This just in, enterprise cloud storage company Box has filed for an IPO.
Here are the five numbers you need to know:
- Revenue for the year ended January 31, 2014 was $124 million, which is up 111%.
- It had a net loss of $168 million over that period, compared to a loss of $112 million the year before.
- Sales and marketing expenses were $171 million. Note that this is higher than its revenue.
- Box has $109 million in cash on hand.
- Box wants to raise $250 million.
In the filing, it says, "we do not expect to be profitable for the foreseeable future."
Here's the S1, we're reading it over now...
