The stock of MongoDB Inc (MDB) closed the recent trading session at $281.74, gaining 0.63% from the previous trading session. On the last check, the stock of MDB remained bullish in the after-market, gaining 9.67% to $308.98. The company disclosed the fiscal performance for Q4 and FY2022. MongoDB also filed form 8-K with the SEC for the disclosure of fiscal performance.
MongoDB Inc is a software organization that creates and offers business help for the source-accessible information base MongoDB. It is a NoSQL data set that stores information in JSON-like archives with adaptable schemas. The company has a market capitalization of $18.81 billion and 66.75 million shares pending. MDB headquarters in New York, United States of America (USA).
MDB Financials
On 8 March 2022, MongoDB declared the fiscal performance for Q4 and FY2022, which concluded on 31 January 2022. The key financials of the company are
- The total sales for MDB in Q4 of FY2022 expanded by 55.8% to $266.4 million versus $170.9 million in the same year-ago period. Also, the total sales of FY2022 grew by 48% to $873.7 million against $590.3 million in FY2021.
- The company had a profit of $190.6 million in Q4 of FY22 compared to $120.01 million in the same period last year. This marks an increase of 58.8%. Moreover, the profit in FY22 expanded by 48.6% to $614.2 million from $413.3 million in FY21.
- MDB reported a total loss of $84.4 million in Q4 of FY22 versus $75.8 million in Q4 of FY21, marking an increase of 11.4%. Further, the total loss in FY2022 was $306.8 million in comparison to $266.9 million in FY2021. This marks a growth of 14.9% in the total loss.
- Moreover, the company had a loss of $1.26 and $4.75 per stock in Q4 and FY22, respectively.
The CEO of MongoDB (MDB), Dev Ittycheria, commented that MongoDB conveyed remarkable final quarter results. Further, MR. Ittycheria concluded that they enter FY2023 having laid out MongoDB as the main application stage used to construct new and modernize applications.
FY2023 stance
MongoDB (MDB) estimates the revenue for the Q1 of the fiscal year 2023 to be in the range of $263 million and $267 million. Also, the company estimates the revenue for FY2023 to be in the range of $1.15 billion and $1.18 billion.
