Monday.com Ltd gains on annual revenue forecast raise

monday.com

08/08/2022 16:00

** Shares of Israel-based software publisher Monday.com Ltd
 MNDY.O  up 12.6% at $144.13
    ** Company expects full year 2022 total revenue between $498
mln and $502 mln vs prior forecast of $488 mln to $492 mln
 urn:newsml:reuters.com:*:nBw6z6wvZa
    ** Updated annual revenue outlook is above est of $491.3 mln
- Refinitiv Eikon
    ** Company now forecasts FY non-GAAP operating loss of $112
mln-$108 mln vs previous expectation of $139 mln-$135 mln
    ** Expects Q3 revenue between $130 mln and $131 mln vs est
$125.7 mln
    ** MNDY also posts Q2 revenue beat and smaller-than-expected
loss
    ** Company's shares down ~53.5% YTD

 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((aatrayee.chatterjee@thomsonreuters.com))