Oura has filed to go public on the Nasdaq stock exchange with an expected valuation exceeding $11 billion.
Oura has filed with the Securities and Exchange Commission to list on the Nasdaq stock exchange. The company, founded in Finland in 2013 and headquartered in San Francisco, produces smart rings that track biometrics such as heart rate, temperature, and sleep quality.
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Oura reported a revenue of $1.21 billion in the nine months ending June 30, a 74% increase from the previous year. The company reported a profit of $60.8 million during that same period. The filing shows a thriving business with a high-margin subscription model, which has reached a base of 5 million users and a 12-month retention rate of approximately 85%. The company has collected nearly 42 billion hours of physiological data across 50 metrics. This data is used to power AI and machine-learning models to decode complex physiological patterns. Oura also noted that its platform can support larger populations as it expands access and builds clinical evidence. thought```json, {
Sources
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Oura files to go public
TechCrunch
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Health-tracking smart ring maker Oura to list on US stock market
The Guardian