Glad to see a Canadian tech company going public, but has an investor, I'm not thrilled by the following: "Its total revenues have doubled from $23.7 million i

Glad to see a Canadian tech company going public, but has an investor, I'm not thrilled by the following: "Its total revenues have doubled from $23.7 million in 2012, to $50.3 million in 2013 and to $105 million in 2014. However, it experienced net losses each year, losing $22.3 million in 2014" I looked in the F-1 form and saw: "We had net losses of $1.2 million in 2012, $4.8 million in 2013, $22.3 million in 2014" The losses quadrupled in 2012-2013, while revenue doubled, and increased almost fivefold in 2013-2014, while revenues only doubled.