New Relic IPO Info
Company Name: New Relic
Stock Symbol: NEWR
Exchange: NYSE
Status: Priced
IPO Date: 12/12/2014
IPO Price:
23.00 (
51.48%)
Underwriters
Morgan Stanley and J.P. Morgan
Amount of Offering: N/A
Number of Shares Offered: 5 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
New Relic develops and sells a software service on a subscription basis to software developers and other IT professionals at small and medium businesses that tracks and identifies performance issues and bugs in software. As of September 30, 2014, the company had over 250,000 users.
Financial Data
For the fiscal years ended March 31, 2012, 2013, and 2014, revenue was $11.7 million, $29.7 million, and $63.2 million, respectively, representing year-over-year growth of 154% from the fiscal year ended March 31, 2012 to the fiscal year ended March 31, 2013, and 113% from the fiscal year ended March 31, 2013 to the fiscal year ended March 31, 2014. For the six months ended September 30, 2013 and 2014, revenue was $26.1 million and $48.0 million, respectively, representing year-over-year growth of 83%. The company had net losses of $7.5 million, $22.5 million, and $40.2 million for fiscal years ended March 31, 2012, 2013, and 2014, respectively, and $18.6 million and $19.4 million for the six months ended September 30, 2013 and 2014, respectively.
News Headlines
