2019-05-14 | CrowdStrike, a cybersecurity unicorn, files to go public – TechCrunch
'Crowdstrike, yet another multi-billion-dollar Silicon Valley ‘unicorn’ has filed to go public. '
'If you thought Uber’s disastrous initial public offering last week would deter fellow venture-backed technology companies from pursuing the public markets in 2019, you thought wrong. '
'Its total losses are increasing year-over-year from $91 million in 2017, $135 million in 2018 and $140 million in 2019. '
'In its S-1, CrowdStrike makes a case for its offering based on the rise of cloud computing and the growing threat of cybersecurity breaches. '
'Most recently, the company posted a gross profit of $163 million on total operating expenses of about $300 million. '
[–] TurquoiseLover ago
Sounds like a typical leftist outfit, stunning losses that get bigger year after year.