Revenue for the sales and use tax company's most recently ended year was $213.2 million, an increase of 27.3 percent from $167.2 million for the prior year. The S-1 form also reports annual compensation for named executives. CEO Scott McFarlane received $2.3 million compensation for the 2017, compared to $2.1 million for 2016, including $1.6 million in option awards last year and $1.5 million in the same category the prior year. CFO William Ingram was awarded $1.1 million in 2017 and $3.3 million the prior year. In 2016, his total was pushed up by option awards of $2.8 million. Chief revenue officer Pascal van Dooren was awarded $1.2 million in 2017 and $742,691 in 2016. There is a long list of underwriters: Goldman Sachs, JP Morgan BoAMerill Lynch, JMP Securities KeyBanc Capital Markets and Stifel.
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AVALARA FILES FOR IPO Featured
Avalara has filed for its long-awaited public offering. The Seattle, Wash.-based company will seek a maximum in proceeds from the offering. The company’s S-1 says Avalara lost $64.1 million for the year ended December 31, compared to a loss of $57.9 million for 2016.
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