SaaS Company: Pluralsight Founded: 2004 IPO
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Posted On: 02/11/2020 12:38:55 PM
SaaS Company: Pluralsight
Founded: 2004
IPO'd: May 2018 (less than two years ago)
The company raised $310 million in its initial public offering at a valuation of $2B
Prior to that, they raised another ~$200M over a series of years
So raised more than 1/2 of billion big ones
Mkt cap now is $2.81B
Q3 2019 revenue was $82.6 million, an increase of 34% period over period
Market Cap is 9 times revenue
Net loss per share - GAAP net loss per share for Q3 2019 was $0.32, compared to $0.26 in Q3 2018.
Free cash flow was negative $6.6 million for Q3 2019, compared to negative free cash flow of $0.9 million in Q3 2018.
2019 revenue is expected to be in the range of $314 million to $316 million.
A few more facts you should know...
There are more than 1 million individual users on the Pluralsight platform across 150+ countries.
They are in a competitive area
They are losing more in 2019 than 2018
Plan is to lose even more in 2020
"More sales reps plus deeper investments in customer success and other go-to-market initiatives will increase our losses in 2020 as compared to 2019."
There is a class action ambulance chasing lawsuit started around August of last year.
The above example is pretty typical of a lot of growing SaaS companies, but you may want to do your own DD or talk to a financial adviser.
Founded: 2004
IPO'd: May 2018 (less than two years ago)
The company raised $310 million in its initial public offering at a valuation of $2B
Prior to that, they raised another ~$200M over a series of years
So raised more than 1/2 of billion big ones
Mkt cap now is $2.81B
Q3 2019 revenue was $82.6 million, an increase of 34% period over period
Market Cap is 9 times revenue
Net loss per share - GAAP net loss per share for Q3 2019 was $0.32, compared to $0.26 in Q3 2018.
Free cash flow was negative $6.6 million for Q3 2019, compared to negative free cash flow of $0.9 million in Q3 2018.
2019 revenue is expected to be in the range of $314 million to $316 million.
A few more facts you should know...
There are more than 1 million individual users on the Pluralsight platform across 150+ countries.
They are in a competitive area
They are losing more in 2019 than 2018
Plan is to lose even more in 2020
"More sales reps plus deeper investments in customer success and other go-to-market initiatives will increase our losses in 2020 as compared to 2019."
There is a class action ambulance chasing lawsuit started around August of last year.
The above example is pretty typical of a lot of growing SaaS companies, but you may want to do your own DD or talk to a financial adviser.
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