MariaDB Plc Stock Price, News & Analysis

MariaDB plc (NYSE:MRDB) has expanded its SkySQL cloud database service to include observability for on-premise databases, starting at $45 per month. This new feature allows users to monitor all MariaDB deployments, enhancing efficiency through centralized insights. SkySQL Observability offers dashboards for real-time performance, log collection and alerts, as well as an API for third-party integrations. The service supports MariaDB Community Server, Enterprise Server, and more, facilitating disaster recovery strategies. Free access is available for users with a MariaDB subscription, while non-subscribers can pay the aforementioned fee. This announcement comes just ahead of the upcoming OpenWorks 2023 event in New York City, scheduled for May 9-10, 2023.

MariaDB plc (NYSE: MRDB) has appointed Conor McCarthy as its new Chief Financial Officer, effective April 10, 2023. McCarthy brings over 30 years of experience in finance with a focus on scaling SaaS businesses. He highlighted MariaDB's potential in the $74 billion relational database market and noted the company’s impressive 90% year-over-year growth in cloud-related subscription revenue. The company reported a 20% increase in overall revenue year-over-year in the last quarter of 2022. McCarthy's previous roles include CFO at Ideanomics and OS33, enhancing his qualifications to lead financial strategies at MariaDB. The company continues its transformation towards cloud services with innovations like autoscaling and serverless analytics.

MariaDB plc (NYSE: MRDB) announced its participation in the AWS Global Summits to showcase MariaDB SkySQL, a second-generation cloud database service. The events will take place in Paris on April 4, Berlin on May 4, London on June 7, and New York City on July 26. Attendees can witness demonstrations of SkySQL's features such as serverless analytics and autoscaling. Additionally, visitors to the booth will have opportunities to win prizes and acquire resources like the book Distributed SQL for Dummies. This initiative underscores MariaDB's collaboration with AWS to enhance customer access to efficient cloud database solutions.

MariaDB plc (NYSE: MRDB) announced the launch of a new release for MariaDB SkySQL, a cloud database service, featuring autoscaling capabilities for resource management and serverless analytics. This innovation allows organizations to adjust resources based on demand, optimizing costs and performance. The autoscaling feature automatically adds or removes nodes based on CPU utilization, ensuring users pay only for the resources they need. The service is now available on AWS and Google Cloud, offering new users $500 in credits. This release aims to enhance scalability, resilience, and efficiency in cloud database operations.

MariaDB plc (NYSE: MRDB) will host its OpenWorks global user conference on May 9-10, 2023 in New York City and virtually. The event features 40 sessions and a keynote by CEO Michael Howard, showcasing innovations in open-source databases, particularly SkySQL. In-person attendees will have exclusive access to certification and hands-on workshops. Early bird pricing ends March 31.

MariaDB plc (NYSE: MRDB) reported its financial results for Q1 FY2023, ending December 31, 2022, showcasing 20% revenue growth year-over-year to $12.8 million. A significant highlight was the 90% increase in cloud-related subscription revenue, reflecting ongoing transformation towards cloud services. Their Annual Recurring Revenue (ARR) rose to $52.0 million, a 17% increase year-over-year. Despite these gains, the company reported a net loss of $13.0 million ($0.55 per share), compared to a $12.2 million loss in the same quarter last year. Notably, MariaDB signed a historic multi-year contract valued at up to $34 million.

MariaDB plc has completed its merger with Angel Pond Holdings Corporation, effective December 19, 2022. The company now trades under the ticker MRDB on the NYSE. Ending FY22, MariaDB reported over $50 million in Annual Recurring Revenue (ARR) and serves over 600 customers globally. The merger aims to enhance the company's position in the competitive cloud database market, providing cost-effective solutions that can reduce database costs by up to 90%. CEO Michael Howard emphasizes MariaDB’s commitment to multicloud offerings supporting scalability and performance.