Monday.com: Q2 Earnings Snapshot
TEL AVIV-YAFO, Israel (AP) _ Monday.com Ltd. (MNDY) on Monday reported a loss of $45.7 million in its second quarter.
The Tel aviv-Yafo, Israel-based company said it had a loss of $1.01 per share. Losses, adjusted for stock option expense, were 33 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 75 cents per share.
The project management software developer posted revenue of $123.7 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $118.2 million.
For the current quarter ending in October, Monday.com said it expects revenue in the range of $130 million to $131 million.
The company expects full-year revenue in the range of $498 million to $502 million.