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Yeah, I'm not buying the narrative yet. https://finance.yahoo.com/quote/CHGG/financials/ https://finance.yahoo.com/quote/CHGG/financials/ Revenue's down 10% f
by dehrmann 2y ago
Yeah, I'm not buying the narrative yet.
https://finance.yahoo.com/quote/CHGG/financials/ https://finance.yahoo.com/quote/CHGG/financials/
Revenue's down 10% from a year ago. Annual revenue is flat-ish since 2020. It's been breaking even for a while now. ChatGPT might be an excuse or a contributor, but the real issue seems to be with management not turning on profit for what should be a mature business with a straightforward business model.
- kibibu 2y agoTheir main business model isn't textbooks though; it's "homework help".