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The financial statement is way more interesting of the article... They are spending ~10M for developing the platform and ~18M for sales and marketing. If they
by siscia 11y ago
The financial statement is way more interesting of the article...
They are spending ~10M for developing the platform and ~18M for sales and marketing.
If they had completely shut down the the marketing side they would have bring around ~14M of profit this quarter.
They have around ~150M in the bank, so they can keep growing like this for other 3 years.
- guiomie 11y agoSo you are saying the marketing resulted in no revenue?
- siscia 11y agoHummm... No... I am just exposing fact that weren't so obvious at first sight...
- tonyedgecombe 11y agoIf they had shut down the marketing side they might be heading for bankruptcy. Customers don't just line up at your door because you created a product.