TechBloomberg1h ago
Oura files for a US IPO, reporting a $924.3M net loss on $1.21B
Oura files for a US IPO, reporting a $924.3M net loss on $1.21B in revenue for the nine months ended June 30, vs. a $182.8M net loss on $697.6M a year earlier
TL;DRRing maker Oura is going public despite massive losses despite revenue growth.
Why it matters: Shows investor appetite for health wearables despite unprofitable business models and burn rates.
Health and fitness ring-maker Oura Inc. filed for an initial public offering, showing soaring revenue as well as increasing losses.
Read full articleSource: Bloomberg · Opens in new tab