HUCK 8-K

Huckleberry.ai, Inc. (HUCK)

8-K 2021-08-26 For: 2021-08-26

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Added on April 09, 2026

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☐			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 August 26, 2021
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				Six Months Ended
	July 31,				July 31,
	2020		2021		2020		2021
Revenue:
Subscription	$	44,347	$	54,666	$	86,783	$	106,778
Professional services and other	6,784		8,159		12,909		16,109
Total revenue	51,131		62,825		99,692		122,887
Cost of revenue:
Subscription (1)	8,811		10,019		17,916		19,076
Professional services and other (1)	4,838		6,299		9,842		12,400
Total cost of revenue	13,649		16,318		27,758		31,476
Gross profit	37,482		46,507		71,934		91,411

Operating expenses:
Sales and marketing (1)	27,384		33,378		56,480		66,832
Research and development (1)	15,917		19,341		33,370		35,527
General and administrative (1), (2)	9,557		12,384		19,426		22,602
Total operating expenses	52,858		65,103		109,276		124,961
Loss from operations	(15,376)		(18,596)		(37,342)		(33,550)

Other expense, net (1)	(2,417)		(3,505)		(5,141)		(6,767)
Loss before provision for income taxes	(17,793)		(22,101)		(42,483)		(40,317)
Provision for income taxes	110		139		315		27
Net loss	$	(17,903)	$	(22,240)	$	(42,798)	$	(40,344)

Net loss per share (basic and diluted)	$	(0.62)	$	(0.70)	$	(1.49)	$	(1.28)
Weighted-average number of shares (basic and diluted)	29,001		31,883		28,728		31,451


(1) Includes stock-based compensation expenses, as follows:
Cost of revenue:
Subscription	$	147	$	549	$	373	$	968
Professional services and other	118		271		221		605
Sales and marketing	2,543		4,747		4,369		8,474
Research and development	2,002		2,751		3,879		5,240
General and administrative	2,323		4,137		4,720		7,053
Other expense, net	48		171		95		348
Total stock-based compensation expenses	$	7,181	$	12,626	$	13,657	$	22,688

(2) Includes amortization of certain intangible assets, as follows:
General and administrative	$	20	$	20	$	40	$	40


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

	January 31,		July 31,
	2021		2021
Assets
Current assets:
Cash and cash equivalents	$	90,794	$	86,373

Accounts receivable, net	48,272		31,149
Contract acquisition costs	13,894		13,733
Prepaid expenses and other current assets	12,216		8,035
Total current assets	165,176		139,290

Property and equipment, net	14,745		16,569
Right-of-use assets	3,663		18,935
Contract acquisition costs, noncurrent	18,605		18,207
Intangible assets, net	3,356		3,049
Goodwill	9,478		9,478
Other assets	1,415		1,268
Total assets	$	216,438	$	206,796

Liabilities and stockholders' deficit
Current liabilities:
Accounts payable	$	1,085	$	7,379
Accrued expenses and other current liabilities	51,950		40,169
Lease liabilities	3,808		3,858
Current portion of deferred revenue	129,079		126,381
Total current liabilities	185,922		177,787

Lease liabilities, noncurrent	1,556		17,383
Deferred revenue, noncurrent	3,173		1,233
Other liabilities, noncurrent	9,637		10,189
Long-term debt	99,609		101,742
Total liabilities	299,897		308,334

Commitments and contingencies


Stockholders' deficit:
Common stock	30		32
Additional paid-in capital	1,038,006		1,060,419
Accumulated other comprehensive income	877		727
Accumulated deficit	(1,122,372)		(1,162,716)
Total stockholders' deficit	(83,459)		(101,538)
Total liabilities and stockholders' deficit	$	216,438	$	206,796


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

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2020		2021		2020		2021
Cash flows from operating activities
Net loss	$	(17,903)	$	(22,240)	$	(42,798)	$	(40,344)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	1,071		1,228		2,364		2,256
Non-cash lease expense	1,002		1,373		1,953		2,316
Amortization of contract acquisition costs	3,512		3,932		6,920		7,835
Stock-based compensation	7,181		12,626		13,657		22,688
Other, net	943		921		1,822		1,786
Changes in operating assets and liabilities:
Accounts receivable, net	(5,289)		1,852		13,034		17,123
Contract acquisition costs	(3,966)		(3,753)		(5,892)		(7,365)
Prepaid expenses and other assets	3,352		1,774		3,565		4,285
Accounts payable	(639)		2,930		(594)		6,313
Operating lease liabilities	(663)		(631)		(1,568)		(1,711)
Accrued and other liabilities	10,098		4,976		(4,653)		(11,103)
Deferred revenue	(3,490)		(2,819)		(5,514)		(4,638)
Net cash (used in) provided by operating activities	(4,791)		2,169		(17,704)		(559)

Cash flows from investing activities
Purchases of property and equipment	(1,791)		(1,640)		(3,154)		(3,418)
Purchases of securities available for sale	—		—		(11,149)		—
Proceeds from maturities of securities available for sale	7,700		—		24,300		—
Purchases of intangible assets	(1)		—		(105)		—

Net cash provided by (used in) investing activities	5,908		(1,640)		9,892		(3,418)

Cash flows from financing activities



Proceeds from shares issued in connection with employee stock purchase plan	(10)		—		3,649		4,133
Shares repurchased for tax withholdings on vesting of restricted stock	(485)		(1,334)		(523)		(7,578)

Proceeds from exercise of stock options	2,048		2,509		2,059		3,163


Net cash provided by (used in) financing activities	1,553		1,175		5,185		(282)
Effect of exchange rate changes on cash and cash equivalents	242		(157)		239		(162)
Net increase (decrease) in cash and cash equivalents	2,912		1,547		(2,388)		(4,421)
Cash and cash equivalents at beginning of period	75,543		84,826		80,843		90,794
Cash and cash equivalents at end of period	$	78,455	$	86,373	$	78,455	$	86,373


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

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2020			2021			2020			2021
Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis:
Revenue:
Subscription	$	44,347		$	54,666		$	86,783		$	106,778
Cost of revenue:
Subscription	8,811			10,019			17,916			19,076
Subscription gross profit on a GAAP basis	35,536			44,647			68,867			87,702
Subscription gross margin on a GAAP basis	80		%	82		%	79		%	82		%

Stock-based compensation	147			549			373			968
Subscription gross profit on a non-GAAP basis	$	35,683		$	45,196		$	69,240		$	88,670
Subscription gross margin on a non-GAAP basis	80		%	83		%	80		%	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	$	52,858		$	65,103		$	109,276		$	124,961
Stock-based compensation	(6,868)			(11,635)			(12,968)			(20,767)
Amortization of certain intangible assets	(20)			(20)			(40)			(40)

Total operating expenses on a non-GAAP basis	$	45,970		$	53,448		$	96,268		$	104,154

Reconciliation of Operating Loss on a GAAP Basis to Operating Loss on a Non-GAAP Basis:
Operating loss on a GAAP basis	$	(15,376)		$	(18,596)		$	(37,342)		$	(33,550)
Stock-based compensation	7,133			12,455			13,562			22,340
Amortization of certain intangible assets	20			20			40			40

Operating loss on a non-GAAP basis	$	(8,223)		$	(6,121)		$	(23,740)		$	(11,170)

Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis:
Operating margin on a GAAP basis	(30)		%	(30)		%	(37)		%	(27)		%
Stock-based compensation	14			20			13			18


Operating margin on a non-GAAP basis	(16)		%	(10)		%	(24)		%	(9)		%

Reconciliation of Net Loss on a GAAP Basis to Net Loss on a Non-GAAP Basis:
Net loss on a GAAP basis	$	(17,903)		$	(22,240)		$	(42,798)		$	(40,344)
Stock-based compensation	7,181			12,626			13,657			22,688
Amortization of certain intangible assets	20			20			40			40

Net loss on a non-GAAP basis	$	(10,702)		$	(9,594)		$	(29,101)		$	(17,616)

Reconciliation of Net Loss per Share on a GAAP Basis to Net Loss per Share on a Non-GAAP Basis:
Net loss per share on a GAAP basis	$	(0.62)		$	(0.70)		$	(1.49)		$	(1.28)
Stock-based compensation	0.25			0.40			0.48			0.72


Net loss per share on a non-GAAP basis	$	(0.37)		$	(0.30)		$	(1.01)		$	(0.56)