- General
- June 22, 2019
- 5 minutes read
Medallia Files For IPO
Medallia co-founder Amy Pressman Photo by Harry Murphy/Web Summit via Sportsfile On the heels of Slack’s public debut, another company,…
 |
| Medallia co-founder Amy Pressman
Photo by Harry Murphy/Web Summit via Sportsfile
|
On the heels of Slack’s public debut, another company, Medallia — a customer experience management software provider valued at $2.4 billion earlier this year — has officially filed to go public one month after submitting a confidential filing to the SEC. The nearly two-decade old company has raised $325 million in total funding according to Crunchbase data.
Medallia’s SEC filing indicates $313.6 million in revenue for the year ending January 31 2019, but with $82.2 million in losses. Other key takes from its IPO filing include:
- More than 500 enterprise customers.
- $313.6 million in annual revenue, up from $261.2 million a year earlier.
- $82.2 million in annual loss, up from $70.4 million a year earlier.
- $93.6 million revenue in the first quarter of this year, compared to $70.7 million in the same period last year.
- $86.3 million annual R&D costs, nearly unchanged from $86.4 million last year.
- $313.6 million annual revenues: $246.8 million from subscriptions and $66.8 million from professional services.
- $115.9 million annual cost of revenue, compared to $95.8 million in the previous year.
- $132.9 million cash and cash equivalents, as of April 30 2019.
- $300.8 million total assets, as of April 30 2019.
- $138.7 million annual sales and marketing spend, compared to $110 million a year earlier.
- $53.7 million annual compensation for CEO Leslie Stretch, $4.86 million for CFO Roxanne Oulman and $1.47 million for CTO Michael Ottosson.
- 41% stake held by Sequoia Capital, 15.1% stakes — each — held by co-founders Borge Hald and Amy Pressman.
 |
| Sequoia Capital partner and Medallia board member Doug Leone
Photo by Steve Jennings/Getty Images for TechCrunch
|
Medallia’s expected IPO would add to a significant number of public offerings that have taken place this year. Companies like Lyft, Uber, Pinterest, CrowdStrike, Fastly, Slack, Zoom, Jumia, PagerDuty and more have gone public this year. Another company, Peloton, recently just — confidentially — filed for an IPO.
