Monday.Com Registers 75% Revenue Growth In Q2; Boosts FY22 Outlook - Monday.Com (NASDAQ:MNDY)

Monday.Com Ltd MNDY reported second-quarter FY22 revenue growth of 75% year-on-year to $123.7 million, beating the consensus of $118.2 million.
The net dollar retention rate was over 125%. The net dollar retention rate for customers with over ten users was over 135%.
The number of paid customers with over $50,000 in annual recurring revenue was 1,160, up 147%Y/Y.
The non-GAAP operating margin loss was (12)% versus (14)% a year back.
Non-GAAP EPS loss of $(0.33) beat the consensus loss of $(0.75).
Monday.Com used $(14.1) million in operating cash flow and held $834.6 million in cash and equivalents.
Outlook: Monday.Com sees Q3 revenue of $130 million - $131 million, above the consensus of $125.7 million.
Monday.Com raised FY22 revenue guidance from $488 million - $492 million to $498 million - $502 million, above the consensus of $491.3 million.
Price Action: MNDY shares traded higher by 17.39% at $150.06 in the premarket on the last check Monday.