Nihaohonkie t1_iuc9cso wrote on October 30, 2022 at 6:00 AM

Reply to comment by MathematicianKey5605 in Palantir? by MageTank12

They have over 2 billion cash on hand. Not sure how this is bleeding cash

MathematicianKey5605 t1_iucc7j3 wrote on October 30, 2022 at 6:38 AM

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 on October 30, 2022 at 6:55 AM

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 on October 30, 2022 at 10:45 AM

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 on October 30, 2022 at 2:56 PM

Username checks out