Current.TV Current.com has filed for a $100 million NASDAQ IPO today, according to PaidContent, with the stock ticker symbol "CRTM". We've covered the network a number of times here, and questioned a few of their strategies (as well as their founder). Not surprisingly, the valuation of the company is far less than the $2 Billion valuation given to it by one of its investors, Ronald W. Burkle, supermarket bag boy turned billionaire.
Whereas before we had to rely on estimates by research firm SNL Kagan for estimates on their revenues and profits, we now have a more clear view of their financials with the IPO filing. As it turns out, SNL Kagan revenue estimates were a bit short, showing an annual revenue of $63.7 million, a quite significant revenue increase from 2006 where revenues were only $37.8 million. What we didn't know about the company was that it certainly isn't profitable, with net losses increasing year over year (in 2006, they were $14.3 million, 2007 they were $17 million).