We love Danger for their T-Mobile exclusive Sidekick lineup, and even more for that glorious 3-inch Sharp AQUOS display in the Sidekick LX. Unfortunately, Danger’s earnings essentially depend upon T-Mobile. And, while they’ve seen revenue grow from $49.3 to $56.4 million in the past few years, Danger’s been bleeding cash to the tune of $11.7 million in 2007 – up from just $8 million in 2006.
Danger has filed with the SEC to offer an IPO that should net the company $100 in cash – enough to pay back $7.2 million in loans and spend the rest to make more money. The company intends to go live with their IPO “as soon as practicable” and will be trading under the “DNGR” ticker-symbol.
Good luck, Danger. We’re sure you’ll get all the cash you need to get your book into the sought-after “green” region.
[Via: MocoNews]