"Loss" is the wrong word for this. We need better terminology. A more accurate statement would be something like, "The tangible value of the company's assets,

"Loss" is the wrong word for this. We need better terminology. A more accurate statement would be something like, "The tangible value of the company's assets, as far as anyone can reasonably ascertain with any degree of certainty, declined by 53 cents per share this quarter". The question is whether the company is making good investments. If you believe its infrastructure investments will provide long-lived, strategic advantages which support the reduction of cost (increasing margins and free cash flow), decreased time to market (making more revenue accessible, more quickly), or other things, these "losses" are hardly bad things. [1] [1] Of course, this assumes the company has access to continued financing on good terms, which seems to be the case.