Expectation to actual valuation: Mongodb Inc (NASDAQ: MDB)

Mongodb Inc (NASDAQ: MDB) stock plunged -3.35% and closed at 214.51. The stock opened the session at $218.97 and touched its highest price point at $221.9. Its recent trading capacity is 2341333 shares versus to its average trading volume of 893630 shares.

MongoDB, Inc. (MDB) recently reported its financial results for the second quarter ended July 31, 2020.

Second Quarter Fiscal 2021 Financial Highlights

Revenue: Total revenue was $138.3M in the second quarter fiscal 2021, a raise of 39% year-over-year. Subscription revenue was $132.5M, a raise of 41% year-over-year, and services revenue was $5.8M, a raise of 11% year-over-year.

Gross Profit: Gross profit was $96.0M in the second quarter fiscal 2021, representing a 69% gross margin, contrast to 70% in the year-before period. Non-GAAP gross profit was $99.7M, representing a 72% non-GAAP gross margin.

Loss from Operations: Loss from operations was $49.8M in the second quarter fiscal 2021, contrast to $37.7M in the year-before period. Non-GAAP loss from operations was $10.2M, contrast to $14.8M in the year-before period.

Net Loss: Net loss was $64.5M, or $1.10 per share, based on 58.4M weighted-average shares outstanding in the second quarter fiscal 2021. This compares to $37.3M, or $0.67 per share, based on 55.6M weighted-average shares outstanding, in the year-before period. Non-GAAP net loss was $12.7M or $0.22 per share. This compares to $14.7M or $0.26 per share in the year-before period.

Cash Flow: As of July 31, 2020, MongoDB had $975.4M in cash, cash equivalents, short-term investments and restricted cash. During the three months ended July 31, 2020, MongoDB used $10.0M of cash from operations, $3.8M in capital expenditures and $1.1M in principal repayments of finance leases, leading to negative free cash flow of $15.0M, contrast to negative free cash flow of $13.8M in the year-before period.

Second Quarter Fiscal 2021 and Recent Business Highlights

Strengthened our executive team with three key new leaders. We designated Mark Porter to the role of Chief Technology Officer, Harsha Jalihal to the role of Chief People Officer and Rishi Dave to the role of Chief Marketing Officer. All three executives bring demonstrated functional expertise and experience scaling Billion-dollar plus technology companies.

Over 14,000 attendees from 130 countries joined us for MongoD B.live – a free, global, fully digital, two-day event. The event featured key product announcements including 4.4 updates, a keynote showcasing how consumers benefit from using our entire platform, as well as over 100 breakout sessions, live workshops and hands-on tutorials.

Microsoft awarded us Gold Data Platform partner status, the highest tier within its partner program. This will deepen our joint venture with them by increasing go-to-market services and technical enablement for joint MongoDB and Azure consumers. Microsoft Gold Certified Partners receive a rich set of benefits, including access, training and support.

“MongoDB’s strong second quarter performance reflected impressive sales execution and the growing planned importance of our modern data platform in solving many of our consumers’ most complex digital transformation challenges,” stated Dev Ittycheria, President and Chief Executive Officer of MongoDB. “The record number of direct sales and total consumer adds in the quarter are clear proof points that our focus on getting more consumers onto our platform is working.”

Company’s performance for the week was -5.05%, 0.36% for month and YTD performance remained – 62.99%. Its earnings per share (EPS) expected to touch remained -64.90% for this year while earning per share for the past 5-years is expected to reach at 14.90%. MDB has a gross margin of 70.70% and an operating margin of -34.20% while its profit margin remained -44.50% for the last 12 months.

James Hansen

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