Monday.com (NASDAQ:MNDY) has unveiled its financial outcomes for the first quarter ending March 31, 2024.

During this period, the company reported a robust revenue increase to $216.9 million, up 34% from the previous year.

Notably, its GAAP operating loss significantly improved to $5 million from a loss of $22.8 million in the same quarter last year.

Additionally, the company's GAAP operating margin for the quarter narrowed to negative 2% from negative 14%.

On the non-GAAP front, operating income reached $21.5 million, a turnaround from a slight loss of $0.3 million last year. 

Earnings per share also saw a positive shift.

While GAAP net income per share was $0.14, reversing from a net loss per share of $0.31, non-GAAP basic and diluted net income per share increased to $0.64 and $0.61, respectively.

Additionally, the company’s cash flow from operations was $92 million, with free cash flow at $89.9 million.