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> How are they making a profit They aren't. In Q1 they made a loss of $33M on $91M in revenue.
by jsnell 6y ago
> How are they making a profit
They aren't. In Q1 they made a loss of $33M on $91M in revenue.
- pier25 6y agoOh wow. In fact it seems they have been loosing more and more money over the years. https://finance.yahoo.com/quote/NET/financials/ https://finance.yahoo.com/quote/NET/financials/ What are they counting on happening here? Obviously free customers won't switch to paid plans.
- deleted 6y ago[deleted]
- almost_usual 6y agoAccording to cloudflare.net, their GAAP gross margin was 77% in Q1 which is pretty good. Seems like they spend most on sales, marketing, and r&d.