employee insurance and employee benefits start - up Zenefits lost $ 205 m in the last fiscal year , and has already racked up revenues of $ 100 m against revenues of $ 35.3 m for the current year , thanks to " restructuring measures " . Despite the gloomy figures , the company insists it is turning a corner under CEO bill Sacks with costs and expenses from February to July rising at an annualised 12 % , while profits for the same period are up 62 % to $ 70.6 m . Sacks has also transformed Zenefits into an " industry leader in innovation " and overseen the launch of new software suite Z2 .
Health insurance and employee benefits start-up Zenefits lost $205m in the last fiscal year, and has already racked up losses of $100m against revenues of $35.3m for the current period, thanks to "restructuring charges". Despite the gloomy figures, the company insists it is turning a corner under CEO David Sacks with costs and expenses from February to July rising at an annualised 12%, while profits for the same period are up 62% to $70.6m. Sacks has also transformed Zenefits into an "industry leader in compliance" and overseen the launch of new software platform Z2.