Company name:

Slack Technologies Inc

  • IPO SHARE PRICE:
    $38.00
  • IPO DATE:
    June 20, 2019
  • TICKER:
    WORK
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    500 Howard Street San Francisco California 94105
  • FISCAL YEAR END:
    January 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Slack Technologies Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Jan
2021
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue 220,544 400,552 630,422 902,610 902,610 1,002,392
Selected Year:
31-Jan
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
131.4%
51.0% —

Sales and marketing

42.3% —

Research and development

24.5% —

General and administrative

13.5% —

Cost of revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
26,364 51,301 97,191 121,692 121,692 140,700
Gross profit
194,180 349,251 533,231 780,918 780,918 861,692
Sales and marketing
140,188 233,191 402,780 460,709 460,709 487,688
Research and development
141,350 157,538 457,364 382,145 382,145 402,780
General and administrative
56,493 112,730 261,365 221,148 221,148 261,752
Total operating expenses
$338,031 $503,459 $1,121,509 $1,064,002 $1,064,002 $1,152,220
Selected Year:
31-Jan
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
31.4%
31.4% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income ($143,851) ($154,208) ($588,278) ($283,084) ($283,084) ($290,528)
Selected Year:
31-Jan
2021
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income 4,581 16,146 20,510 - - -
Total non-operating income (expense) 4,581 16,146 20,510 - - -
Selected Year:
31-Jan
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
31.4%
31.4% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT ($139,270) ($138,062) ($567,768) ($283,084) ($283,084) ($290,528)
Selected Year:
31-Jan
2021
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
1.0%
3.1% —

Interest income and other income (expense)

0.0% —

Income tax expense or benefit

4.2% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
- (434) (858) (38,105) (38,105) (47,876)
Interest income and other income (expense)
- 16,580 21,368 28,386 28,386 16,328
Income before income taxes
(139,270) (138,062) (567,768) (292,803) (292,803) (322,076)
Income tax expense or benefit
793 840 589 (315) (315) 3,144
Selected Year:
31-Jan
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
32.4%
32.4% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
($140,063) ($138,902) ($568,357) ($292,488) ($292,488) ($325,220)
Net income (loss) attributable to non-controlling interests Net income (loss) attributable to non-controlling interests
22 1,781 2,701 7,934 7,934 2,624
Net income (loss) attributable to Company
(140,085) (140,683) (571,058) (300,422) (300,422) (327,844)
Deemed dividends to preferred stockholders
40,883 - - - - -
Net income (loss) attributable to common stock
(180,968) (140,683) (571,058) - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A - - 362,046,257 502,550,914 502,550,914 502,550,914
Class B - - 194,761,524 79,095,890 79,095,890 79,095,890
Selected Year:
31-Jan
2021
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share ($1.47) ($1.16) ($1.43) ($0.53) ($0.53) ($0.56)
Net Income per diluted share ($1.47) ($1.16) ($1.43) ($0.53) ($0.53) ($0.56)