On the stock market since 2019, it operates in the world of technology. It has 1,247 employees. Now — the numbers.
The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.
Revenue is spread across several lines; no single product carries the company.
Average growth of 15% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. For now, time is on the company’s side.
The stock trades 21% below its peak. The market has trimmed its expectations for the company.
Over the last 3 years, sales grew about 14% a year on average.
Sales run at $299.4M a year. A small number, but proof the product has real buyers.
A loss of $64.4M against $299.4M in annual sales.
Since the drop from its peak, buyer appetite hasn’t come back.
On our five-subject report card, PING sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: PING is a high-risk stock — not yet profitable, and its future rides on its product catching on.