Medallia Inc. (NASDAQ: MDLA ) stock declined by 2.34% at last close whereas the MDLA stock gains by 4.51% in the after-hours session after Medallia announced its financial results for first-quarter fiscal 2022. Medallia is a market creative genius in the areas of customer, employee, citizen, and patient experience. Medallia Experience Cloud, which is MDLA’s award-winning SaaS platform, has become the experience system of record, making all other apps customer and employee aware
Financial Highlights
On June 1, 2021, MDLA announced its first-quarter fiscal 2022 financial results. Given below is the summary:
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- The net revenue for the quarter was $131.4 million, up 17% over the same time the previous year. Subscription income totaled $106.1 million, up 19% from the same time the previous year.
- The loss from operations for the quarter was $50.1 million, relative to $32.8 million in the same quarter the previous year. For the first quarter, the non-GAAP loss from operations was $(10.5) million, compared to $3.5 million in the same time the previous year.
- The quarter ended with a net loss of $52.4 million, or $0.34 per basic and diluted share, relative to a net loss of $32.5 million, or $0.24 per basic and diluted share, for the first quarter fiscal 2021., Non-GAAP net loss was $(12.1) million, or $(0.08) per share, basic and diluted, whereas the non-GAAP net income was $3.1 million, or $0.02 per share, diluted for the first quarter fiscal 2021.
- As of April 30, 2021, cash, cash equivalents, and marketable securities totaled $540.5 million.
Leslie Stretch, President and CEO of Medallia stated:
He is delighted with their success in the first quarter. MBLA experienced the most quarterly go-lives ever, in addition to the record subscription income, as they recruited more new corporate and mid-market clients. MBLA has more sales capacity and goods than they have ever had before, as well as more industry experts confirming their leadership in innovation. MDLA has more established and successful collaborations, as well as strong geographic and vertical end-markets. They’re focused on execution for the rest of the year, and they see an opportunity to accelerate their subscriber growth, following record attendance at our Experience 21 conference.