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Wednesday, March 13, 2019

MongoDB (MDB) reported earnings on Wed 13 March 19 (a/h)

** charts before earnings **

 



** charts after earnings **





 





MongoDB beats by $0.21, beats on revs; guides Q1 EPS and rev above consensus; guides FY20 EPS and rev above consensus 
  • Reports Q4 (Jan) loss of $0.17 per share, excluding non-recurring items, $0.21 better than the S&P Capital IQ Consensus of ($0.38); revenues rose 84.7% year/year to $83.1 mln under ASC 605 vs. the $74.02 mln S&P Capital IQ Consensus. 
  • Over the past fiscal year, the number of customers with an annualized spend of more than $1 million grew by 77% to 39, and the number of six-figure customer relationships expanded by 57% to 557. MongoDB now has over 13,400 customers, up ~130% from last year, including over 11,400 Atlas customers (1/3 rev mix at $100M annualized run rate), of which ~4,200 were acquired from mLab.
  • Guidance is under ASC 606 which the company adopted this year
  • Co issues upside guidance for Q1, sees EPS of ($0.25-0.23), excluding non-recurring items, vs. ($0.37) S&P Capital IQ Consensus; sees Q1 revs of $82-84 mln vs. $74.96 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY20, sees EPS of ($1.06-0.98), excluding non-recurring items, vs. ($1.28) S&P Capital IQ Consensus; sees FY20 revs of $363-371 mln vs. $347.39 mln S&P Capital IQ Consensus.

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