Monday.com: Q1 Earnings Snapshot

May 16, 2022 GMT

TEL AVIV-YAFO, Israel (AP) _ Monday.com Ltd. (MNDY) on Monday reported a loss of $66.7 million in its first quarter.

On a per-share basis, the Tel aviv-Yafo, Israel-based company said it had a loss of $1.48. Losses, adjusted for stock option expense, were 96 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.01 per share.

The project management software developer posted revenue of $108.5 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $101.4 million.

For the current quarter ending in July, Monday.com said it expects revenue in the range of $117 million to $119 million.

The company expects full-year revenue in the range of $488 million to $492 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNDY at https://www.zacks.com/ap/MNDY