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Is that true? Let's examine this claim a bit more closely. Net profit margin for the quarter -24.38%, net income for the quarter -43.3M, sales growth slowing by
by Godel_unicode 5y ago
Is that true? Let's examine this claim a bit more closely. Net profit margin for the quarter -24.38%, net income for the quarter -43.3M, sales growth slowing by double-digit percent every year since 2018.
It's possible to take in a ton of money and still lose money.
- Mikeb85 5y agoI'm gonna go out on a limb and say if they're losing money with $177 million in revenue it's because they're expanding quickly, made a bunch of acquisitions, etc... No way they're losing money on operations. Edit - just looked it up, they have free cash flow for the year and a $400 million cash position. Tons of deferred revenue too.