Bassett Furniture Integrates Domo Throughout Its Operations, From Corporate Headquarters To Retail Stores And Its Distribution Team

7/10/24 4:07:54 PM ET

$BSET

$DOMO

Home Furnishings

Consumer Discretionary

Computer Software: Prepackaged Software

Technology

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Storied home furnishings company taps Domo's AI and data platform to uncover new trends and insights, modernize its operations and meet the changing needs of today's customers

Today, Domo (NASDAQ:DOMO) announced that Bassett Furniture Industries, Inc. (NASDAQ:BSET) integrates Domo throughout its operations – from corporate headquarters to retail stores and its distribution team – to power data-driven decisions. Bassett Furniture started working with Domo in 2020 and now uses real-time data to engage retailers, select the right merchandise for a specific region, reduce unnecessary inventory and maximize retail space.

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Recent Analyst Ratings for
$BSET
$DOMO

Company	Date	Price Target	Rating	Analyst
Domo Inc. $DOMO	5/24/2024	$8.00	Buy → Hold	Lake Street
Domo Inc. $DOMO	9/22/2023	$10.00	Neutral	DA Davidson
Bassett Furniture Industries Incorporated $BSET	9/7/2023		Outperform → Market Perform	Noble Capital Markets
Domo Inc. $DOMO	8/25/2023	$20.00 → $14.00	Outperform → Market Perform	TD Cowen
Domo Inc. $DOMO	1/20/2023	$24.00 → $16.00	Overweight → Equal-Weight	Morgan Stanley
Domo Inc. $DOMO	10/18/2022	$25.00	Buy	Lake Street
Domo Inc. $DOMO	3/2/2022	$98.00 → $90.00	Overweight	Morgan Stanley
Domo Inc. $DOMO	3/2/2022	$106.00 → $88.00	Market Outperform	JMP Securities

More analyst ratings

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GNW Consulting And Domo Partner To Power Marketing Operations Programs That Accelerate Business Results
Today Domo (NASDAQ:DOMO) announced that GNW Consulting, a strategic marketing operations agency that guides companies through implementation, integration and optimization of marketing technology, has partnered with the company to support mutual clients at all stages of their marketing journey, starting from strategy up through deployment. Having helped over 600 clients, GNW Consulting streamlines workflows, integrates systems and harnesses data insights so clients can be empowered to maximize impact and drive business growth.With the power of Domo's AI and data platform, GNW Consulting is optimizing and improving clients' marketing operations programs, enabling them to make quicker and bette
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Bassett Says Cybersecurity Incident Has Had And Is Reasonably Likely To Continue To Have Material Impact On Its Business Operations Until Recovery Efforts Are Completed
7/15/24 5:11:18 PM ET
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Bassett Furniture Industries Says On July 10, 2024, It Detected Unauthorized Occurrences On Portion Of Its IT Systems - Filing
Upon detecting the unauthorized occurrences, the Company immediately began taking steps to contain, assess and remediate the incident, including beginning an investigation, activating its incident response plan, and shutting down some systems. The threat actor disrupted the Company’s business operations by encrypting some data files. As a result of the Company’s containment measures, which included shutting down some systems, the Company has not been, and, as of the date of this report is not operating its manufacturing facilities. The Company’s retail stores and e-commerce platform are open, and customers are able to place orders and purchase available merchandise; however, the Company’s
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Press Releases

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Domo Announces Timing of its Third Quarter Fiscal 2025 Earnings Conference Call
Domo (NASDAQ:DOMO) today announced that results for its third quarter fiscal 2025 (ended October 31, 2024) will be released on Thursday, December 5, 2024, after the close of the market. The company will host a conference call at 3:00 p.m. (MT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live dial-in is available at (877) 484-6065 or (201) 689-8846. A live webcast of the event will also be available on the Domo Investor Relations website at www.domo.com/IR. A replay will be available at (877) 660-6853 or (201) 612-7415 with the access ID#13750075 following the completion of the conference call until 11:59 p.m. (ET) January 4, 2025. About Domo Do
11/21/24 9:00:00 AM ET
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Computer Software: Prepackaged Software
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Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan
BASSETT, Va., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) announced today certain work force reductions designed to both streamline operations and better match the Company's cost structure to the current rate of business. Through a combination of layoffs and retirements throughout the organization, this workforce reduction will result in approximately $2.5 million in annual savings. Including this action, Bassett has reduced its headcount by 11% over the past year. The Company expects to record an associated $500,000 severance charge in the current quarter. The Company further announced that it continues executing on its five-point restructuring plan
11/20/24 9:00:00 AM ET
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VisionWrights Teams Up with Domo to Boost Customer Success Through Data-Driven Strategies
Today Domo (NASDAQ:DOMO) announced it has expanded its partnership with VisionWrights, a leading provider of data-driven consulting and implementation services. VisionWrights helps a wide range of customers execute time and money-saving strategies and drive ROI from investments in data management technologies, including AI. VisionWrights partners closely with smart, forward-looking companies that are eager to unlock the full value of their data, but don't have the internal capacity to develop and implement effective strategies. The company helps these organizations leverage the power of Domo's data and AI platform, offering everything from technical assistance with dashboards to full inte
11/14/24 9:00:00 AM ET
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Financials

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Domo Announces Timing of its Third Quarter Fiscal 2025 Earnings Conference Call
Domo (NASDAQ:DOMO) today announced that results for its third quarter fiscal 2025 (ended October 31, 2024) will be released on Thursday, December 5, 2024, after the close of the market. The company will host a conference call at 3:00 p.m. (MT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live dial-in is available at (877) 484-6065 or (201) 689-8846. A live webcast of the event will also be available on the Domo Investor Relations website at www.domo.com/IR. A replay will be available at (877) 660-6853 or (201) 612-7415 with the access ID#13750075 following the completion of the conference call until 11:59 p.m. (ET) January 4, 2025. About Domo Do
11/21/24 9:00:00 AM ET
$DOMO
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Bassett Reports Fiscal Third Quarter Results, Updates Progress on Restructuring Plan and Announces Regular Quarterly Dividend
BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend. Q3 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 13%, impacted by a cyber incident that suspended all financial systems and manufacturing for 7 days.Operating
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Bassett Announces Third Quarter Conference Call
BASSETT, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) announced today it will host a conference call with management on Thursday, October 10, 2024, at 9:00 a.m. ET to discuss its third quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 9, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via http
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Domo Appoints RJ Tracy as New Vice President of Partners, Strategic Development and Channel
Tracy will lead and expand Domo's partner program focused on four growth and innovation initiatives Today Domo (NASDAQ:DOMO) announced the appointment of RJ Tracy as Vice President of Partners, Strategic Development and Channel. With an extensive background in the tech industry and a proven track record of spearheading successful strategic partnerships, Tracy will oversee significant updates to Domo's partner program, which comes during a time of continued growth and innovation for the company. "To have a truly successful partner program, I believe Domo needs someone who clearly understands this complicated space and is a trusted and proven internal stakeholder," said Josh James, founde
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Lendio Adds Heather Zynczak to its Board of Directors
LEHI, Utah, July 11, 2023 /PRNewswire/ -- Lendio, the nation's leading small business financial solutions platform, announces today the appointment of Heather Zynczak to its board of directors. Ms. Zynczak brings with her more than 25 years of product and marketing experience across enterprise technology and SaaS industries. "We're excited to have Heather on board as Lendio continues to grow our offerings to include broader fintech enterprise SaaS services and other solutions to fuel the dreams of small businesses," said Brock Blake, Lendio CEO and Co-Founder. "Heather is a growth-oriented tech executive, having spent a majority of her career in various leadership roles across marketing, pro
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Domo Announces CEO Transition: John Mellor Steps Down as CEO, Succeeded by Domo Founder Josh James
Company Announces Board Appointments and Additional Senior Leadership Appointments Domo, Inc. (NASDAQ:DOMO) today announced the following key senior leadership changes and Board appointments: John Mellor has stepped down as Chief Executive Officer and a Director of the company after nearly four years with Domo. He will be available to support the company during this transition period, as needed. Domo Founder Josh James has been named Chief Executive Officer and a Director of the company. David Jolley has been named Chief Financial Officer. Jeff Skousen has been named Chief Revenue Officer. Dan Strong and Renée Soto have been appointed to the Board of Directors. With these appoint
3/6/23 4:09:00 PM ET
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Bassett Furniture Integrates Domo Throughout Its Operations, From Corporate Headquarters To Retail Stores And Its Distribution Team

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Recent Analyst Ratings for $BSET$DOMO

$BSET$DOMO Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

New insider Crane Tod claimed ownership of 177,050 units of Class B Common Stock (SEC Form 3)

Chief Financial Officer Jolley David R covered exercise/tax liability with 6,174 units of Class B Common Stock, decreasing direct ownership by 2% to 285,291 units (SEC Form 4)

CTO & EVP of Product Thayne Daren covered exercise/tax liability with 9,879 units of Class B Common Stock, decreasing direct ownership by 2% to 396,784 units (SEC Form 4)

$BSET$DOMO Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Domo Inc.

SEC Form SC 13G filed by Domo Inc.

Amendment: SEC Form SC 13D/A filed by Bassett Furniture Industries Incorporated

$BSET$DOMO Market Insights

Live Market Insights

GNW Consulting And Domo Partner To Power Marketing Operations Programs That Accelerate Business Results

Bassett Says Cybersecurity Incident Has Had And Is Reasonably Likely To Continue To Have Material Impact On Its Business Operations Until Recovery Efforts Are Completed

Bassett Furniture Industries Says On July 10, 2024, It Detected Unauthorized Occurrences On Portion Of Its IT Systems - Filing

$BSET$DOMO Press Releases

Fastest customizable press release news feed in the world

Domo Announces Timing of its Third Quarter Fiscal 2025 Earnings Conference Call

Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan

VisionWrights Teams Up with Domo to Boost Customer Success Through Data-Driven Strategies

$BSET$DOMO SEC Filings

Bassett Furniture Industries Incorporated filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Bassett Furniture Industries Incorporated

Bassett Furniture Industries Incorporated filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

$BSET$DOMO Financials

Live finance-specific insights

Domo Announces Timing of its Third Quarter Fiscal 2025 Earnings Conference Call

Bassett Reports Fiscal Third Quarter Results, Updates Progress on Restructuring Plan and Announces Regular Quarterly Dividend

Bassett Announces Third Quarter Conference Call

$BSET$DOMO Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Jolley David R bought $69,875 worth of Class B Common Stock (10,000 units at $6.99), increasing direct ownership by 4% to 291,465 units (SEC Form 4)

Chairman & CEO Spilman Robert H Jr bought $21,656 worth of shares (1,700 units at $12.74), increasing direct ownership by 0.65% to 263,000 units (SEC Form 4)

Director Belk John R bought $48,857 worth of shares (3,847 units at $12.70), increasing direct ownership by 10% to 41,047 units (SEC Form 4)

$BSET$DOMO Analyst Ratings

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Domo downgraded by Lake Street with a new price target

DA Davidson initiated coverage on Domo with a new price target

Bassett Furniture downgraded by Noble Capital Markets

$BSET$DOMO Leadership Updates

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Domo Appoints RJ Tracy as New Vice President of Partners, Strategic Development and Channel

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Domo Announces CEO Transition: John Mellor Steps Down as CEO, Succeeded by Domo Founder Josh James

Recent Analyst Ratings for
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$BSET
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Large Ownership Changes

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SEC Filings

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Leadership Updates