Have you looked at recently IPO'ed companies? Many dont turn a profit. Salesforce only started turning a profit last year I think.
I'll just name a couple of recently or semi recently IPOed companies of varying reputations that do not turn a profit. All are way above 8 figure market caps. Are you sure you didn't mean 9 figures or at least closing in on 9 figures.
Yes, I should have specified the more unique situation Atlassian is in. They say they were always profitable, but we have had around 6 earnings reports since their IPO. I don't think they have turned a profit once. They also don't seem like they will in the near future.
Do you think it should still be included with an asterisk or not included? I think an asterisk with an explanation would've been best.
Comments
Profitability. IPOs for money-losers went out in the first dot-com boom.
The scale of the business has to be reasonably large. Market cap in at least 8 figures.
Have you looked at recently IPO'ed companies? Many dont turn a profit. Salesforce only started turning a profit last year I think.
I'll just name a couple of recently or semi recently IPOed companies of varying reputations that do not turn a profit. All are way above 8 figure market caps. Are you sure you didn't mean 9 figures or at least closing in on 9 figures.
- New Relic
- Atlassian
- ServiceNow
- WorkDay
- Splunk
- Box
- Godaddy
Atlassian is an odd example here - they've been profitable for a decade: http://www.businessinsider.com/atlassian-files-for-ipo-2015-...
Yes, I should have specified the more unique situation Atlassian is in. They say they were always profitable, but we have had around 6 earnings reports since their IPO. I don't think they have turned a profit once. They also don't seem like they will in the near future.
Do you think it should still be included with an asterisk or not included? I think an asterisk with an explanation would've been best.
I had a list of companies in Simplenote. It seems like they all still fit. Another almost 20 tech companies without profits yet:
- Okta
- Wix
- Shopify
- Square
- Yext
- RingCentral
- Zillow
- LogMeIn
- Netsuite
- Trivago (though now majority owned by Expedia)
- Youku (Chinese tube site)
- Tableau
- FireEye
- Pablo Alto Networks
- Proofpoint
- Verint
- Imperva
Profitability? You must be kidding. I'm guessing you don't follow many IPOs. Most of these companies lose money every quarter with no end in sight.