Am I reading this right that they did $500k of revenue in August? 'The round came together over the summer, but “we’ve grown revenue 80% in two months,” and ra

Am I reading this right that they did $500k of revenue in August? 'The round came together over the summer, but “we’ve grown revenue 80% in two months,” and racked up $500,000 in August, Petersen says' What does that mean, 'racked up'? Surely they are not 'very profitable' and also worth $300m on a $6m revenue run rate...right? Also -- seems like a great company and power to them. Just confused by that line in the article.