Monday.Com Ltd. Stock Price, News & Analysis

monday.com (NASDAQ: MNDY) has opened a new office in London, serving as its European headquarters. This space accommodates up to 150 employees and comes as a result of rapid growth, having doubled its workforce last year. monday.com is also expanding its UK team, aiming for over 100 employees by the end of 2022. The London office will host monday U, an academic initiative to train tech talent. The company emphasizes collaboration and transparency in its workspace design.

monday.com (NASDAQ: MNDY), a work operating system, will have its management team participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, at 10:00 am ET. The event will feature a fireside chat format and will be available for live streaming on the company's investor relations website. The company emphasizes its open platform, which allows organizations to build customized work management tools and is currently utilized by over 152,000 customers across more than 200 industries worldwide.

monday.com (NASDAQ: MNDY) reported first-quarter revenue of $108.5 million, an impressive 84% year-over-year growth. The company saw a 187% increase in customers with more than $50,000 in annual recurring revenue (ARR), reaching 960 customers. Net dollar retention for these customers was >150%. Despite the growth, GAAP operating loss increased to $67.5 million. For Q2 2022, monday.com anticipates revenue between $117-119 million, reflecting a 66%-69% year-over-year growth. Overall, the company is focused on improving capital efficiency while expanding its product offerings.

monday.com Ltd. (NASDAQ: MNDY) announced it will disclose its financial results for Q1 2022 on May 16, 2022. A conference call and webcast will be held at 8:30 a.m. ET that day, discussing the financial outcomes. Details of the results and a link to the live webcast will be available on monday.com’s investor relations website. The company emphasizes its platform, known as a Work OS, which supports over 152,000 customers across more than 200 industries worldwide.

monday.com has announced a strategic alliance with KPMG to enhance digital transformation for enterprises worldwide. As the first Work OS partner in the alliance, monday.com will leverage its no-code/low-code platform to create customized solutions for KPMG member firms. This partnership aims to boost operational efficiency and agility, helping organizations navigate complex business challenges. KPMG operates in 145 countries and serves over 80% of the Fortune Global 1000, providing monday.com access to a vast client base to drive innovation and growth.

monday.com reported a strong fiscal year 2021, with revenues reaching $308.2 million, a 91% increase year-over-year. The company showcased a robust net-dollar-retention rate of over 135% for customers with more than 10 users, and a 200% growth in customers generating over $50k ARR. Fourth-quarter revenue stood at $95.5 million, with significant improvements in operating loss metrics.

The firm also introduced innovative tools, including monday WorkForms and monday Canvas, strengthening its market position.

Monday.com has launched its most extensive marketing campaign, titled “Work without Limits”, which features a commercial airing during Super Bowl LVI on February 13th. The ad aims to showcase how its Work OS empowers organizations by enabling them to create tools and processes tailored to their needs. The campaign reaches an estimated 30 million viewers in major U.S. cities and includes various supporting advertisements. The company reported a 231% increase in enterprise customers and a 95% revenue growth in its last earnings.

monday.com (NASDAQ: MNDY) has announced it will release its financial results for Q4 and the fiscal year 2021 on February 23, 2022. A conference call will be held at 8:30 a.m. Eastern Time to discuss these results. The call will be accessible via telephone and an archived webcast will be available on the company's investor relations website. monday.com operates a customizable Work OS utilized by over 127,000 customers across more than 200 industries globally.

monday.com (NASDAQ: MNDY) reported third-quarter revenue of $83.0 million, a remarkable 95% year-over-year growth. The company achieved a net dollar retention rate exceeding 130% for customers with over 10 users, highlighting strong customer satisfaction. Annual recurring revenue from enterprise customers with over $50,000 surged by 231% year-over-year, reaching 613. Despite a GAAP operating loss of $29.2 million, improvements were noted with a negative operating margin of 35%. Cash and cash equivalents stood at $876.2 million, including IPO proceeds. The company expects fourth-quarter revenue between $87-$88 million.