Be ready for the Reboot. Subscribe to new articles via email... »

Violin Memory posts 20M+ quarterly loss (again…and again…)

By Mark / May 27, 2016

Publicly traded memory maker Violin Memory (VMEM) has posted another quarterly loss in excess of $20M (this is the third or fourth in a row), begging TheRegister to wonder aloud “can they avoid a trainwreck?” Keep in mind, the market cap of the entire company is $36M, which means they are successively putting up quarterly losses worth roughly 2/3 the company’s market cap. This, after 7 funding rounds totalling $187M, their Series D valued them at $800M.

Is this indicative of what happens when you almost but not quite achieve unicorn status?

About the author

Mark

Click here to add a comment

Leave a comment:


Google Analytics Alternative