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It is clear from the financials that in the coming months/years, they will be pressured (or simply need to) cut back massively on R&D, marketing, etc. They hav
by supernova87a 6y ago
It is clear from the financials that in the coming months/years, they will be pressured (or simply need to) cut back massively on R&D, marketing, etc.
They have a gross profit margin of 78% in the last 2 years (revenue - direct operating costs), but then if you subtract R&D, sales + marketing, admin, it drops to -30% net profit.
Not even knowing that much about them, you can see what's about to happen.
- swyx 6y agothis is the story of almost every tech company at ipo, whats the big deal?