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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: 2) by progo on Friday August 30 2019, @04:16PM (1 child)

    by progo (6356) on Friday August 30 2019, @04:16PM (#887802) Homepage

    Last night on the subway train car I was on, all the ads were for stupid mail order services like "customized shampoo". Earlier I saw ads on the train for a system where you RENT your furniture and swap it out monthly if you feel like it. (No word on how they handle poop stains.)

    Anyone else feel like all of the telephone sanitizers from Hitchhiker's Guide to the Galaxy found employment in USA at startups that are selling a manifestly BAD IDEA and burning millions of dollars with no profit potential?

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  • (Score: 1, Funny) by Anonymous Coward on Friday August 30 2019, @10:32PM

    by Anonymous Coward on Friday August 30 2019, @10:32PM (#887943)

    Why the hell are you shitting on your furniture? Stop that it we'll take away your H1B.