monday.com (NASDAQ: MNDY), a work OS that enables organizations of all sizes to create the tools and processes they need to manage every aspect of their work, today released the financial results for the fourth quarter of 2021 ending December 31, 2021.
Financial highlights in the fourth quarter of fiscal year 2021:
Revenue was $ 95.5 million, up 91% from the same quarter last year.
GAAP’s operating loss was $ 31.6 million, compared to a loss of $ 61.7 million in the fourth quarter of 2020; The GAAP operating loss rate was 33% of revenue, compared to a loss rate of 123% in the same quarter last year.
The non-GAAP operating loss was $ 9.9 million, compared to a loss of $ 23.7 million in the fourth quarter of 2020; The non-GAAP operating loss rate was 10% of revenue compared to a loss rate of 47% in the fourth quarter of 2020.
Basic and diluted GAAP per share loss was $ 0.73 compared to basic and diluted GAAP net loss per share of $ 5.48 in the fourth quarter of 2020; The basic net and diluted non-GAAP share loss per share was $ 0.26 compared to the basic net and diluted non-GAAP share loss of $ 0.64 in the fourth quarter of 2020.
Net cash flow from operating activities was $ 13.5 million, with a positive adjusted free cash flow of $ 10.1 million, compared to net cash flow used for operating activities of $ 11.0 million and a negative adjusted free cash flow of $ 11.9 million in the fourth quarter of 2020.
Financial forecast:
For the first quarter of fiscal year 2022, Monday predicts:
Revenues total $ 100 to $ 102 million, representing an increase of 70% to 73% over the same quarter last year.
Operating loss Non-GAAP Of $ 47 million to $ 45 million.
For the whole of 2022 Monday predicts:
Revenues totaled $ 470 million to $ 475 million, representing an increase of 53% to 54% over the previous year.
Operating loss Non-GAAP Of $ 147 million to $ 142 million and an operating loss rate in the range of 31% to 30% of revenue.