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Photo: Beyond Meat

Beyond Meat, one of a growing number of companies developing plant-based meat alternatives, has filed with the SEC to go public.

Why it matters: With growing environmental and health concerns, companies like Beyond Meat, along with Impossible Foods, Just Foods, and others, have garnered attention and customers in recent years.

By the numbers: Beyond Meat is still unprofitable. For the first nine months of 2018, the company had a net loss of $22.43 million on $56.42 million. For the same period in 2017, it had a $23.38 million loss on $21.13 million in revenue.

  • For all of 2017, it had a $30.38 million loss on $32.58 million in revenue.
  • To date, the company has raised more than $140 million in funding, most recently a $55 million round last year.
  • Its backers include Kleiner Perkins, Tysons Food's investment arm, former General Electric CEO Jack Welch, and actors Thomas Middleditch and Leonardo DiCaprio, according to Pitchbook.
  • The company will list its shares on the Nasdaq under the ticker symbol "BYND."

Editor's note: This story has been corrected to reflect the fact that Beyond Meat lost money in 2017 rather than earning a profit.

Go deeper

Updated 26 mins ago - World

Fatal stabbing of British MP David Amess declared a terrorist incident

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Authorities have declared the death of David Amess a terrorist incident, hours after the Conservative Party lawmaker in the U.K. was fatally stabbed while meeting with local constituents in a church in eastern England on Friday.

The big picture: The Metropolitan Police has found "a potential motivation linked to Islamist extremism."

Biden: DOJ should prosecute those who defy Jan. 6 subpoenas

President Biden speaks with reporters at Bradley International Airport in Windsor Locks, Connecticut. Photo: Brendan Smialowski/AFP via Getty Images

President Biden said Friday that the Justice Department should prosecute those who defy subpoenas from the Jan. 6 select committee.

Why it matters: The president's remarks come one day after Donald Trump ally Steve Bannon failed to show up for a deposition before the committee.

Updated 2 hours ago - Politics & Policy

Bill Clinton hospitalized for non-COVID-related infection

Former President Bill Clinton. Photo: Win McNamee/Pool/AFP via Getty Images

Former President Bill Clinton was admitted to the University of California, Irvine Medical Center on Tuesday for a non-COVID-related infection, his spokesperson Angel Ureña said Thursday.

The latest: In an update on Friday, Ureña said Clinton's health indicators are "trending in the right direction, including his white blood count which has decreased significantly."

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