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MongoDB posted a strong Q3. For more detailed analysis visit our website https://www.overlookedalpha.com

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Transcript
00:00 MongoDB ripped 20% last week after the company reported a solid third quarter.
00:07 Revenues were up 47% year on year to $334 million and total customers increased 26%
00:14 to over 39,000.
00:16 MongoDB also provided strong guidance.
00:19 Full year revenue of $1.26 billion represents a 45% compounded growth rate since 2016 and
00:27 that's among the best in the market right now.
00:29 However, MongoDB is not yet a profitable company.
00:33 When you account for those operating expenses and a large amount of stock based compensation,
00:38 net income over the last 12 months is -$365 million.
00:44 Also the stock is expensive, accounting for cash and debt, the enterprise value works
00:50 out to about $12.6 billion.
00:52 That means MongoDB is valued at over 10 times revenue and almost 15 times gross profit.

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