Monday.com: Q1 Earnings Snapshot
TEL AVIV-YAFO, Israel (AP) _ Monday.com Ltd. (MNDY) on Monday reported a loss of $66.7 million in its first quarter.
On a per-share basis, the Tel aviv-Yafo, Israel-based company said it had a loss of $1.48. Losses, adjusted for stock option expense, were 96 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.01 per share.
The project management software developer posted revenue of $108.5 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $101.4 million.
For the current quarter ending in July, Monday.com said it expects revenue in the range of $117 million to $119 million.
The company expects full-year revenue in the range of $488 million to $492 million.