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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 52 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.

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