Zillow Reports $11.2 Million Revenue, $826K Loss For Q1 and Chooses “Z” For Ticker Symbol
Real estate search engine company Zillow.com is planning to go public later this year and has filed an updated SEC filing to include their ticket selection. Zillow.com is planning to trade under the symbol “Z” on the Nasdaq stock exchange. The same filing contained financial information about the company.
Zillow.com is reporting a net loss of $826,000 during the quarter. This is down from $2.8 million during the same period last year. The company’s revenues doubled to $11.2 million. Zillow.com had finished the quarter with $15.5 million in cash and 271 employees. Zillow was founded by former Expedia execs Rich Barton and Lloyd Frink. The company plans to raise $51 million through an IPO in April.
[GeekWire]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry