MongoDB Inc (MDB) released its first quarter results on Friday, June 4, 2021. The company reported net earnings of $-1.04 per share for the first quarter ending April 30, 2021. Earnings for this past quarter declined 11 percent compared to the same period a year ago.
MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York. MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
MongoDB's revenue increased 39 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 72.74% for the first quarter compared to the same period in the previous year, and operating margins decreased to 33.83% over the same period. Net earnings for past trailing twelve months were $-276.97 million, down 41% from the prior year.
Moving on to the balance sheet, MongoDB's cash levels dropped 42% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 27.92% this past year. The current ratio for MongoDB now stands at 3.21. The company increased shares outstanding by 7.07%.
Shares of MDB are currently trading around $315.27.