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1. So it looks like they lost $14M on revenue of $71M in 2019, and $16M on revenue of $162M in 2020. Revenue more than doubled YoY, which is impressive. Costs a
by jonas21 5y ago
1. So it looks like they lost $14M on revenue of $71M in 2019, and $16M on revenue of $162M in 2020. Revenue more than doubled YoY, which is impressive. Costs also grew (by a smaller percentage), but they're presumably spending a lot to chase after the growth opportunity and can dial back later.
2. They had positive free cash flow of $14M in 2020, which may be a better metric to look at when assessing their financial health.
- jgalt212 5y ago40X 2020 (Covid bump revenues). That's a pretty healthy valuation--bordering on extreme. But with so much cash washing around, it's really hard to say what is correctly priced these days.