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Slack Technologies, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed Jun 3, 2021. Its latest SEC filing is a 15-12B from Aug 2, 2021.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Provides workplace messaging and collaboration software for organizations, helping employees communicate in channels and connect other software tools.

How Did They Make Money?

Organizations pay for Slack subscriptions monthly or annually, based on their number of users; bills are generally sent in advance, and fees cover access throughout the subscription term. For some customers, bills are adjusted monthly or quarterly based on usage.

revenue

Who Were Their Customers?

Organizations across industries, including businesses and government institutions, often begin with free self-service access and can upgrade online; larger organizations may also be reached through direct sales.

Did Revenues Turn Into Profits?

No. It lost $300.4M in .

Operating income,
−31% of revenue
▼ −52% (Loss) vs (−$588.3M, −93%)
Net income,
−33% of revenue
▼ −47% (Loss) vs (−$571.1M, −91%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q1 FY2022, the three months to Apr 30, 2021
Revenue
▲ +36%
vs $201.7M in Q1 FY2021
Net income
▼ −63% (Loss)
vs −$75.2M in Q1 FY2021
  • Jul 21, 2021 Salesforce completed its acquisition of Slack Slack became a wholly owned subsidiary of Salesforce.

Grew. Revenue grew 4.1x in 3 years, from $220.5M in to $902.6M in , about 60% a year.

Who Did They Compete With?

Competes with Microsoft, Google, Cisco, and Facebook

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