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Revenue up almost 5x from Q1/2019 to Q1/2021, yet they are still bleeding money since losses also went up almost 5x. Bad sign for a platform business.
by sparkling 5y ago
Revenue up almost 5x from Q1/2019 to Q1/2021, yet they are still bleeding money since losses also went up almost 5x. Bad sign for a platform business.
- shapefrog 5y agoWhat are they even going to do with the money? More languages? Teaching to a higher level? Seems more like cashing in on frothy market (or cashing out some VCs)
- tomcooks 5y ago1 to 1 language lessons with certified instructors
- maccard 5y ago"we lose money on every sale, but make it up in volume" comes to mind.
- me_me_me 5y agoThis is exactly the unicorn approach. and that is what VC are looking for, market share above else. We will sort out finances later.