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Slack discloses updated financials ahead of June direct listing

May 31, 2019
WORK

Slack Technologies, which provides a workplace messaging application, reported financial results for the three months ended April 30, 2019, in an amendment filed with the SEC on Friday. The San Francisco, CA-based company plans to list on the NYSE under the symbol WORK on June 20, 2019.

Slack booked revenue of $135 million during the three months ended April 30, 2019, up 67% from the prior year period. Its operating loss widened to $38 million from $26 million.

Slack Technologies was founded in 2009 and booked $454 million in sales for the 12 months ended April 30, 2019. While the direct listing does not have underwriters, its financial advisors for the deal are Goldman Sachs, Morgan Stanley, Allen & Co., Credit Suisse, Barclays, Citi, RBC, KeyBanc, Canaccord Genuity, and William Blair.