"Their new profitability gives me some measure of confidence" "Profitability" can mean whatever you want it to mean at a given moment. In this particular case

"Their new profitability gives me some measure of confidence" "Profitability" can mean whatever you want it to mean at a given moment. In this particular case it's closer than a lot of measures, but it's still a non-GAAP profit. In general these sort of startup announcements are marketing materials. Every company I've been at has declared themselves "profitable" -- the devil is in the details of what you choose to ignore.