MariaDB plc filed its financial results for the first quarter of fiscal year 2024, which ended December 31, 2023.
“Annual Recurring Revenue (ARR) is up 11% year-over-year in the first quarter of fiscal year 2024 coupled with a 77% improvement in Adjusted EBITDA loss of $2.7 million versus the prior fiscal year first quarter loss of $11.6 million,” said Paul O’Brien, CEO at MariaDB plc. “This is a result of the measures we have taken over the last few months to discontinue certain products and focus on our core MariaDB Enterprise Server product, as well as an overall company-wide effort to reduce spending.” The Net Loss for the first quarter was $8.8 million, an improvement of $3.9 million as compared to a Net Loss of $12.7 million in the prior period.
The financial results can be found in the Quarterly Report Form 10-Q, which is available on the Securities & Exchange Commission’s (SEC’s) website at https://www.sec.gov and on MariaDB’s Investor Relations website at https://investors.mariadb.com under Financials.
