HUCK 8-K

Huckleberry.ai, Inc. (HUCK)

8-K 2024-12-05 For: 2024-12-05

View Original

Added on April 09, 2026

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


☐			Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
☐			If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Exhibit No.						Description
99.1						Press Release of Domo, Inc. dated Dec 5, 2024
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)


Domo, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2023		2024		2023		2024
Revenue:
Subscription	$	71,293	$	71,113	$	213,594	$	214,144
Professional services and other	8,382		8,651		25,211		24,130
Total revenue	79,675		79,764		238,805		238,274
Cost of revenue:
Subscription (1)	11,523		13,334		33,588		39,410
Professional services and other (1)	7,253		6,627		22,847		21,389
Total cost of revenue	18,776		19,961		56,435		60,799
Gross profit	60,899		59,803		182,370		177,475

Operating expenses:
Sales and marketing (1), (3)	40,262		37,194		124,464		116,040
Research and development (1)	19,729		21,264		63,931		65,952
General and administrative (1), (2), (3)	12,130		12,429		35,509		42,504
Total operating expenses	72,121		70,887		223,904		224,496
Loss from operations	(11,222)		(11,084)		(41,534)		(47,021)

Other expense:
Loss on extinguishment of debt	—		(1,850)		—		(1,850)
Other expense, net (1), (4)	(4,930)		(5,622)		(14,549)		(14,805)
Total other expense	(4,930)		(7,472)		(14,549)		(16,655)
Loss before income taxes	(16,152)		(18,556)		(56,083)		(63,676)
Provision for income taxes	261		205		801		582
Net loss	$	(16,413)	$	(18,761)	$	(56,884)	$	(64,258)

Net loss per share (basic and diluted)	$	(0.45)	$	(0.48)	$	(1.59)	$	(1.68)
Weighted-average number of shares (basic and diluted)	36,310		38,832		35,812		38,243


(1) Includes stock-based compensation expenses, as follows:
Cost of revenue:
Subscription	$	670	$	784	$	1,958	$	2,389
Professional services and other	359		295		1,311		942
Sales and marketing	6,364		4,754		19,260		15,238
Research and development	4,621		4,038		14,214		12,529
General and administrative	4,174		3,080		10,642		12,075
Other expense, net	181		210		516		603
Total stock-based compensation expenses	$	16,369	$	13,161	$	47,901	$	43,776


(2) Includes amortization of certain intangible assets, as follows:
General and administrative	$	20	$	142	$	60	$	426




(3) Includes executive officer severance, as follows:
Sales and marketing	$	—	$	—	$	443	$	—
General and administrative	—		—		1,553		—
Total executive officer severance	$	—	$	—	$	1,996	$	—

(4) Includes remeasurement of warrant liability, as follows:
Other expense, net	$	—	$	455	$	—	$	33


Domo, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)

	January 31,		October 31,
	2024		2024
Assets
Current assets:
Cash, cash equivalents, and restricted cash	$	60,939	$	40,925

Accounts receivable, net	67,197		57,177
Contract acquisition costs	16,006		15,288
Prepaid expenses and other current assets	9,602		7,083
Total current assets	153,744		120,473

Property and equipment, net	27,003		27,937
Right-of-use assets	11,746		10,108
Contract acquisition costs, noncurrent	19,542		17,420
Intangible assets, net	2,740		2,267
Goodwill	9,478		9,478
Other assets	1,407		2,528
Total assets	$	225,660	$	190,211

Liabilities and stockholders' deficit
Current liabilities:
Accounts payable	$	4,313	$	8,403
Accrued expenses and other current liabilities	43,430		58,392
Lease liabilities	4,807		5,506
Current portion of deferred revenue	185,250		153,919
Total current liabilities	237,800		226,220

Lease liabilities, noncurrent	11,135		8,125
Deferred revenue, noncurrent	2,736		3,311
Other liabilities, noncurrent	14,001		8,151
Long-term debt	113,534		115,574
Total liabilities	379,206		361,381

Commitments and contingencies


Stockholders' deficit:
Common stock	37		39
Additional paid-in capital	1,252,200		1,298,596
Accumulated other comprehensive (loss) income	(180)		56
Accumulated deficit	(1,405,603)		(1,469,861)
Total stockholders' deficit	(153,546)		(171,170)
Total liabilities and stockholders' deficit	$	225,660	$	190,211


Domo, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2023		2024		2023		2024
Cash flows from operating activities
Net loss	$	(16,413)	$	(18,761)	$	(56,884)	$	(64,258)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,636		2,254		4,738		7,117
Non-cash lease expense	1,063		1,142		3,235		3,320
Amortization of contract acquisition costs	4,398		4,454		13,354		13,181
Stock-based compensation	16,369		13,161		47,901		43,776
Loss on extinguishment of debt	—		1,850		—		1,850
Remeasurement of warrant liability	—		456		—		33
Other, net	1,072		2,390		3,643		4,334
Changes in operating assets and liabilities:
Accounts receivable, net	(3,022)		(8,489)		23,750		10,020
Contract acquisition costs	(4,016)		(4,524)		(10,921)		(10,328)
Prepaid expenses and other assets	291		1,543		(173)		1,819
Accounts payable	998		(11,655)		(966)		(152)
Operating lease liabilities	(1,237)		(1,392)		(4,054)		(4,000)
Accrued and other liabilities	(608)		10,238		(3,361)		6,073
Deferred revenue	(4,856)		(6,368)		(23,124)		(30,756)
Net cash used in operating activities	(4,325)		(13,701)		(2,862)		(17,971)

Cash flows from investing activities
Purchases of property and equipment	(2,714)		(2,515)		(9,214)		(7,245)


Purchases of intangible assets	—		—		(26)		—

Net cash used in investing activities	(2,714)		(2,515)		(9,240)		(7,245)

Cash flows from financing activities

Payments of deferred offering costs for registration statement	—		(402)		—		(402)

Proceeds from shares issued in connection with employee stock purchase plan	1,374		789		3,406		1,910

Shares repurchased for tax withholdings on vesting of restricted stock	—		(296)		—		(504)
Debt proceeds, net of issuance costs	—		52,758		—		52,758
Repayment of debt and related fees	—		(53,177)		—		(53,177)

Proceeds from short-term payable financing	—		6,190		—		8,972
Payments on short-term payable financing	—		(4,536)		—		(4,536)
Proceeds from exercise of stock options	62		—		65		—


Net cash provided by financing activities	1,436		1,326		3,471		5,021
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(862)		111		(482)		181
Net decrease in cash, cash equivalents, and restricted cash	(6,465)		(14,779)		(9,113)		(20,014)
Cash, cash equivalents, and restricted cash at beginning of period	63,852		55,704		66,500		60,939
Cash, cash equivalents, and restricted cash at end of period	$	57,387	$	40,925	$	57,387	$	40,925


Domo, Inc.
Reconciliation of Non-GAAP Financial Measures
(in thousands, except per share data)
(unaudited)

	Three Months Ended						Nine Months Ended
	October 31,						October 31,
	2023			2024			2023			2024
Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis:
Revenue:
Subscription	$	71,293		$	71,113		$	213,594		$	214,144
Cost of revenue:
Subscription	11,523			13,334			33,588			39,410
Subscription gross profit on a GAAP basis	59,770			57,779			180,006			174,734
Subscription gross margin on a GAAP basis	84		%	81		%	84		%	82		%

Stock-based compensation	670			784			1,958			2,389
Subscription gross profit on a non-GAAP basis	$	60,440		$	58,563		$	181,964		$	177,123
Subscription gross margin on a non-GAAP basis	85		%	82		%	85		%	83		%

Reconciliation of Total Operating Expenses on a GAAP Basis to Total Operating Expenses on a Non-GAAP Basis:
Total operating expenses on a GAAP basis	$	72,121		$	70,887		$	223,904		$	224,496
Stock-based compensation	(15,159)			(11,872)			(44,116)			(39,842)
Amortization of certain intangible assets	(20)			(142)			(60)			(426)

Executive officer severance	—			—			(1,996)			—
Total operating expenses on a non-GAAP basis	$	56,942		$	58,873		$	177,732		$	184,228

Reconciliation of Operating Loss on a GAAP Basis to Operating Income (Loss) on a Non-GAAP Basis:
Operating loss on a GAAP basis	$	(11,222)		$	(11,084)		$	(41,534)		$	(47,021)
Stock-based compensation	16,188			12,951			47,385			43,173
Amortization of certain intangible assets	20			142			60			426

Executive officer severance	—			—			1,996			—
Operating income (loss) on a non-GAAP basis	$	4,986		$	2,009		$	7,907		$	(3,422)

Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis:
Operating margin on a GAAP basis	(14)		%	(14)		%	(17)		%	(20)		%
Stock-based compensation	20			17			19			19


Executive officer severance	—			—			1			—
Operating margin on a non-GAAP basis	6		%	3		%	3		%	(1)		%

Reconciliation of Net Loss on a GAAP Basis to Net Loss on a Non-GAAP Basis:
Net loss on a GAAP basis	$	(16,413)		$	(18,761)		$	(56,884)		$	(64,258)
Stock-based compensation	16,369			13,161			47,901			43,776
Amortization of certain intangible assets	20			142			60			426

Executive officer severance	—			—			1,996			—
Loss on extinguishment of debt	—			1,850			—			1,850
Remeasurement of warrant liability	—			455			—			33
Net loss on a non-GAAP basis	$	(24)		$	(3,153)		$	(6,927)		$	(18,173)