Monday.com Ltd. (MNDY) declined in the current market after announcing its fourth quarter and fiscal 2021 results. MNDY values at $134, losing more than 24% compared to yesterday’s closing price. The stock closed at $177.51 at the end of the last trading session. The stock volume traded in the last trading session was around 633K shares. The current market cap of the company is around $6.05 billion.
MNDY: Q4 and Fiscal 2021 Key Financials
- Monday.com Ltd. (MNDY) revenue in Q4 2021 was $95.5 million. It is a gain of more than 91% compared to the revenue of $50.1 million in Q4 2020.
- Fiscal year revenue was $308.2 million, and it is an increase of more than 91% compared to the revenue of $161 million in fiscal 2020.
- The company’s net loss in Q4 2021 was around $32.6 million. The net loss was $62.8 million in Q4 2020
- MNDY net loss in fiscal 2021 was around $129.2 million. The net loss in fiscal 2020 was $152.2 million.
- The Q4 2021 GAAP loss per basic and diluted share was $0.73. GAAP loss per diluted and basic share was $5.48 in Q4 2020.
- For fiscal 2021, GAAP loss per diluted and basic share was $4.53. GAAP loss per diluted and basic share in fiscal 2020 was around $14.19.
MNDY Co-CEOs Remarks
Monday.com has another outstanding quarter and ended the fiscal year 2021 strong. The company grew revenue by 91% and B2B clients by 200% y-o-y, while creating record-free cash flow in Q4, said the co-founder and CEO Roy Mann. Co-CEO Eran Zinman said that in Q4, the company introduced various new features to provide clients with more comprehensive methods of designing software to operate their leading company.
MNDY 2022 Outlook
In terms of revenue, monday.com now predicts a y-o-y increase of 70 percent to 73 percent in Q1 2022. Its estimated revenue for Q1 2022 is between $100 and $102 million. MNDY expects a Non-GAAP loss of $47-$45 million in operational expenses.
MNDY predicts a y-o-y increase of 53 percent to 54 percent in Fiscal 2022. Its estimated revenue for Fiscal 2022 is between $470 and $475 million. MNDY expects Non-GAAP loss of $147-$142 million in operational expenses or minus 30-31% operating margin.
Conclusion
The company stock is declining despite solid business achievements like the launch of Monday Work forms and Monday Canvas. The company’s net loss seems the main reason investors are shying from investing in its stock.
