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> 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 >
by 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 $(195.6) million for fiscal 2017, 2018, and 2019, respectively, and expect to continue to incur net losses for the foreseeable future.
They've never been profitable.
- SanchoPanda 7y agoLook at their contribution margins though. Especially on subs. Unit economics are, I guess unsurprisingly, fantastic on selling 2k bikes with a ~40$ monthly sub.
- blawson 7y agoMy mistake, I interpreted the $(...) values as being negative losses.