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It's hard to say. They recorded $630M of expenses into R&D this quarter, but I think they're including a lot of their one time items from the IPO there. Year
by aetherson 7y ago
It's hard to say. They recorded $630M of expenses into R&D this quarter, but I think they're including a lot of their one time items from the IPO there. Year ago quarter was $60M ish. Hard to believe that they've 10x'd their ongoing expenses on development in one year.
If their ongoing expenses in R&D are only 2x what they were last year, then no, they could cut those expenses to zero and still not be profitable.