Does it matter? With $4 million and revenue and nearly $7 billion
in market cap, the financials are obviously irrelevant. If an audit uncovered improperly recognized revenue and true revenue should have been reported as only $3 million, so what?
I'm a value investor, so I like earnings and cash flow, but I understand investing for growth and that earnings can take a back seat to revenue growth for a long time with early stage, high growth companies. But $4 million in revenue? That's embarrassing. It's trading at more than 1,500 times revenue. Just absurd. That makes some of the 2000 dot com bubble stocks look sane.
|
(
In response to this post by 111Balz)
Posted: 04/01/2024 at 12:39PM