Monday.Com Ltd. Stock Price, News & Analysis

monday.com Ltd. has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission. The report includes the company's audited financial statements. Investors can access the report on the investor relations website of monday.com as well as on the SEC's website. As a work operating system, monday.com supports organizations in creating customized tools and processes to enhance work management. The platform has seen adoption by over 186,000 customers across diverse industries.

monday.com (NASDAQ: MNDY) has opened its new Asia-Pacific headquarters in Sydney, aiming to leverage growth in the region as it surpasses 13,000 customers in Australia. The new office, located in the CBD, spans over 1,000 square metres and reflects the company's commitment to the local market. This expansion follows a 76% increase in headcount in Australia over the past year. The office design embodies the company's core values, fostering collaboration and inclusivity. monday.com aims to strengthen connections with customers and partners like Canva and Tourism Australia.

monday.com (NASDAQ: MNDY) has announced participation in several investor conferences, showcasing its work operating system capabilities. The conferences include:

• Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 11:00 am ET, San Francisco, CA.
• KeyBanc Capital Markets Emerging Technology Summit on March 7, 2023, at 2:00 pm ET, San Francisco, CA.
• Loop Capital Annual Investor Conference on March 13, 2023, virtually (1x1 meetings only).

These presentations will feature discussions with research analysts and will be available for live streaming on monday.com’s investor relations website.

Appfire has partnered with monday.com (NASDAQ: MNDY) to enhance its app marketplace. This collaboration aims to enable monday.com users to better customize their workflow through new apps that cater to diverse business needs. Since launching its marketplace in 2022, monday.com has attracted over 1.5 million visitors and 380,000 app installs. Appfire will contribute apps like Planning Poker and Dashboard Hub to optimize user experiences, supporting both project management and data visualization. The partnership emphasizes innovation, enhancing collaboration tools for teams across various sectors.

monday.com (NASDAQ: MNDY) reported a fiscal year 2022 revenue of $519.0 million, growing 68% year-over-year. The company achieved a positive adjusted free cash flow for the second consecutive year, with significant growth in customers—86% increase in those generating over $50k ARR. In Q4 alone, revenue reached $149.9 million (57% year-over-year growth). However, the GAAP net loss for the fiscal year was $2.99 per share. Looking ahead, monday.com anticipates 2023 revenue between $688 million and $693 million, reflecting a 33% to 34% growth expectation.

monday.com Ltd. (NASDAQ: MNDY) has announced it will report its financial results for the fourth quarter and fiscal year 2022 on February 13, 2023. The management will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors can access information regarding the financial results and conference call on the investor relations website. The company provides a Work OS that empowers organizations to create customized work management tools, currently serving over 152,000 customers globally across more than 200 industries.

monday.com (NASDAQ: MNDY) has officially opened a new North American office in Denver, spanning over 10,000 square feet, to enhance its sales capabilities. This addition supports the company's expansion efforts, following previous openings in New York City, Miami, and Chicago. The Denver office aims to foster a hybrid work environment and accommodate 45 employees with room for growth. Executives emphasize the value of in-person collaboration and closeness to customers as key drivers for success in 2023.

monday.com has promoted Yoni Osherov to Chief Revenue Officer (CRO), the first to hold this title, to enhance customer experience and drive growth. He will lead over half of the global team, focusing on areas such as sales, marketing, and customer success. Osherov, who joined the company in 2017, has been integral in scaling the sales team significantly. This role aims to foster efficiency and collaboration across departments, ensuring a seamless customer journey as the company continues its upward trajectory.

monday.com (NASDAQ: MNDY) has announced the appointment of Tsafrir Ezra as its new Chief Information Officer, aimed at enhancing data management. Their latest report, based on a survey of IT decision-makers in the U.S., U.K., and Australia, shows a significant increase in software budgets for 2023, with 67% of U.S. leaders planning boosts. The report highlights a trend toward software consolidation for efficiency, with ease of use being a top priority. The ongoing global digital transformation indicates promising growth in the software sector.