The filing with the Securities and Exchange Commission on Thursday shows that Oura's revenue has jumped substantially in the past year. The company went from $697 million in revenue during the nine-month period that ended June 30 last year to $1.2 billion during the corresponding period this year. The company says it has sold 3.6 million rings over the past year, and that it currently has approximately 5 million paid members ' that is, users who subscribe to its service for broader health metrics. The filing also says that Oura has an approximately 85% weighted-average 12-month membership retention rate, meaning that roughly 85% of members who sign up in a given month are still subscribed a year later. The company's rings, which sell in the range of $350 to $400, are, at their most fundamental level, fitness trackers designed to measure a user's biometrics ' everything from metabolism and heart rate to stress levels and sleep patterns. Paired with an app, the ring and that software...
learn more
