Cloud storage company Box annual revenue or up to 225 million dollars

Beijing time December 11 afternoon news, the United States cloud storage and cooperation company box in Wednesday updated the prospectus document, released a new set of financial data.

The company did not explicitly disclose IPO issuance and financing plans, but it lowered its share price from $17.85 per share to $13.06 in March. The company valued more than $2.4 billion trillion in private-equity funding through TPG and Coatue Management in July this year, at a current valuation of about $1.3 billion.

The documents submitted in Wednesday signaled that box was ready to start the IPO, but it is not yet possible to determine the time. The company still has 165 million dollars in cash in its bank account. They revealed earlier this year that it might not be available until 2015. "Our plan is still to go public when the box and the market are most meaningful," a spokesman for the company said. ”

Box has become one of the most watched IPO cloud computing software companies in recent years. The company's IPO ran aground earlier this year when a large number of cloud computing software listed companies ' valuations tumbled-the company just submitted its IPO document. The plan was postponed to this summer, but it now looks as if it will not be completed until early 2015.

In the 9 months ended October 31, box revenue grew by more than 80%, from $85 million a year ago to $154 million, the document showed. It also makes it expected to achieve about $225 million trillion in fiscal 2014. The document also shows that box's pay-for-business users grew from the previous 34,000 to 44,000.

In the third quarter ended October 31, Box achieved revenue of 57 million U.S. dollars, a year-on-year increase of 70%. The company's quarterly gross profit margin was 78%. Overall, Box lost 45.4 million dollars in the quarter.

One of the big concerns about the file that was submitted before box is the cost of sales and marketing, including the costs of providing users with free services-a company that wants to convert those users into paid users. box in the last submission of the document disclosed that its marketing costs accounted for about 105% of the total revenue. In other words, the company will cost 1.05 dollars in marketing for every 1 dollars it earns.

In the third quarter this year, the proportion fell below 97%, with marketing costs totaling 55.3 million dollars. It is also the first time the box has posted results, its marketing costs have been lower than the revenue.

Box currently has 32 million users, a total of 275,000 companies, of which 90% of the users are still free to use the company's services.

Meanwhile, Box's research and development costs rose 43% per cent year-on-year to $17.2 million trillion, while management costs rose 50% to nearly 17 million dollars. The total number of employees in the company grew from 1016 to 1131.