What Will It Take For Peloton to Burn Less Cash and More Calories?
Fitness junkies, the time has come.
Peloton announced plans for an initial public offering on the Nasdaq under ticker symbol PTON.
The fitness equipment maker aims to raise $500 million in its IPO.
Also included in the pre-IPO filing was a little insight into Peloton's finances.
Peloton is making money with revenue of $915 million for fiscal 2019.
But the problem is that it's burning as much cash as it is calories.
Peloton reported a loss of $245.7 million in 2019, compared to $47.9 million in fiscal 2018.
Is the upcoming IPO the right fit for your portfolio?
Action Alerts PLUS senior analyst Jeff Marks breaks down what it would take to get him to invest in Peloton.
Catch his full take in the video above.
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