Submitted by MageTank12 t3_ygrtev in wallstreetbets
MathematicianKey5605 t1_iubgwt7 wrote
Look at their net income. They’re BLEEDING cash. Puts I had on them printed last week. Not sure upcoming earnings will be, but I’d guess not great
Nihaohonkie t1_iuc9cso wrote
They have over 2 billion cash on hand. Not sure how this is bleeding cash
MathematicianKey5605 t1_iucc7j3 wrote
Most recent quarter is $75M free cash flow, and -179M net income on 473M revenue. Yeah, that’s called bleeding cash….
Nihaohonkie t1_iucdhoa wrote
They have over 2.4 billion in cash reserves and their operating expenses have increased due to a huge push of new hires and expenses. I’m not saying their financials are solid by any means, but they are not strapped for cash
BagholderBaggins t1_iuctm72 wrote
This. With no new clients, they can operate at these margins and insolvent in almost three years. Meta had 10 billion in reserve and burned 9 of it for comparison. And in like comparison saying this thing is bleeding cash is like saying meta is declaring bankruptcy soon...... yeah but not at all likely. Years of this need to play out. I'm long fuck yall 25 by 2025
MathematicianKey5605 t1_iudkay8 wrote
Username checks out
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