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> They're burning $50M loss last quarter which is mind blowing considering they had a monopoly originally. Their finances are pretty insane. In 2023 on sales
by lamontcg 3y ago
> They're burning $50M loss last quarter which is mind blowing considering they had a monopoly originally.
Their finances are pretty insane. In 2023 on sales of $475M their operating loss was $297M. And everything is going the wrong direction. They had $163M increase in operational expenses and increased revenue by only $155M. The last quarter they didn't increase revenue at all.
I don't see how the stock is worth $5.6B and any more than the $1.2B current liquidation value of the cash that they've got. How did they manage to go public at all?