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I think you are being more than a bit pedantic for very little benefit. I never said "Non Gaap accounting", I said "Non Gaap measures". That doesn't have to
by chollida1 10y ago
I think you are being more than a bit pedantic for very little benefit.
I never said "Non Gaap accounting", I said "Non Gaap measures".
That doesn't have to mean Pnl, it can, and was intended, to mean things like user engagement numbers, monthly uniques, etc.
Is there a different terminology that you would prefer that I use?
how about this........
I'm interested in seeing whether they focus on their earnings vs user growth numbers. Would this satisfy you?
- dmoy 10y agoI for one appreciated Greg's note and your follow-up. When you said non gaap initially I thought you explicitly meant the non gaap but still accounting systems that a large, large number of companies out on quarterly earnings (they'll do it right next to it, say " gaap X, non gaap Y ". So you may see it as pedantic, but I think it was a useful clarification.
- gregshap 10y agoYup i think 'earnings vs user growth numbers' is a great way to put it My thinking was that 'People worried about money losing companies with huge valuations' is a popular cause of consternation and 'People worried about non-GAAP accounting' is another popular (for some people) cause of consternation. Gaap(Pnl) vs non-gaap made me suspect you were conflating the two worries, and made me wonder if lots of people might also be confused by what accounting/finance/investment people are generally talking about when they talk about "Non-GAAP measures"
- dsktoo 10y agoAgree. As a person in accounting/finance/investment, measures like user growth are called KPIs (key performance indicators) and are distinct from NGFMs (non-GAAP financial measures).