Sam Boughedda

Investing.com — Monday.com shares plunged over 25% on Wednesday, after monday.com reported that its cloud-based platform for work management and software had posted its results.

On revenue of $95.5million, the company reported earnings per share at -26c. According to analysts polled, Investing.comOn revenue of $87.8 millions, the anticipated earnings per share (EPS) was -51c. The revenue grew by 91% over the previous year.

Additionally, customers that have over 10 users had a net dollar retention ratio of 135%. The total number paid customers, however, was 152 048, an increase of 34% from the December 31, 2020 113,888. Payed customers earning more than $50,000 per year was 793 as compared to 264 on December 31, 2020.

We had another strong quarter at monday.com, and ended fiscal 2021 with a record-breaking year. Compared to last year, we delivered 91% revenue growth and 200% enterprise customer growth, while generating record free cash flow in Q4,” said monday.com founder and co-CEO, Roy Mann.

In Q1, the company expects to see total revenue between $100 million and $102 million. This represents year-over-year growth rates of 70% to 73%. The non-GAAP operating losses range from $47 million up to $45 millions. The company anticipates that total revenue will range between $470m and $475m for the entire year 2022. This represents a year-over year growth of 53%-54% and an operating loss of $147m to $142m. A negative operating margin is 31%-30%.

MNDY shares fell despite beating Q4 revenue and earnings. Investors may be concerned that the company’s growth is slowing. But, this large drop can still be considered excessive.