RE:RE:Huge increase in revenue, same debt?thanks... any company that is raising funds because it is growing and burning cash will not have a great balance sheet as it is using more cash than earning... but in this case excluding the major fixed asset they have that most startups dont. That asset is not being reflected as stated.
Because these are recurring revenues rather than one time revenues, most of the sales/marketing expenses are to add new customers, not service past ones... so even if that stays the same the revenues should grow.
That's why I think it will pay off and eventually be a cash cow, assuming they continue to add subs. It should be a high margin operating business. Once it is then easy to justify a takeover.
but just my rather rough opinion and why I am in, but open to things I might be missing.