Following a turbulent windup, Utah's Domo stock sails on IPO

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  • ArizonaUte SLC, UT
    Oct. 30, 2018 11:34 a.m.

    The issue with going public is that the public can then see under the covers. And the financial picture is not rosy for DOMO.

    It almost sounds like it was go public or sell the technology and take a huge loss.

    With the current burn rate, the public funds won't last long. And sales aren't increasing rapidly enough to close the gap.

    Sounds like more debt is in the future for DOMO. I've heard working there is fun. But if I worked there, I'd dust off my resume and get it out to other Silicon Slopes firms. Turbulent times are ahead.

    Starting a company and running a company at this level are two completely different things. Bill Gates and Steve Jobs are very rare individuals. Most can't do it.

  • ConservativeCommonTater West Valley City, UT
    June 30, 2018 10:00 a.m.

    "Headlines included, "Hype and plunder: This high-tech company may be setting a new low for self-indulgent IPOs" from a Los Angeles Times story, and "Here's the poster child for Silicon Valley excess" on a Bloomberg piece on the company's IPO plans."

    It sounds like the reputation of businesses in Utah County preceded the offering. They are losing money and "hope" to improve their ratios?

    "Hope" is only a good business plan in Utah, right after prayers don't work. Maybe they can turn this around, but I'm not betting my money on it.

  • bleedred13 Provo, UT
    June 29, 2018 7:47 p.m.

    At their current rate of cash burn, Domo will need additional funds in fewer than five quarters. Unless Domo turns around quickly - and there are no signs that these cash flow issues are being remedied - investors will quickly face dilution or the company will need to take on debt (undesirable when you're not profitable).

    June 29, 2018 6:27 p.m.

    Domo represents a lot of Utah jobs, I hope it works out in spite of my misgivings.