Mongodb Stock Price, News & Analysis

MongoDB, Inc. (NASDAQ: MDB) announced its financial results for Q4 and fiscal year 2021, reporting a 38% year-over-year revenue increase to $171 million for Q4, and $590.4 million for the full year, up 40%. Subscription revenue was particularly strong, growing by 39% to $163.9 million in Q4. Despite these gains, the company experienced a net loss of $75.8 million, or $1.25 per share, in Q4, heightened from $62.6 million a year prior. MongoDB's cash position remains solid at $958.3 million, with projected revenue for Q1 fiscal 2022 expected between $167 million and $170 million.

MongoDB has announced an expanded five-year partnership with Google Cloud, enhancing their go-to-market collaboration. The integration allows customers to use MongoDB Atlas alongside various Google Cloud services, featuring consolidated billing and support. This partnership supports modernizing legacy systems and improving cloud-based data management. With over 22,600 customers globally, MongoDB aims to enhance customer experiences in digital transformations. The service is available in all 24 Google Cloud regions, emphasizing a commitment to driving customer success.

MongoDB (NASDAQ: MDB) announced it will report its financial results for Q4 and full year ending January 31, 2021, on March 9, 2021, after market close.

A conference call will be held on the same day at 5:00 p.m. ET to discuss the results and business outlook. The call can be accessed via phone or a live webcast on the Investor Relations page of the company's website.

MongoDB serves over 22,600 customers globally, and its platform has been downloaded more than 130 million times.

MongoDB, Inc. (NASDAQ: MDB) announced a global partnership with Tencent Cloud on February 3, 2021. This collaboration allows Tencent customers to access MongoDB-as-a-Service across Tencent's cloud infrastructure. With operations in 27 regions, the service ensures high availability and scalability of applications. MongoDB, the world's most popular document database, boasts over 130 million downloads and a robust developer community. Early users, including a gaming company and an e-commerce platform, report significant improvements in performance and user experience.

On February 2, 2021, MongoDB, Inc. (NASDAQ: MDB) announced the launch of MongoDB Realm Sync, a managed service that facilitates data synchronization between the Realm mobile database and MongoDB Atlas. This service addresses the challenges of mobile application development, enabling seamless data access and offline functionality. With over two billion downloads of Realm applications and more than 20,000 customers utilizing MongoDB Atlas globally, the introduction of Realm Sync aims to enhance user experience and improve productivity.

MongoDB, Inc. (NASDAQ: MDB) announced its participation in two upcoming virtual conferences: the Goldman Sachs Virtual Technology and Internet Conference 2021 on January 12, 2021, at 9:40 AM ET, and the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 10:00 AM ET. The presentations will be made by key executives including President Dev Ittycheria, CFO Michael Gordon, and VP Serge Tanjga. Live webcasts of the events will be available on the MongoDB investor relations website, with replays accessible later.

MongoDB, Inc. (MDB) reported strong Q3 FY2021 results with a revenue of $150.8 million, up 38% year-over-year. Subscription revenue rose 39% to $144.1 million. Gross profit was $104.7 million with a 69% margin. However, the company incurred a net loss of $72.7 million, or $1.22 per share, compared to $42.4 million loss in the prior year. MongoDB forecasts Q4 revenue between $155 million and $157 million and full-year revenue of $574.4 million to $576.4 million.

MongoDB, Inc. (NASDAQ: MDB) announced that its COO, Michael Gordon, and VP of Finance, Serge Tanjga, will present at the UBS Global TMT Conference on December 9, 2020, at 10:15 AM ET, and the Barclays Global Technology, Media, and Telecommunications Conference on December 10, 2020, at 9:30 AM ET. Both presentations will be webcast live. The company supports more than 20,200 customers globally and has over 125 million downloads of its database platform. Interested parties can access the webcasts at MongoDB’s investor relations website.

MongoDB, Inc. (NASDAQ: MDB) is set to report its third quarter fiscal year 2021 financial results for the period ending October 31, 2020, on December 8, 2020, following the U.S. market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss financial outcomes and future business outlook. MongoDB is recognized as a leading modern database platform with over 20,200 customers and more than 125 million downloads of its database software.