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Friday, April 26, 2019

Slack releases its financials for the first time as it prepares to go public

Slack released its S-1 Friday, making it the latest in a highly-anticipated class of tech companies to file to go public. Slack will pursue a direct listing on the New York Stock Exchange under the symbol "SK."

For the year ended Jan. 31, 2019, Slack reported $400.55 million in revenue. Slack reported a net loss of $138.9 million for the same period.

For the three months ended Jan. 31, 2019, the company reported daily active users over 10 million.

Slack follows several tech companies that have already debuted on the public market in 2019, including Lyft, PagerDuty, Pinterest and Zoom. Uber has also released its S-1 and is expected to go public in a few weeks.

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Watch: In-depth interview with Slack CEO Stewart Butterfield

Disclosure: Comcast Ventures, the venture arm of Comcast, is an investor in Slack. Comcast owns CNBC parent company NBCUniversal.

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