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No they don't. They have a $35M credit line that should get them 12 months. Further, most of their expenses are around Sales and Marketing, and further the incr
by danielpal 12y ago
No they don't. They have a $35M credit line that should get them 12 months. Further, most of their expenses are around Sales and Marketing, and further the increase in their expenses is mostly more head-count (not ad's etc.)
Reducing the sales headcount to last years head-count and they would be profitable by end of year.
- jpmattia 12y agoFunny. I would have guessed that a profitable company would garner a higher valuation, especially since they don't need money, yet the company is pushing for IPO now. I wonder why they elected to sell themselves short?
- loumf 12y agoReducing sales headcount is expected to reduce revenue.