Angie’s List incurred marketing expenses of $30.2 million and $48 million in 2010 and the nine months ended September 30, 2011, respectively. In 2010 and the nine months ended September 30, 2011, the company’s revenue was $59.0 million and $62.6 million, respectively. In the same periods, Angie’s net loss was $27.2 million and $43.2 million. Angie’s List has incurred net losses its start and had an accumulated deficit of $160.6 million as of September 30, 2011.
Apparently losing $43M so far this year (last year was $27M) is good enough to IPO.
What? $43M net loss. Holy crap that’s nutz.
-
sawickipedia reblogged this from caterpillarcowboy and added:
What? $43M net loss. Holy crap that’s nutz.
-
gbattle said:
i swear, everything is backwards these days. i’m assuming the only reason they are IPOing is because they can’t raise smart money given their track record.
-
section9 liked this
-
section9 reblogged this from caterpillarcowboy
-
caterpillarcowboy posted this
