==Monday.com (MNDY) reported earnings on Mon 14 Nov 22 (b/o)

 

Monday.com beats by $0.59, beats on revs; guides Q4 revs above consensus 

• Reports Q3 (Sep) earnings of $0.05 per share, excluding non-recurring items, $0.59 better than the S&P Capital IQ Consensus of ($0.54); revenues rose 64.9% year/year to $136.89 mln vs the $130.45 mln S&P Capital IQ Consensus.
  • Non-GAAP operating loss was $2.2 million compared to a loss of $9.4 million in the third quarter of 2021; non-GAAP operating margin was negative 2% compared to negative 11% in the third quarter of 2021.
• Co issues upside guidance for Q4, sees Q4 revs of $140-142 mln vs. $138.65 mln S&P Capital IQ Consensus.
  • Expects Q4 Non-GAAP operating loss of $22 million to $20 million and negative operating margin of 15% to 14%.