Mongodb Stock Price, News & Analysis

MongoDB, Inc. (NASDAQ: MDB) announces participation in three major technology conferences: Citi 2022 Global Technology Conference on September 8, Goldman Sachs Communacopia + Technology Conference on September 12, and Piper Sandler Growth Frontiers Conference on September 13. Key executives, including COO Michael Gordon and CEO Dev Ittycheria, will present at these events. Live webcasts will be available on the investor relations website, with replays offered for a limited time. MongoDB serves over 37,000 customers globally and is a leader in the developer data platform sector.

MongoDB, Inc. reported strong Q2 fiscal 2023 results with total revenue of $303.7 million, up 53% year-over-year. Subscription revenue rose to $291.6 million, a 52% increase, while services revenue increased 64% to $12.1 million. Despite a record growth in customer base to over 37,000, the company faced a net loss of $118.9 million, or $1.74 per share. Gross profit margin improved to 71%. The company provided guidance for Q3 and fiscal 2023, estimating revenues of $300.0 million to $303.0 million in Q3 and $1,196.0 million to $1,206.0 million for the full year.

MongoDB, Inc. (NASDAQ: MDB) has scheduled its second quarter fiscal year 2023 financial results announcement for August 31, 2022, after U.S. markets close. The results will cover the period ending July 31, 2022. A conference call will follow at 5:00 p.m. ET on the same day, where the company will discuss its financial results and outlook. Interested parties can access the call via a registration link.

MongoDB (NASDAQ: MDB) has unveiled new capabilities at MongoDB World 2022, aimed at enhancing its developer data platform. The updates focus on addressing diverse data needs for modern applications, including in-app analytics and optimized data lifecycle management. Key features include Column Store Indexes, time series collections, Atlas Data Lake, and enhanced security through Queryable Encryption. These advancements enable developers to build scalable applications while maintaining performance and security. The platform supports a wide range of architectures and integrates seamlessly with popular development tools.

MongoDB, Inc. (NASDAQ: MDB) has announced participation in two major conferences: the Stifel 2022 Cross Sector Insight Conference in Boston, MA on June 8, 2022, and the 42nd Annual William Blair Growth Stock Conference in Chicago, IL on June 9, 2022. Presentations will be made by Michael Gordon, COO and CFO, and Serge Tanjga, Senior VP of Finance. Webcasts of both events will be accessible on the company's investor relations website, with replays available for a limited time.

MongoDB reported strong financial results for Q1 FY2023, with total revenue reaching $285.4 million, a 57% year-over-year increase. Subscription revenue was $274.6 million, up 57%, and services revenue rose 54% to $10.9 million. MongoDB Atlas revenue surged 82%, accounting for 60% of total revenue. Despite a net loss of $77.3 million or $1.14 per share, the company boasts strong cash reserves of $1.8 billion. Guidance for Q2 anticipates a revenue impact of $4-5 million due to macros.

MongoDB, Inc. (NASDAQ: MDB) will report its first quarter fiscal year 2023 financial results on June 1, 2022, after market close. The company will hold a conference call at 5:00 p.m. (ET) on the same day to discuss these results and its business outlook. The live webcast can be accessed on the company’s Investor Relations page. MongoDB serves over 33,000 customers globally and has over 240 million downloads of its database platform.

MongoDB announced it will host an investor session at MongoDB World 2022, its annual user conference, on June 7, 2022. The event will begin at 9:00 a.m. ET with keynote presentations from President & CEO Dev Ittycheria and Chief Product Officer Sahir Azam, followed by the investor session from 11:00 a.m. to 2:00 p.m. ET. Investors can attend in-person in New York City or register for the live webcast. MongoDB is a leading database platform with over 33,000 customers globally.