4 ms·

It’s also worth noting the projected revenue for 2024 is 50-100M.

• ricardobeat 3y ago
  I also project earning $20M from my yet-to-be-built SaaS platform in 2025.
  • brandall10 3y ago
    Okay. This is a publicly traded company with a product burning through a multiple of that annually.
• bdcravens 3y ago
  From their recent 10K filing: "Our management has performed an analysis of our ability to continue as a going concern and has identified substantial doubt about our ability to continue as a going concern. If we are unable to obtain sufficient additional funding or do not have access to additional capital, we will be unable to execute our business plans and could be required to terminate or significantly curtail our operations."
  • vidarh 3y ago
    Almost any startup will have periods where there will be "substantial doubt about our ability to continue as a going concern" if they are "unable to obtain sufficient additional funding". This is meaningless when looking at a startup without also looking at whether their burn rate is abnormal relative to how much they raised, and whether or not they're meeting their targets.
  • gomox 3y ago
    That's just boilerplate that any unprofitable business has in their filings, to prevent lawsuits over undisclosed risks.