- General
- May 31, 2019
- 3 minutes read
Slack Records $135 Million Q1 Revenue
Slack chief product officer, Tamir Yehoshua image: Slack Slack — on its way to an IPO — has made changes to…
 |
| Slack chief product officer, Tamir Yehoshua
image: Slack
|
Slack — on its way to an IPO — has made changes to its S-1 filing with the U.S. Securities and Exchange Commission, indicating its financial results for the first quarter of this year. The company’s filing shows $134.8 million in Q1 2019 revenues, up 67% from the same period last year, but with losses of $31.8 million for this year’s first quarter.
In comparison, Slack recorded $80.9 million in Q1 last year amid $24.8 million in losses. For the fiscal year ending January 31, 2019, Slack recorded revenues of $400.6 million amid $138.9 million in losses. The updated Q1 results indicate quite impressive growth and lower losses when compared as a percentage of total revenue.
Slack is getting ready for a direct listing on The New York Stock Exchange, where it’ll trade under the ticker “WORK”, in respect to its popularity as a workplace collaboration tool.
