MariaDB plc filed its financial results for the second quarter of fiscal year 2024, which ended March 31, 2024.
“Annual Recurring Revenue (ARR) is up 11.9% year-over-year in the second quarter of fiscal year 2024 coupled with a 97% improvement in Adjusted EBITDA loss of $378 thousand versus the prior fiscal year second quarter loss of $12.6 million,” said Paul O’Brien, CEO at MariaDB plc. “In six months, we have demonstrated our ability to quickly turn our financial story around and are optimistic about the future performance of the business.” The Net Loss for the second quarter was $3.5 million, an improvement of $8.4 million as compared to a Net Loss of $11.9 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.
