HUCK 8-K

Huckleberry.ai, Inc. (HUCK)

8-K 2020-12-03 For: 2020-12-03

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 December 3, 2020
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,
	2019		2020		2019		2020
Revenue:
Subscription	$	37,841	$	46,906	$	107,105	$	133,689
Professional services and other	6,925		6,739		20,119		19,648
Total revenue	44,766		53,645		127,224		153,337
Cost of revenue:
Subscription (1)	9,045		9,372		25,896		27,288
Professional services and other (1)	5,418		5,106		15,582		14,948
Total cost of revenue	14,463		14,478		41,478		42,236
Gross profit	30,303		39,167		85,746		111,101

Operating expenses:
Sales and marketing (1)	29,784		29,609		95,234		86,089
Research and development (1)	17,578		16,504		51,723		49,874
General and administrative (1), (2), (3)	9,590		11,929		26,882		31,355
Total operating expenses	56,952		58,042		173,839		167,318
Loss from operations	(26,649)		(18,875)		(88,093)		(56,217)

Other expense, net (1)	(2,368)		(3,215)		(7,175)		(8,356)
Loss before provision for income taxes	(29,017)		(22,090)		(95,268)		(64,573)
Provision for income taxes	84		131		529		446
Net loss	$	(29,101)	$	(22,221)	$	(95,797)	$	(65,019)

Net loss per share (basic and diluted)	$	(1.05)	$	(0.75)	$	(3.50)	$	(2.24)
Weighted-average number of shares (basic and diluted)	27,638		29,533		27,345		28,998


(1) Includes stock-based compensation expenses, as follows:
Cost of revenue:
Subscription	$	151	$	377	$	341	$	750
Professional services and other	123		273		276		494
Sales and marketing	2,135		3,301		8,184		7,670
Research and development	1,493		2,716		4,852		6,595
General and administrative	1,533		3,452		3,953		8,172
Other expense, net	47		172		142		267
Total stock-based compensation expenses	$	5,482	$	10,291	$	17,748	$	23,948

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

(3) Includes reversal of contingent tax-related accrual, as follows:
General and administrative	$	—	$	—	$	(1,293)	$	—


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

	January 31,		October 31,
	2020		2020
Assets
Current assets:
Cash and cash equivalents	$	80,843	$	83,813
Short-term investments	17,967		—
Accounts receivable, net	47,967		37,788
Contract acquisition costs	12,676		13,013
Prepaid expenses and other current assets	12,809		9,112
Total current assets	172,262		143,726

Property and equipment, net	12,816		14,259
Right-of-use assets	—		5,009
Contract acquisition costs, noncurrent	17,083		16,201
Intangible assets, net	3,865		3,515
Goodwill	9,478		9,478
Other assets	1,234		954
Total assets	$	216,738	$	193,142

Liabilities and stockholders' deficit
Current liabilities:
Accounts payable	$	2,298	$	4,756
Accrued expenses and other current liabilities	46,473		45,911
Lease liabilities	—		4,169
Current portion of deferred revenue	105,290		103,075
Total current liabilities	154,061		157,911

Lease liabilities, noncurrent	—		2,693
Deferred revenue, noncurrent	4,454		3,182
Other liabilities, noncurrent	6,329		9,324
Long-term debt	101,074		98,548
Total liabilities	265,918		271,658

Commitments and contingencies


Stockholders' deficit:
Common stock	28		30
Additional paid-in capital	988,141		1,023,662
Accumulated other comprehensive income	389		549
Accumulated deficit	(1,037,738)		(1,102,757)
Total stockholders' deficit	(49,180)		(78,516)
Total liabilities and stockholders' deficit	$	216,738	$	193,142


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

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2019		2020		2019		2020
Cash flows from operating activities
Net loss	$	(29,101)	$	(22,221)	$	(95,797)	$	(65,019)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,691		1,126		5,307		3,490
Non-cash lease expense	—		1,044		—		2,997
Amortization of contract acquisition costs	3,008		3,657		8,503		10,577
Stock-based compensation	5,482		10,291		17,748		23,948
Other, net	819		1,634		816		3,456
Changes in operating assets and liabilities:
Accounts receivable, net	(2,915)		(2,855)		14,370		10,179
Contract acquisition costs	(4,031)		(4,047)		(9,017)		(9,939)
Prepaid expenses and other assets	3,026		474		(362)		4,039
Accounts payable	862		2,991		304		2,397
Operating lease liabilities	—		(996)		—		(2,564)
Accrued and other liabilities	1,978		5,159		(3,876)		506
Deferred revenue	(338)		2,027		(2,937)		(3,487)
Net cash used in operating activities	(19,519)		(1,716)		(64,941)		(19,420)

Cash flows from investing activities
Purchases of property and equipment	(1,683)		(1,105)		(4,860)		(4,259)
Purchases of securities available for sale	(14,387)		—		(93,331)		(11,149)
Proceeds from maturities of securities available for sale	28,000		4,900		71,500		29,200
Purchases of intangible assets	—		(6)		—		(111)

Net cash provided by (used in) investing activities	11,930		3,789		(26,691)		13,681

Cash flows from financing activities



Proceeds from shares issued in connection with employee stock purchase plan	3,294		3,099		7,812		6,748
Shares repurchased for tax withholdings on vesting of restricted stock	(98)		(194)		(1,110)		(717)

Proceeds from exercise of stock options	70		446		1,501		2,505


Net cash provided by financing activities	3,266		3,351		8,203		8,536
Effect of exchange rate changes on cash and cash equivalents	(105)		(66)		(33)		173
Net (decrease) increase in cash and cash equivalents	(4,428)		5,358		(83,462)		2,970
Cash and cash equivalents at beginning of period	97,939		78,455		176,973		80,843
Cash and cash equivalents at end of period	$	93,511	$	83,813	$	93,511	$	83,813


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,
	2019			2020			2019			2020
Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis:
Revenue:
Subscription	$	37,841		$	46,906		$	107,105		$	133,689
Cost of revenue:
Subscription	9,045			9,372			25,896			27,288
Subscription gross profit on a GAAP basis	28,796			37,534			81,209			106,401
Subscription gross margin on a GAAP basis	76		%	80		%	76		%	80		%

Stock-based compensation	151			377			341			750
Subscription gross profit on a non-GAAP basis	$	28,947		$	37,911		$	81,550		$	107,151
Subscription gross margin on a non-GAAP basis	76		%	81		%	76		%	80		%

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	$	56,952		$	58,042		$	173,839		$	167,318
Stock-based compensation	(5,161)			(9,469)			(16,989)			(22,437)
Amortization of certain intangible assets	(20)			(20)			(60)			(60)
Reversal of contingent tax-related accrual	—			—			1,293			—
Total operating expenses on a non-GAAP basis	$	51,771		$	48,553		$	158,083		$	144,821

Reconciliation of Operating Loss on a GAAP Basis to Operating Loss on a Non-GAAP Basis:
Operating loss on a GAAP basis	$	(26,649)		$	(18,875)		$	(88,093)		$	(56,217)
Stock-based compensation	5,435			10,119			17,606			23,681
Amortization of certain intangible assets	20			20			60			60
Reversal of contingent tax-related accrual	—			—			(1,293)			—
Operating loss on a non-GAAP basis	$	(21,194)		$	(8,736)		$	(71,720)		$	(32,476)

Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis:
Operating margin on a GAAP basis	(60)		%	(35)		%	(69)		%	(37)		%
Stock-based compensation	13			19			14			16
Amortization of certain intangible assets	—			—			—			—
Reversal of contingent tax-related accrual	—			—			(1)			—
Operating margin on a non-GAAP basis	(47)		%	(16)		%	(56)		%	(21)		%

Reconciliation of Net Loss on a GAAP Basis to Net Loss on a Non-GAAP Basis:
Net loss on a GAAP basis	$	(29,101)		$	(22,221)		$	(95,797)		$	(65,019)
Stock-based compensation	5,482			10,291			17,748			23,948
Amortization of certain intangible assets	20			20			60			60
Reversal of contingent tax-related accrual	—			—			(1,293)			—
Net loss on a non-GAAP basis	$	(23,599)		$	(11,910)		$	(79,282)		$	(41,011)

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	$	(1.05)		$	(0.75)		$	(3.50)		$	(2.24)
Stock-based compensation	0.20			0.35			0.65			0.83
Amortization of certain intangible assets	—			—			—			—
Reversal of contingent tax-related accrual	—			—			(0.05)			—
Net loss per share on a non-GAAP basis	$	(0.85)		$	(0.40)		$	(2.90)		$	(1.41)