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I skimmed at the S-1 filing .. they list 400k members for 2018, and revenues of $1.8B, so Average Revenue Per Member is $4500 USD. Now the gross margins look t
by carlsborg 7y ago
I skimmed at the S-1 filing .. they list 400k members for 2018, and revenues of $1.8B, so Average Revenue Per Member is $4500 USD.
Now the gross margins look terrible, but the sell is probably this: how hard is it to monetize 500k users (Q1 2019 numbers) who land up and work out of your managed premises everyday?