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> The year we started, our gross margins were 4.6 percent. Today, they're in the teens. Does this mean that they earn 8.9 million every year? Or the headline m
by antirez 17y ago
> The year we started, our gross margins were 4.6 percent. Today, they're in the teens.
Does this mean that they earn 8.9 million every year? Or the headline mentioning "89M $" is already a "clean income" figure?
- nobody_nowhere 17y agoI read the 89M as a topline gross revenue -- so 11.57M if that "teens" (i.e. 13%) figure applies to the past year. He's more or less admitting he can't scale while retaining that, but it's still a nice chunk of change to reinvest into growth.
- antirez 17y agoThanks