Can MongoDB (MDB) make money from databases? | Daniel G. Jennings | September 2022

MongoDB (MDB) The Sales Developer Data Platform, the system that builds the database. therefore, MongoDB (NASDAQ: MDB) Profit from big data.

You can think of MongoDB as a value investment in your data because MongoDB builds the infrastructure on which the data runs. For example, MongoDB’s products provide a query interface for transactional, search, analytics, and mobile use. Therefore, developers can build all their database solutions in one system.

Certain MongoDB products include the Multi-Cloud Developer Platform. The multi-cloud developer data platform provides an integrated set of databases and data services. They claim that the platform allows developers to map data within application code.

Additionally, MongoDB provides an application programming interface (API) for easy access to the database and platform. The Unified Query API allows quick access to the database from servers and mobile devices. They claim that the Query API uses data as code to build applications faster.

Additionally, MongoDB provides an application programming interface (API) for easy access to the database and platform. The Unified Query API allows quick access to the database from servers and mobile devices. They claim that the Query API uses data as code to build applications faster.

The API can perform key data operations, including querying, indexing, and updating. MongoDB’s Query API saves time because there is no need to switch between interfaces. The Query API supports multiple index types, data analysis, full-text search of document models, change streams, geospatial and graph data, and on-demand materialized views.

The Query API simplifies the development process by speeding up data manipulation. The MongoDB query API includes drivers to programmatically generate queries and build aggregation pipelines, eliminating the need to learn a new query language.

The ultimate use of the Query API is to build modular, multi-stage aggregations to run powerful analytics on data. This can provide key insights for decision makers. Users can connect and integrate data to build and integrate data-centric applications with idiomatic drivers and secure access to HTTPs.

MongoDB’s uses include financial services, e-commerce (including Data Mesh and MACH), and artificial intelligence and machine learning fraud detection systems.

Other uses include telecommunications, healthcare, retail, gaming, industrial, analytics, Internet of Things (IOT), payments, mobile and serverless development.

MongoDB products include the MongoDB Atlas multi-cloud developer data platform. Atlas is an integrated set of cloud databases and data services for developing cloud solutions. Atlas allows users to consume data as code, scale workloads, build databases, create graphs, and run high-performance analytics in MongoDB’s data lake.

Atlas connects to databases through data federation. It connects the database to other applications through APIs, triggers and functions. One use for these triggers, functions, and APIs is to build applications that connect to data. Atlas can also sync databases with devices.

MongoDB also provides an enterprise advanced database platform that can be used as an enterprise server, operations manager, and enterprise Kubernetes operator. The Community Edition database platform acts as a community server, cloud manager, and community Kubernetes operator.

Mr Market thinks MongoDB (MDB) provide some value. He purchased MDB stock on September 9, 2022 for $268.64. The stock fell from $489.75 on September 7, 2021.

However, I don’t think MongoDB offers much value as it reported quarterly revenue of $303.66 million on July 31, 2022. However, revenue is growing, with quarterly revenue up from $285.45 million on April 30, 2022 and $198.75 million on July 31, 2021.

MongoDB’s revenue is growing. Stockrow provided MongoDB with a high revenue growth rate of 52.79% for the quarter ended July 31, 2022. Revenue growth increased from 57.14% for the quarter ended April 30, 2022 and 43.73% for the quarter ended July 31, 2022.

However, MongoDB (MDB) Do not make money. MongoDB reported no operating income for the quarter ended July 31, 2022, an operating loss of -$75.94 million for the quarter ended April 30, 2022, and an operating loss of -$72.53 million for the quarter ended July 31, 2022.

Likewise, MongoDB reported cash flow from operations of -$42.31 million for the quarter ended July 31, 2022. Quarterly operating cash flow decreased from $13.77 million on April 30, 2022 to -$18.19 million on July 31, 2021.

MongoDB reported no quarter-end cash flow as of July 31, 2022, quarter-end cash flow of $456.79 million on April 30, 2022, and $753.94 million on July 31, 2021.

Additionally, MongoDB is borrowing money to fund its operations. It reported financing cash flow of $13.46 million for the quarter ended July 31, 2022. Quarterly financing cash flow increased from -$1.12 million on April 30, 2022, and decreased from $901.95 million on July 31, 2021.

Predictably, MongoDB’s total debt fell from $1.243 billion on July 31, 2021 to $1.239 billion on April 30, 2022 and $1.118 billion on July 31, 2022. As a result, MongoDB’s debt is reduced.

MongoDB (MDB) less cash. Cash and short-term investments increased from $1.815 billion on July 31, 2021 to $1.829 billion on April 30, 2022. Cash and short-term investments fell to $1.796 billion on July 31, 2022.

I think Mr. Market is overestimating MongoDB as its total assets at July 31, 2022 are only $2.452 billion. Total assets rose from $2.435 billion on April 30, 2022 and $2.281 billion on July 31, 2021. This does not justify the $268.364 that Mr. Market paid for MongoDB on September 9, 2022.

As such, MongoDB is in a typical tech position. To explain, MongoDB is a fast-growing company with little value, limited cash, and no revenue. Growth is the only thing MongoDB offers. Therefore, MongoDB is not a growth investment.

However, MongoDB serves a growing market. Statista estimates that global big data revenue will grow from $56 billion in 2020 to $70 billion in 2022. Statista predicts that global big data revenue could grow to $77 billion in 2023, $84 billion in 2024, $90 billion in 2025, $96 billion in 2026 and $103 billion in 2027.

I think MongoDB is a fast-moving company in a growing market. Notably, there is real demand for MongoDB’s product. MongoDB customers include Toyota, Bosch, Cisco Systems, Liberty Mutual, SEGA, Boxed, and Roma (Rome, Italy).

In summary, MongoDB (MDB) It’s an interesting growth stock. However, I think the high stock price makes MongoDB a bad stock.

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