3 ms·

Also looks like they are already profitable, and growing like crazy. EDIT: my bad interpreting the loss format, they are not profitable.

• sca4 7y ago
  They're operating at a -25% EBITDA, so no they are not.
• fbonetti 7y ago
  > We have incurred operating losses in the past, expect to incur operating losses in the future, and may not achieve or maintain profitability in the future > We have incurred operating losses each year since our inception in 2012, including net losses of $(71.1) million, $(47.9) million, and $(195.6) million for fiscal 2017, 2018, and 2019, respectively, and expect to continue to incur net losses for the foreseeable future. They've never been profitable.
  • SanchoPanda 7y ago
    Look at their contribution margins though. Especially on subs. Unit economics are, I guess unsurprisingly, fantastic on selling 2k bikes with a ~40$ monthly sub.
  • blawson 7y ago
    My mistake, I interpreted the $(...) values as being negative losses.