With Atlas multi-cloud clusters, organizations can now deploy a fully managed, distributed database across. ARR andannualized MRR exclude professional services. MongoDB, Inc. provides general purpose database platform. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. The MongoDB database platform has been downloaded over 130 million times and there have been more than one million MongoDB University registrations. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: the impact that the precautions we have taken in our business relative to the ongoing COVID-19 pandemic may have on our business; the financial impacts of the COVID-19 pandemic on our customers, our potential customers, the global financial markets and our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our database platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. 923 talking about this. The most accurate published earnings expectation For all other customers of our self-serve products, we calculate annualized MRR by annualizing the prior 30 daysof their actual consumption of such products, assuming no increases or reductions in usage. MONGODB, INC. The following table presents certain customer count information as of the periods indicated: Direct Sales Customers are customers that were sold through our direct sales force and channel partners. Copyright © 1998 - 2020 EarningsWhispers, Accounts receivable, net of allowance for doubtful accounts of, Proceeds from exercise of stock options, including early exercised, Proceeds from the issuance of common stock under the Employee, Effect of exchange rate changes on cash, cash equivalents, and restricted, Stock-based compensation expense: Cost of Revenue—, Amortization of intangible assets and time-based founder, Amortization of intangible assets and Founder Holdback, Non-recurring income tax benefit associated with the acquisition, The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly, - the professionals' earnings expectation. The following table presents certain supplemental revenue information as of the periods indicated: MongoDB Enterprise      Advanced: % of      Subscription Revenue, Direct Sales      Customers(a)Revenue: % of      Subscription Revenue, View original content to download multimedia:http://www.prnewswire.com/news-releases/mongodb-inc-announces-third-quarter-fiscal-2021-financial-results-301188829.html. Based on information as of today, December 8, 2020, MongoDB is issuing the following financial guidance for the fourth quarter and full year fiscal 2021. Adjustments to reconcile net loss to net cash used in operating activities: Amortization of debt discount and issuance costs, Amortization of finance right-of-use assets, Amortization of operating right-of-use assets, Non-cash interest on finance lease liabilities, Accretion of discount on short-term investments. "COVID-19 has further elevated the importance enterprises are placing on moving quickly to the cloud. The Earnings Whisper number was for a loss of $0.35 per share. MongoDB (NASDAQ: MDB) has made steady gains over the past 12 months, with the stock price soaring a staggering 170%, taking its market cap to $7.2 billion. Investors will be looking at more steady gains after the company reports first-quarter results after the closing bell on Wednesday, June 5. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Where is MDB's stock price going from here? Get prepared with the key expectations. This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning our financial guidance for the fourth fiscal quarter and full year fiscal 2021; the anticipated impact of the COVID-19 pandemic on our business and future operating results; and the potential benefits of our product platform. Revenue grew 39.2% on a … in the case of non-GAAP net loss, non-cash interest expense related to our convertible senior notes and a non-recurring income tax benefit associated with the acquisition of Realm intangible assets in fiscal 2020. MongoDB, Inc. is headquartered in New York. Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The current consensus estimate is a loss of $0.43 per share on revenue of $145.46 million for the quarter ending January 31, 2021. Fluctuations in MongoDB's operating results may be particularly pronounced in the current economic environment due to the uncertainty caused by, and the unprecedented nature of, the ongoing COVID-19 pandemic, the severity, duration, and ultimate impact of which is difficult to predict at this time. Prior to January 31, 2020, ARR from Direct SalesCustomers of MongoDB Atlas was based on their contractual commitments, regardless of their actual consumption. Mongodb Inc Cl A (MDB) reported a 3rd Quarter October 2020 loss of $0.38 per share on revenue of $150.8 million. Copyright © 1998 - 2020 EarningsWhispers, - the professionals' earnings expectation. All rights reserved, http://www.prnewswire.com/news-releases/mongodb-inc-announces-third-quarter-fiscal-2021-financial-results-301188829.html, MongoDB Atlas became the first and only cloud database to enable customers to run an application simultaneously across multiple cloud providers. MongoDB Inc. analyst ratings, historical stock prices, earnings estimates & actuals. Get prepared with the key expectations. The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands): Principal repayments of finance lease liabilities. Detailed Estimate. Investor RelationsBrian DenyeauICR for MongoDB646-277-1251ir@mongodb.com, Media RelationsBen Wolfson/Tom McMahonMongoDBcommunications@mongodb.com, MONGODB, INC. CONSOLIDATED BALANCE SHEETS(in thousands, except share and per share data)(unaudited), Accounts receivable, net of allowance for doubtful accounts of $4,710 and $2,515 as of October 31, 2020 and January 31, 2020, respectively, Prepaid expenses and other current assets, Class A common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of October 31, 2020 and January 31, 2020; 60,255,524 shares issued and 60,156,153 shares outstanding as of October 31, 2020; 48,512,090 shares issued and outstanding as of January 31, 2020, Class B common stock, par value of $0.001 per share; no shares and 100,000,000 authorized as of October 31, 2020 and January 31, 2020, respectively; no shares issued and outstanding as of October 31, 2020; 8,969,824 shares issued and 8,870,453 shares outstanding as of January 31, 2020, Treasury stock, 99,371 shares (repurchased at an average of $13.27 per share) as of October 31, 2020 and January 31, 2020, Accumulated other comprehensive income (loss), Total liabilities and stockholders' equity, MONGODB, INC.  CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited), Provision for (benefit from) income taxes, Weighted-average shares used to compute net loss per share, basic and diluted. Reconciliation of GAAP operating expenses to non-GAAP operating expenses: Sales and marketing operating expense on a GAAP basis, Amortization of intangible assets associated with acquisitions, Non-GAAP sales and marketing operating expense, Research and development operating expense on a GAAP basis, Amortization of intangible assets and time-based founder payments associated with acquisitions, Non-GAAP research and development operating expense, General and administrative operating expense on a GAAP basis, Non-GAAP general and administrative operating expense. The impact of this change on prior reported periods is immaterial. Shares are up 41.4% since reporting last quarter. What do you expect when MDB reports earnings? A look at earnings from the view of macro-economists and market technicians Get the latest Detailed Estimate from Zacks Investment Research. A live webcast of the call will be available on the "Investor Relations" page of MongoDB's website at https://investors.mongodb.com. The consensus estimate was a loss of $0.39 per share on revenue of $126.3 million. NEW YORK, Dec. 8, 2020 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading, modern general purpose database platform, today announced its financial results for the third quarter ended October 31, 2020. The situation regarding COVID-19 remains uncertain and could change rapidly, and MongoDB will continue to evaluate its potential impact on its business. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures. The consensus estimate was a loss of $0.44 per share on revenue of $138.5 million. The most accurate published earnings expectation These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2020 filed with the SEC on September 3, 2020. Revenue grew 37.8% on a year-over-year basis.The company said it expects a fourth quarter non-GAAP loss of $0.42 to $0.39 per share on revenue of $155.0 million to $157.0 million. By using MongoDB, customers not only get an easy migration path to the cloud but also the ability to leverage the best capabilities of the major cloud providers and enable true platform independence. The guidance provided above is forward-looking in nature. With the recent announcement of multi-cloud clusters, MongoDB Atlas is the first cloud database to enable an application to run simultaneously across multiple cloud providers. MongoDB believes that free cash flow is a measure of liquidity that provides useful information to investors in understanding and evaluating the strength of its liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business in the same manner as MongoDB's management and board of directors. MongoDB will host a conference call today, December 8, 2020, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. Mongodb Inc Cl A (MDB) reports earnings on 3/9/2021. The most accurate published earnings expectation MongoDB (MDB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2020. MongoDB (MDB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2020. A replay of the webcast will also be available for a limited time at https://investors.mongodb.com. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss per share, free cash flow or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Dollar General Corporation (DG) reported third quarter earnings of $2.31 per share on revenue of $8.20 billion. Non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss and non-GAAP net loss per share exclude: MongoDB uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating MongoDB's ongoing operational performance. Earnings Whisper. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. See the cautionary note regarding "Forward-Looking Statements" below. Short-term equity trading around earnings based on professional buy and sell-side expectations combined with quantitative studies and technical analysis - on both a top-down and bottom-up basis. The reported ($0.31) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.44) by $0.13. MongoDB last released its earnings results on December 7th, 2020. Reconciliation of GAAP loss from operations to non-GAAP lossfrom operations: Amortization of intangible assets and time-based founderpayments associated with acquisitions. The Whisper number … MongoDB (MDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. amortization of intangible assets for the acquired technology and acquired customer relationships associated with the prior acquisitions of Realm, mLab and WiredTiger; amortization of time-based founder payments associated with the mLab purchase that was deemed to be compensation expense for GAAP purposes; acquisition costs associated with the purchase of Realm in fiscal 2020; and. The strength of our product platform and go-to-market execution has established MongoDB as a key strategic partner for any organization looking to innovate quickly to seize new opportunities or to respond to new threats," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. Includes stock–based compensation expense as follows: MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited). These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. MDB updated stock price target summary. Announces Third Quarter Fiscal 2021 Financial Results. MDB: MongoDB, Inc. This press release includes the following financial measures defined as non-GAAP financial measures by the SEC: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss per share and free cash flow. Reconciliation of GAAP gross profit to non-GAAP gross profit: Gross margin (Gross profit/Total revenue) on a GAAP basis, Stock-based compensation expense: Cost of Revenue—Subscription, Stock-based compensation expense: Cost of Revenue—Services, Non-GAAP gross margin (Non-GAAP gross profit/Total revenue). Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. MongoDB MDB is set to report first-quarter fiscal 2020 results on Jun 5. MongoDB (MDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2020 and other filings and reports that we may file from time to time with the SEC. Non-GAAP gross profit and non-GAAP gross margin exclude stock-based compensation expense. All rights reserved, MongoDB, Inc. Reconciliation of GAAP net loss to non-GAAP net loss: Amortization of intangible assets and Founder Holdback associated with acquisitions, Non-cash interest expense related to convertible senior notes, Non-recurring income tax benefit associated with the acquisition of Realm intangible assets. The company earned $150.77 million during the quarter, compared to analyst estimates of $138.65 million. ARR includes the revenue we expect to receive fromour customers over the following 12 months based on contractual commitments and, in the case of Direct Sales Customers of MongoDB Atlas, by annualizing the prior 90 days of their actual consumption of MongoDB Atlas, assuming no increases or reductions in their subscriptions or usage. MongoDB, Inc. (MDB) latest earnings report: revenue, EPS, surprise, history, news and analysis. SUPPLEMENTAL REVENUE INFORMATION. "MongoDB continued to perform at a high level in the third quarter, highlighted by revenue growth that was well ahead of our expectations. The exclusion of capital expenditures, principal repayments of finance lease liabilities and amounts capitalized for software development facilitates comparisons of MongoDB's liquidity on a period-to-period basis and excludes items that it does not consider to be indicative of its liquidity. Represents the number of customers with $100,000 or greater in annualized recurring revenue ("ARR") and annualized monthly recurring revenue ("MRR"). We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results. The replay conference ID is 10150178. Free cash flow represents net cash used in operating activities less capital expenditures, principal repayments of finance lease liabilities and capitalized software development costs, if any. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The Earnings Whisper ® number was $2.30 per share. Meanwhile, the so-called Whisper number is $0.17. Actual results may differ materially. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. We believe that our new consumption-based ARR calculation better reflects actualcustomer behavior. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. Headquartered in New York, MongoDB has more than 22,600 customers in over 100 countries. A replay of this conference call will be available for a limited time at 877-344-7529 (domestic) or 412-317-0088 (international). MongoDB (NASDAQ:MDB) is scheduled to announce Q1 earnings results on Wednesday, June 5th, after market close. ", Third Quarter Fiscal 2021 and Recent Business Highlights. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures, as presented below. … MongoDB (MDB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2020. ", Third Quarter Fiscal 2021 Financial Highlights, A reconciliation of each Non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release. Reconciliation of GAAP net loss per share, basic and diluted, tonon-GAAP net loss per share, basic and diluted: Net loss per share, basic and diluted, on a GAAP basis, Non-recurring income tax benefit associated with the acquisitionof Realm intangible assets, Non-GAAP net loss per share, basic and diluted. The consensus EPS Estimate is -$0.24 (+44.2% This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at https://investors.mongodb.com. Past performance is not indicative of future results. Change in operating assets and liabilities: Proceeds from maturities of marketable securities, Net cash provided by (used in) investing activities, Payments of issuance costs for convertible senior notes, Proceeds from exercise of stock options, including early exercised      stock options, Proceeds from the issuance of common stock under the Employee      Stock Purchase Plan, Repurchase of early exercised stock options, Proceeds from tenant improvement allowance on finance lease, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents, and restricted      cash, Net increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, beginning of period, Cash, cash equivalents, and restricted cash, end of period, MONGODB, INC. 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