** Shares of cloud-based data provider Domo DOMO.O slide 14.1% to $2.80 in extended trading

** DOMO says it is not providing financial forecast at this time and it will not provide further updates regarding the strategic review process

** In February, Domo initiated a formal process to explore strategic alternatives; co is in advanced negotiations regarding a potential transaction

** "While substantial progress has been made, no definitive agreement has been executed and there can be no assurance that any transaction will result from these discussions" - Domo

** Reports Q1 rev of $79.4 mln vs. LSEG-compiled analysts' avg est of $79.8 mln

** As of last close, stock down ~61% this year