"The company also confirmed an earlier Wall Street Journal report that it raised $150 million in new funding from TPG and Coatue Management. The funding will let Box put off its IPO for the time being, likely to come after Labor Day but by the end of this year, a person familiar with the matter said.Box’s Loss Widens In 1Q, But There’s a Promising Sign on Costs - Digits - WSJ
Without raising the private financing, Box could have run out of cash in or before 2015. The had a negative operating cash flow in the first quarter of $23.5 million, roughly in line with the $91.8 million in negative operating cash flow from last year. At the end of April, Box had $79.3 million in cash."
Tuesday, July 08, 2014
Box’s Loss Widens In 1Q, But There’s a Promising Sign on Costs - Digits - WSJ
At least nine lives; tbd how many remain
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