Bill.com reported a loss of $7.18 million for the year ended June 30, down from a loss of $7.3 million for fiscal 2018. Revenue for fiscal 2019 was slightly less than $86 million, an increase of 40.8 percent from $57 million the prior year. Founder and CEO Rene Lacerte, who owns 7.6 million shares, 6.2 percent of the total, received $5.4 million in compensation for fiscal 2019 with $4.8 million from option awards. CFO John Rettig had $2.7 million in pay and SVP of product Bora Chung $2.2 million for fiscal 2019. The two biggest shareholders are investment groups, DCM with 19.8 million shares, 16.3 percent of the total, and August Capital with 15.5 million shares, 12.7-percent stake. with five more investment groups the next largest owners.Last modified on Tuesday, 19 November 2019
BILL.COM MAKING IPO Featured
Payments software company Bill.com is ready to go public. The company this week filed a form S-1 for an initial public offering with the number of shares to be offered yet to be determined.