Domo (DOMO) said late Thursday its board of directors has initiated a review to seek strategic alternatives to maximize shareholder value.
The process includes exploring options such as a strategic investment, potential sale or a business combination. The company said there is no guarantee a decision will result from this review.
Additionally, Domo reiterated its fiscal 2026 outlook for an adjusted loss of between $0.07 and $0.11 per diluted share and revenue of $317.5 million to $318.5 million.
Analysts polled by FactSet currently estimate a non-GAAP loss of $0.09 a share and sales of $317.9 million.