Domo, Inc. (NASDAQ: DOMO)

Domo, Inc., trading under the symbol DOMO, operates in the technology industry as a cloud-based platform facilitating data connectivity, transformation, and analysis for organizations. The company's mission is to make data-driven decision-making accessible to everyone within an organization, from top-level executives to front-line employees. Domo's platform is constructed upon four core principles: All of Your People, All of Your Data in Real-Time, Intelligence that Invites Actions, and Domo Apps and Appstore.

Domo's platform is equipped with a range of features and functionalities, including over 1,000 connectors that enable users to link various data sources, a data warehouse for storing vast amounts of data, a low-code data transformation tool, and embedded analytics tools for delivering data experiences to customers, partners, and vendors. Furthermore, the platform incorporates a workflow engine for automating key business processes and a task center app for managing workflow queues.

The company's competitive edge stems from its mobile functionality, which allows users to access data and collaborate in real-time from any location. Domo's platform is designed for ease of adoption, offering a free trial through its website along with traditional inside and field sales models. The platform's high scalability enables it to process large volumes of data and provide real-time analysis.

As of January 31, 2024, Domo boasted more than 2,600 organizations as customers, with annual recurring revenue (ARR) net retention rates of 109%, 106%, and 96% for the years ended January 31, 2022, 2023, and 2024, respectively. The company's revenue for the same periods was $258.0 million, $308.6 million, and $319.0 million, respectively, representing year-over-year growth of 20% and 3%.

Domo's platform assists organizations in achieving increased productivity, improved decision-making, and enhanced collaboration. The platform is designed to create a virtuous cycle of optimization, where the combination of its six core benefits drives a seventh factor, a virtuous cycle of optimization.

In the highly competitive market that Domo operates in, the company competes with established players such as Tableau, Power BI, and Qlik. However, Domo's unique value proposition, including its mobile functionality, ease of use, and scalability, positions it well in this market.

Domo's technology is built upon the ability to connect all relevant business data, cleanse, and transform that data into easily visualized and analyzed formats. The platform provides real-time access to data through a broad and flexible set of connection options, including over 1,000 first-class connectors and a library of universal connectors.

Domo's data warehouse, Adrenaline, stores massive amounts of data connected from across the business, enabling quick data access. The platform's fast query layer eliminates the need for IT to perform time-consuming data summarizations or other complex processes to maintain high query performance.

Domo's self-service ETL toolset, Fusion, enables users to easily join, aggregate, and cleanse data from multiple sources. Users can also deploy AI models and services powered by Domo AI Models.

Domo's analysis and visualization suite, Explorer, allows users to analyze, display, share, and interact with data through pixel-perfect visualizations.

Domo's real-time collaboration features connect all employees across an organization, while also allowing everyone to customize and create personalized experiences.

Domo AI brings the value of AI to business users and includes two foundational elements: AI Model Management and the AI Service Layer.

The Domo Appstore offers hundreds of apps, developed internally and by an open ecosystem of partners, providing expertise across various industries. Developer tools and programmatic APIs enable the rapid development and delivery of custom apps leveraging the Domo platform and services.

Domo's platform is designed to meet the enterprise security, compliance, and privacy requirements of its customers, particularly in highly regulated industries.