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They're making progress. Their last quarter shows them decreasing their loss in net income and at the same time increasing their revenue. IMO they're a dying c
by ckdarby 3y ago
They're making progress. Their last quarter shows them decreasing their loss in net income and at the same time increasing their revenue.
IMO they're a dying company. Selling is a smart move to push their existing customers a cross sale product to close the loss gap. They'll drop 15 to 30% of their staff.
They're not that far from profitability when you realize their staffing cost is high vs the yielding return per employee.
- ethbr1 3y agoMakes sense, since with another product company you could collapse the sales orgs and drastically decrease the marketing+sales costs without impacting revenue.