This results caught my eye another quarter straight. Monday is a company in an apparently very competitive landscape, but it continues to deliver as best in class.
Revenue was 136.9M, up 65% YoY
Customers with 50k+ in ARR grew 116%
NDRR was over 120%
NDRR for 50k+ customers was over 145%
Operating loss was 28M
Net loss of 23M
FCF was 15M, an 11% margin
Guidance:
Management is getting more efficient, improving profitability
Retention rate keeps strong, with big customers having the largest NDRR, which gets to show the stickiness and value of Monday's product.
Lastly, on the conference call, management said something really insightful regarding competition: