The company’s form S-1 says Avalara lost $65.3 million for the year ended December 31, compared to a loss of $57.2 million for 2016. Revenue for the most recently ended year was $213.2 million, an increase of 27.3 percent from $167.2 million for the prior year.
CEO Scott McFarlane made the announcement at the company’s Crush conference underway this week in Washington D.C.
McFarlane received $2.3 million compensation for the 2017, compared to $2.1 million for 2016. That included $1.6 million in option awards last year and $1.5 million in the same category the prior year. CFO William Ingram was given $1.1 million in compensation in 2017 and $3.3 million the prior year. In 2016, his total was pushed up by option awards of $2.8 million. Chief revenue officer Pascal van Dooren was awarded $1.2 million in 2017 and $742,691 in 2016.