Originally posted by brrrattt:
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My very basic FA is that this is no start up, but that is what your paying for in todays price. As far as "artists" go from what I've read, they are very well known as the go to if you are keen to sell print design online for various formats (Etsy is built for more durable art). They have achieved a global footprint, and have successfully managed to achieve revenue "scale".undergo this amount of website development, artist goodwill, data, algorithmic analysis, product streamlining is no mean feat. They royally stuffed up with the departed CEO, but the business is still a favourite amongst consumers who wish to purchase original designs for clothing, stickers, prints and the like. That demand is not going away anytime soon.
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It’s refreshing to see an even cautiously optimistic take on this co.
That said, the H1 result was indeed $289 mil, but that included Christmas and Black Friday. Q3 MPR was $88 mil, so there would have been long way to go to get to $600mil MPR by 30 June.
That doesn’t fix the revenue metric, but along with the cost controls should improve the business over time.
(20min delay)