Dialogue Health Tech-financial-$35M in revenue???The IPO is today and with $35M in revenue, I just don't get Doc's SP:
Consolidated Statement of Net Loss and Other Comprehensive Loss Years Ended December 31, 2020 vs 2019 2019 vs 2018 2020 2019 2018 $ Change % Change $ Change % Change (in thousands of CAD, except per share data) Revenue ................... $ 35,802 $ 10,089 $ 4,013 $ 25,713 254.9% $ 6,076 151.4% Cost of services ............. 21,409 4,603 3,050 16,806 365.1% 1,553 50.9% Gross profit ............... 14,393 5,486 963 8,907 162.4% 4,523 469.7% Expenses General and administrative .... 20,079 8,527 4,732 11,552 135.5% 3,795 80.2% Sales and marketing ......... 9,433 5,379 2,922 4,054 75.4% 2,457 84.1% Product and development ..... 4,715 3,174 2,804 1,541 48.6% 370 13.2% Share-based payments expense . . . . . . . . . . . . . . . . . 293 164 199 129 78.7% (35) (17.6%) Other expenses . . . . . . . . . . . . . 333 286 390 47 16.4% (104) (26.7%) Total expenses ............. 34,853 17,530 11,047 17,323 98.8% 6,483 58.7% Net Loss before income taxes ................... (20,460) (12,044) (10,084) (8,416) 69.9% (1,960) 19.4%