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"We have experienced rapid growth. Our revenue grew from $380.8 million to $541.8 million for the years ended December 31, 2018 and 2019, respectively, represen

"We have experienced rapid growth. Our revenue grew from $380.8 million to $541.8 million for the years ended December 31, 2018 and 2019, respectively, representing year-over-year growth of 42%, and from $252.8 million to $351.3 million for the six months ended June 30, 2019 and 2020, respectively, representing period-over-period growth of 39%. We generated net losses for the years ended December 31, 2018 and 2019, and six months ended June 30, 2019 and 2020, of $131.6 million, $163.2 million, $67.1 million and $54.1 million, respectively, which included $20.9 million, $44.5 million, $14.8 million and $21.7 million, respectively, of stock-based compensation expense. We reduced our net cash used in operating activities from $81.1 million to $67.9 million for the years ended December 31, 2018 and 2019, respectively, and from $19.8 million to $15.4 million for the six months ended June 30, 2019 and 2020, respectively." Promising financials!

tempsy 6y ago
But growth is already slowing from 2018-2019 vs 2019-2020 period. 40% YoY growth for SaaS is par for the course, and the revenue figure is a bit light. Not necessarily a home run in the public markets though if there's a time to do a tech IPO it's now given the frothiness of the market.
- hunterloftis 6y ago
  I've heard this term used a few times now - a "frothy market," or a "frothy startup," but I'm not familiar with it. What does frothiness mean in terms of markets?
jkinudsjknds 6y ago
Sounds kind of mixed to me. What's going to enable them to turn an annual loss of ~$150M into a profit?
- nabla9 6y ago
  Unity turns into profit in the instant they stop seeking growth. Their annual losses are growing in line of their annual sales and marketing. Unity has year-over-year growth of 42%.
  - jkinudsjknds 6y ago
    That's not a particularly realistic way to read financial statements. It's not like they can just turn off sales and marketing and keep their existing revenue streams.
nabla9 6y ago
Rapid growth software company with most of the sales coming product should have price/sales to be abowe 10-20 at least. Should we expect $5 -10 billion market cap?

tempsy 6y ago

But growth is already slowing from 2018-2019 vs 2019-2020 period. 40% YoY growth for SaaS is par for the course, and the revenue figure is a bit light. Not necessarily a home run in the public markets though if there's a time to do a tech IPO it's now given the frothiness of the market.

hunterloftis 6y ago
I've heard this term used a few times now - a "frothy market," or a "frothy startup," but I'm not familiar with it. What does frothiness mean in terms of markets?

jkinudsjknds 6y ago

Sounds kind of mixed to me. What's going to enable them to turn an annual loss of ~$150M into a profit?

nabla9 6y ago
Unity turns into profit in the instant they stop seeking growth. Their annual losses are growing in line of their annual sales and marketing. Unity has year-over-year growth of 42%.
- jkinudsjknds 6y ago
  That's not a particularly realistic way to read financial statements. It's not like they can just turn off sales and marketing and keep their existing revenue streams.

nabla9 6y ago

Rapid growth software company with most of the sales coming product should have price/sales to be abowe 10-20 at least. Should we expect $5 -10 billion market cap?