monday.com Ltd. Files 2024 Annual Report on Form 20-F

Ticker: MNDY · Form: 20-F · Filed: 2024-03-14T00:00:00.000Z

Sentiment: neutral

Topics: 20-F, Annual Report, Financials, monday.com, SEC Filing

TL;DR

<b>monday.com Ltd. filed its 2023 annual report on Form 20-F, detailing financial positions and operational data.</b>

AI Summary

monday.com Ltd. (MNDY) filed a Foreign Annual Report (20-F) with the SEC on March 14, 2024. Accumulated other comprehensive income (loss) includes $9,804 in unrealized gains on derivatives as of December 31, 2023. Underwriting discounts and issuance costs amounted to $44,995. The filing covers the fiscal year ending December 31, 2023. The company is incorporated in L3 and its fiscal year ends on December 31. The business address is 6 Yitzhak Sadeh Street, Tel Aviv-Yafo, L3, 677750.

Why It Matters

For investors and stakeholders tracking monday.com Ltd., this filing contains several important signals. This filing provides a comprehensive overview of monday.com's financial health and operational performance for the fiscal year 2023, crucial for investors assessing the company's stability and growth prospects. Key financial figures and risk factors disclosed in this 20-F report are essential for understanding the company's market position, potential challenges, and future outlook.

Risk Assessment

Risk Level: medium — monday.com Ltd. shows moderate risk based on this filing. The company's financial statements are integral to understanding its performance, and the filing includes details on accumulated other comprehensive income and underwriting costs, indicating potential financial complexities.

Analyst Insight

Investors should review the detailed financial statements and risk factors in this 20-F filing to assess monday.com's performance and future prospects.

Key Numbers

Key Players & Entities

FAQ

When did monday.com Ltd. file this 20-F?

monday.com Ltd. filed this Foreign Annual Report (20-F) with the SEC on March 14, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by monday.com Ltd. (MNDY).

Where can I read the original 20-F filing from monday.com Ltd.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by monday.com Ltd..

What are the key takeaways from monday.com Ltd.'s 20-F?

monday.com Ltd. filed this 20-F on March 14, 2024. Key takeaways: Accumulated other comprehensive income (loss) includes $9,804 in unrealized gains on derivatives as of December 31, 2023.. Underwriting discounts and issuance costs amounted to $44,995.. The filing covers the fiscal year ending December 31, 2023..

Is monday.com Ltd. a risky investment based on this filing?

Based on this 20-F, monday.com Ltd. presents a moderate-risk profile. The company's financial statements are integral to understanding its performance, and the filing includes details on accumulated other comprehensive income and underwriting costs, indicating potential financial complexities.

What should investors do after reading monday.com Ltd.'s 20-F?

Investors should review the detailed financial statements and risk factors in this 20-F filing to assess monday.com's performance and future prospects. The overall sentiment from this filing is neutral.

Risk Factors

Filing Stats: 4,468 words · 18 min read · ~15 pages · Grade level 12.9 · Accepted 2024-03-14 07:06:52

Key Financial Figures

Filing Documents

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No FY2023 20-F Table of contents Cross Reference Table Form 20-F 10 Introduction 12 Special note regarding forward-looking statements 12 Part 1 - Who We Are 15 Our growth strategies 17 Our success by numbers 18 Industry trends 19 Our opportunity 20 Our platform 21 Our products 22 Key benefits to our customers 25 monday AI 26 The components of our platform 27 Our technology and in-house tools 30 Our customers 31 Research and development 31 CRO Team 32 Our competition 34 Intellectual property 35 Legal proceedings 35 monday.com ESG 35 Privacy and security 36 Our facilities 37 Our workforce 38 The monday.com Digital Lift Initiative 40 Emergency Response missions 42 Organizational structure 43 Part 2 - Directors and Senior Management 44 Executive officers 45 Directors 46 Part 3 - Major Shareholders and Related Party Transactions 48 Major shareholders 48 Related Party Transactions 50 Table of contents 8 FY2023 20-F Part 4 - Operating and Financial Review and Prospects 52 A. Operating Results 56 B. Liquidity and Capital Resources 64 C. Research and development, patents and licenses, etc. 66 D. Trend information 66 E. Critical Accounting Estimates 66 F. Recently Issued Accounting Pronouncements 68 G. Quantitative and Qualitative Disclosures About Market Risk 68 Part 5 - Consolidated Statements and Additional Financial Information 70 Consolidated Financial Statements 70

Controls and procedures 70

Controls and procedures 70 Principal accountant fees and services 71 Legal Proceedings 72 Dividend Policy 72 Significant Changes 72 Taxation 72 Part 6 - Risk Factors 85 Part 7 - Additional Information 146 About Us 146 Compensation 148 Board practices 152 Employees 162 Borrowing powers 162 Material Contracts 162 Exchange Controls 163 Documents on Display 163 Code of ethics 163 Purchases of equity securities by the issuer and affiliated purchasers 163 Corporate governance 163 Cybersecurity 164 Exhibits 167 Table of contents 9 FY2023 20-F Cross Reference Table Form 20-F 1 Identity of Directors, Senior Management and Advisers N/A 2 Offer Statistics and Expected Timetable N/A 3 Key Information 3.B. Capitalization and Indebtedness N/A 3.C. Reasons for the Offer and Use of Proceeds N/A 3.D. Risk Factors 85-145 4 Information on the Company 4.A. History and Development of the Company 146 4.B. Business Overview 15-42 4.C. Organizational Structure 43 4.D. Property, Plants and Equipment 37 4A Unresolved Staff Comments N/A 5 Operating and Financial Review and Prospects 5.A. Operating Results 56-64 5.B. Liquidity and Capital Resources 64-66 5.C. Research and Development, Patents and Licenses, etc. 66 5.D. Trend Information 66 5.E. Critical Accounting Estimates 66-68 6 Directors, Senior Management and Employees 6.A. Directors and Senior Management 44-47 6.B. Compensation 148-152 6.C. Board Practices 152-162 6.D. Employees 162 6.E. Share Ownership 48-50 146-147 6.F. Disclosure of a Registrant's Action to Recover Erroneously Awarded Compensation N/A 7 Major Shareholders and Related Party Transactions 7.A. Major Shareholders 48-50 7.B. Related Party Transactions 50-51 7.C. Interest of Experts and Counsel N/A 8 Financial Information 8.A. Consolidated Statements and Other Financial Information 171-212 8.B. Significant Changes 72 Cross Reference Table Form 20-F 10 FY2023 20-F 9 The Offer and Listing 9.A. Offer an

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