Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
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Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#2[deleted]
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#3I'm not sure how anyone can look at a growing history of losses due to increasing customer acquisition costs, in an industry with numerous competitors, and want to invest in this.
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#4Read this as throwing in the towel with Google announcing cheaper storage plans last week with renewed emphasis on the enterprise mkt?
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#5$250M feels tiny for a tech IPO (and for an IPO in general).
Does anyone have any data around this?
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#6I'm not sure how anyone can look at a growing history of losses due to increasing customer acquisition costs, in an industry with numerous competitors, and want to invest in this.
Why do you think the article mentioned Twitter ?
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#7Odd, some numbers are "whited out":
"Based on shares of our capital stock outstanding as of January 31, 2014, upon the completion of this offering, a total of shares of Class A common stock and"
Can't figure out the valuation.
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#8$250M feels tiny for a tech IPO (and for an IPO in general). Does anyone have any data around this?
They are looking to issue $250M worth of stock. That's not their valuation.
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#9The IPO is seeking to raise $250M. The S1 doesn't actually say how many shares they are planning to offer, so you can't say what the valuation would be. I'm guessing somewhere between 5-10 times the $250M.
Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M
#10So, $250M actually falls short of the $292M they are burning through every year. The net loss of $168M a year means the $250M buys them almost 18 months of runway.
Their growth looks less impressive when you consider they spent $292M to only grow revenue $65M.
In short, they are spending $5 to make $1. It's possible the customer LTV is actually $6 over a period of years, but they might not be able to borrow enough to make it back in time.
Am I the only one that thinks that a company turning a profit is not like flipping a light switch? If you have a culture of overspending, you aren't going to wake up money and start running a tight ship.