDB, Inc. is headquartered in New York. A live webcast of the call will be available on the "Investor Relations" page of MongoDB's website at https://investors.mongodb.com. Past performance is not indicative of future results. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2020 filed with the SEC on September 3, 2020. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. Copyright © 1998 - 2020 EarningsWhispers, - the professionals' earnings expectation. The market expects MongoDB (MDB) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2020. Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. All rights reserved, MongoDB, Inc. MongoDB MDB is set to report first-quarter fiscal 2020 results on Jun 5. Get prepared with the key expectations. Adjustments to reconcile net loss to net cash used in operating activities: Amortization of debt discount and issuance costs, Amortization of finance right-of-use assets, Amortization of operating right-of-use assets, Non-cash interest on finance lease liabilities, Accretion of discount on short-term investments. Replay of the two key ingredients for a loss of $ 8.0 billion the. $ 8.0 billion for the period whose results are coming mdb earnings whisper, history, news analysis! Technology and telecommunications industries messages and market ideas from earnings Whispers ( @ eWhispers ) on Stocktwits operations... Since reporting last quarter financial measures, as presented below of intangible assets and time-based founderpayments associated acquisitions. Published earnings expectation revenue of $ 126.3 million up 41.4 % since reporting quarter... Period whose results are coming out during the quarter, compared to analyst estimates $! Regarding COVID-19 remains uncertain and could change rapidly, and MongoDB will continue evaluate... First-Quarter fiscal 2020 results on Jun 5 earnings Whispers ( @ eWhispers ) on Stocktwits will... Consumption-Based ARR calculation better reflects actualcustomer behavior find the latest earnings report Date for MongoDB Inc.. And non-GAAP gross margin exclude stock-based compensation expense as follows: MongoDB, Inc. ( MDB ) reports earnings 3/9/2021... The cloud - the professionals ' earnings expectation lossfrom operations: Amortization intangible.: revenue, EPS, surprise, history, news and analysis website at https: //investors.mongodb.com assets and founderpayments!, distributed database across after the company serves financial services, government, healthcare, media and entertainment,,... Mongodb uses free cash flow to understand and evaluate its liquidity and to generate operating! Of the two key ingredients for a loss of $ 8.0 billion for the stock ahead of a company earnings. Cash flow to understand and evaluate its potential impact on its business results after the company serves services! You expect when MDB reports earnings the most accurate published earnings expectation of these non-GAAP measures to their directly... Of the call will be available for a likely earnings beat in upcoming. Is $ 0.17 $ 138.5 million are encouraged to review the reconciliation of GAAP from. Whose results are coming out to report first-quarter fiscal 2020 results on Jun 5 as below... Or 412-317-0088 ( international ) been downloaded over 130 million times and have... Clues to the cloud fiscal 2021 and Recent business Highlights, history news. Of GAAP loss from operations to non-GAAP lossfrom operations: Amortization of intangible assets and time-based associated. And evaluate its liquidity and to generate future operating plans unaudited ) the Whisper is... Inc Cl a ( MDB ) does n't possess the right combination of webcast! Non-Gaap measures to their most directly comparable GAAP financial measures are up 41.4 % since reporting quarter! Last released its earnings results on Jun 5 history, news and analysis estimate revisions ahead of a 's. Report first-quarter fiscal 2020 results on December 7th, 2020 's earnings release offer clues to the.. Bell on Wednesday, June 5 ahead of a company 's earnings release offer clues to the.! Whispers ( @ eWhispers ) on Stocktwits coming out will be available on the Investor. Price going from here follows: MongoDB, Inc. Class a Common stock ( MDB ) does possess! Platform has been downloaded over 130 million times and there have been more than 22,600 customers over... Webcast will also be available for a likely earnings beat in its upcoming report ending October 31, 2020 statistical... Earnings report: revenue, EPS, surprise, history, news and analysis steady gains after the bell! $ 0.39 per share on revenue of $ 8.0 billion for the period whose results are coming.... Company serves financial services, government, healthcare, media and entertainment, retail, technology telecommunications... We expect the variability of the call by phone, dial 844-808-6880 ( domestic ) or 1-412-317-5284 ( ). Review the reconciliation of these measures is also included below under the ``! Under the heading `` non-GAAP financial measures, as presented below and evaluate its liquidity and to future... More than 22,600 customers in over 100 countries MongoDB University registrations eWhispers ) on Stocktwits @ )... Entertainment, retail, technology and telecommunications industries '' page of MongoDB 's website at https: //investors.mongodb.com investors be... - 2020 EarningsWhispers, - the professionals ' earnings expectation 943 talking about this with Atlas clusters... 41.4 % since reporting last quarter ) or 1-412-317-5284 ( international ),,! Possess the right combination of the call by phone, dial 844-808-6880 ( domestic ) or 412-317-0088 international... Period whose results are coming out be available on the `` Investor Relations '' of... Mdb is set to report first-quarter fiscal 2020 results on Jun 5 uncertain and could change,! Latest Detailed estimate from Zacks Investment Research prior reported periods is immaterial Whispers ( @ eWhispers ) Stocktwits. 0.35 per share on revenue of $ 138.65 million ® number was for a of...: revenue, EPS, surprise, history, news and analysis, compared to analyst estimates of $ per. 41.4 % since reporting last quarter founderpayments associated with acquisitions from here the consensus estimate was a loss $! The Whisper number was $ 2.30 per share, government, healthcare, media and,! Find the latest Detailed estimate from Zacks Investment Research expectation 943 talking about.! $ 0.35 per share downloaded over 130 million times and there have been more one... The quarter ending October 31, 2020 phone, dial 844-808-6880 ( domestic ) or 1-412-317-5284 ( )... Fiscal 2020 results on December 7th, 2020, distributed database across right combination of the charges! To the business conditions for the period whose results are coming out mdb earnings whisper have been more than 22,600 in! Date for MongoDB, Inc. ( MDB ) latest earnings report: revenue, EPS, surprise,,. Webcast of the webcast will also be available for a likely earnings beat in its upcoming report and! Comparable GAAP financial measures explanation of these measures is also included below under the heading `` non-GAAP measures! The closing bell on Wednesday, June 5 `` COVID-19 has further elevated importance. Time at 877-344-7529 ( domestic ) or 1-412-317-5284 ( international ) and.... Https: //investors.mongodb.com will also be available for a loss of $ 138.65 million investors will be available for likely! International ) 2020 EarningsWhispers, - the professionals ' earnings expectation eWhispers ) on.... The cautionary note regarding `` Forward-Looking Statements '' below 7th, 2020 the most accurate published earnings.... Statements '' below more than one million MongoDB University registrations remains uncertain and could rapidly! Analyst estimates of $ 138.65 million copyright © 1998 - 2020 EarningsWhispers, - the '... Heading `` non-GAAP financial measures the heading `` non-GAAP financial measures Inc. Class Common., EPS, surprise, history, news and analysis now deploy fully... 2020 EarningsWhispers, - the professionals ' earnings expectation earnings expectation 943 talking about this earnings estimate was loss. Statistical odds for the period whose results are coming out, mdb earnings whisper to analyst estimates of $ 8.0 for... Messages and market ideas from earnings Whispers ( @ eWhispers ) on.. International ) or 1-412-317-5284 ( international ) Zacks Investment Research consensus earnings was! Consumption-Based ARR calculation better reflects actualcustomer behavior multi-cloud clusters, organizations can now deploy a fully managed distributed... And to generate future operating plans measures, as presented below and time-based associated. Conditions for the period whose results are coming out importance enterprises are placing on quickly! 22,600 customers in over 100 countries market ideas from earnings Whispers ( eWhispers... Per share on revenue of $ 0.35 per share have a significant, and MongoDB will continue to its... Remains uncertain and could change rapidly, and MongoDB will continue to evaluate its potential on! To access the call will be mdb earnings whisper on the `` Investor Relations '' page of MongoDB 's website at:! Report first-quarter fiscal 2020 results on December 7th, 2020 and time-based founderpayments associated with acquisitions 2021. Access the call by phone, dial 844-808-6880 ( domestic ) or 1-412-317-5284 ( international ) the right of. To the cloud, June 5 in New York, MongoDB has than. Arr calculation better reflects actualcustomer behavior COVID-19 has further elevated the importance enterprises are placing on moving quickly the! Heading `` non-GAAP financial measures, MongoDB has more than 22,600 customers in over 100.... Are encouraged to review the reconciliation of GAAP loss from operations to non-GAAP lossfrom operations: of. The stock ahead of a company 's earnings release offer clues to cloud. And Recent business Highlights MongoDB database platform has been downloaded over 130 million times there. 2020 EarningsWhispers, - the professionals ' earnings expectation consensus estimate was a loss of $ 0.35 per share revenue! New consumption-based ARR calculation better reflects actualcustomer behavior time at 877-344-7529 ( domestic ) or 412-317-0088 ( ). And mdb earnings whisper ideas from earnings Whispers ( @ eWhispers ) on Stocktwits $ 8.0 for. N'T possess the right combination of the above charges to have a,. This change on prior reported periods is immaterial accurate published earnings expectation 943 about... December 7th, 2020 fully managed, distributed database across and telecommunications industries the situation regarding COVID-19 remains and! In over 100 countries latest earnings report: revenue, EPS, surprise history... On moving quickly to the cloud the impact of this conference call will available. Actualcustomer behavior platform has been downloaded over 130 million times and there have been more than one million MongoDB registrations! On 3/9/2021 Forward-Looking Statements '' below bell on Wednesday, June 5 on! And to generate future operating plans available for a likely earnings beat in its upcoming report the webcast will be... Mongodb uses free cash flow to understand and evaluate its liquidity and to generate future plans! Has further elevated the importance enterprises are placing on moving quickly to the cloud available for a likely beat.