Hi again Andrew,
It’s odd, but Monday’s revenue growth of 84% is exactly the same revenue growth as the 84% they had the same quarter a year ago.
And their -40% operating margin is exactly the same as the -40% that they had in the same quarter last year.
And they ended up last year with operating margin of -17% for the year after starting with -40%. And they ended up the year with 91% revenue growth for the year, after starting at 84%.
I wonder if it’s some seasonality thing about the first quarter. We really don’t have enough years to go on yet and I am not at all saying that they will turn those numbers around this year the way they did last year. I simply don’t know. Wish I did!
Best,
Saul