Enterprise storage company Fusion-io--whose largest customer is Facebook--filed today for an initial public offering, but the financials reveal an outfit that's still a work in progress.
For the six months that ended December 31, Fusion-io reported a net loss of $8.24 million on revenue of $58.3 million. For the same period a year earlier, Fusion-io reported a net loss of $13.2 million on revenue of $11.93 million. Those results show a lot of growth, but relative to other tech companies that are planning to go public--Skype and LinkedIn, for example--Fusion-io looks a little green. Still, … Read more