In a good sign for Okta's IPO on Friday, the company priced its shares high with a $1.5 billion valuation
- Revenue of $160 million in fiscal 2017, up 86% from roughly $86 million in 2016.
- Gross profit (before sales, admin and R&D expenses) of about $104 million in 2017, up from about $50 million in 2016.
- Net loss of about $84 million in 2017, compared to $76 million in 2016.
- In the ramp up to the IPO, Okta cranked up its sales and marketing expense to about $119 million in 2017 from about $78 million in 2016.