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>>> For fiscal 2018, 2019, and 2020, our revenue was $67.8 million, $103.6 million, and $155.1 million >>> We generated net losses of $32.4 million, $47.8 mil
by user5994461 6y ago
>>> For fiscal 2018, 2019, and 2020, our revenue was $67.8 million, $103.6 million, and $155.1 million
>>> We generated net losses of $32.4 million, $47.8 million, $92.1 million
The revenues are good and increasing, but the losses, omg.
edit: OMG they got the numbers wrong? check pages 3 and page 13-14. Dates don't match, 2019 and 2020 are mixed up?
- mason55 6y agoEither way, you really need a better breakdown to understand how good or bad this is. Even something as basic as COGS or gross margin will tell you how sustainable (or not) the business is. Just because the losses are scaling with revenue growth doesn’t mean the business is unsustainable. It could just mean they’re sinking a ton of money into sales/marketing/r&d because they view their market as a land rush.
- otoburb 6y agoI checked p. 3 and pp. 13-14 -- numbers match.
- user5994461 6y agoCheck the headers, 2019 and 2020 aren't in place, or maybe an issue with Firefox rendering.
- otoburb 6y agoI haven't been able to find a PDF version of the S-1 filing myself to compare. I will note that I'm also using Firefox and headers are aligned for me. The irony is that everybody bemoans PDF yet formatting control is exactly why it has such staying power despite being such a hated de facto publishing format.
- azinman2 6y agoPDF fulfills a need that nothing else satisfies: a vector format that’s universally supported and guarantees that its layout will be the same everywhere, especially when printing.