Canonical Saw ~$119M Revenue In 2019 But Still Operating At A Loss
Ubuntu maker Canonical Holdings Limited recently submitted their UK financial report for their fiscal year ending 31 December 2019. During the pre-COVID times they generated around 22% more revenue than 2018 but still operated at a loss albeit more narrowly than in prior years.
A few weeks back Canonical Group Limited submitted their FY2019 documents with the UK Companies House. They show their 2019 revenue at $119 million USD, up from $97 million the prior year. Their operating loss came in at just $2M, better than the $11M operating loss in 2018 and the losses they have been operating at some years.
Canonical's average headcount for 2019 was 473, up from 437 the prior year. While they added close to forty more employees, it's still down from their 500+ headcount prior to their restructuring when they abandoned their smartphone ambitions and more. This older article offers a look at the Canonical headcount and financial performance for the past number of years.Canonical Saw ~$119M Revenue In 2019 But Still Operating At A Loss
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