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Otonomo Technologies reports Q3 results

Nov. 16, 2022 8:03 AM ETOtonomo Technologies Ltd. (OTMO) Stock, OTMOW StockBy: Meghavi Singh, SA News Editor
  • Otonomo Technologies press release (NASDAQ:OTMO): Q3 Revenue of $2M (+900.0% Y/Y).
  • Non-GAAP operating loss for the third quarter 2022 was $13.4 million compared to a non-GAAP operating loss of $9.1 million for the third quarter 2021.
  • Bookings for the third quarter grew by 4% quarter over quarter to $2.2M of which 90% is recurring revenues.
  • Backlog as of September 30, 2022 was $4.8M.
  • Annual Recurring Revenue was $6.7M, an increase of 11% quarter over quarter.

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