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posted by janrinok on Friday August 30 2019, @01:39PM   Printer-friendly
from the on-yer-bike! dept.

https://www.thetechie.xyz/2019/08/peloton-files-for-ipo.html

Shortly after confidentially filing for an IPO, Peloton has publicly filed for that, with an S-1 filing unveiled less than 24 hours ago. Peloton is seeking to raise $500 million on the Nasdaq stock exchange, intending to trade under the ticker "PTON". According to its S-1 filing, New York-based Peloton recorded $915 million in revenue in the fiscal year ended June 30, 2019. This is up more than 100% from $435 million in the previous year (2018), and $219 million in 2017.

However, Peloton isn't profitable, with $246 million in losses in the fiscal year ended June 2019. In 2018, the company recorded [a significantly lower] $48 million in losses, compared to a much higher $163 million loss in 2017. Sales of Peloton's connected fitness products account for a bulk of its revenue. In fiscal 2019, Peloton recorded $719 million in revenue from sales of fitness products, with $181 million coming from subscriptions and $15 million from "other" sources.


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  • (Score: 1, Insightful) by Anonymous Coward on Friday August 30 2019, @02:35PM (3 children)

    by Anonymous Coward on Friday August 30 2019, @02:35PM (#887756)

    Can somebody please explain to me how it is possible that a company that recorded nearly $450 million of losses in the past 3 years manages to stay afloat? I'd like to know that trick too, so that I can spend every month more than I earn...

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  • (Score: 0) by Anonymous Coward on Friday August 30 2019, @03:04PM

    by Anonymous Coward on Friday August 30 2019, @03:04PM (#887771)

    What bites my balls is that if this IPO pops enough, my index funds will have to buy this turkey.

  • (Score: 0) by Anonymous Coward on Friday August 30 2019, @04:36PM

    by Anonymous Coward on Friday August 30 2019, @04:36PM (#887813)

    Market share
    If a company is increasing market share , that in itself requires money, investors will happily trade market share for profits, they’ll even double down and invest more.

  • (Score: 2) by All Your Lawn Are Belong To Us on Friday August 30 2019, @04:48PM

    by All Your Lawn Are Belong To Us (6553) on Friday August 30 2019, @04:48PM (#887822) Journal

    Jake from State Farm replies: Uh, Investors?
    All you have to do is convince them that if they get in on this opportunity there's a very good chance at multiplying your money.

    --
    This sig for rent.