Can I remind you that the same thing was being said about Xero years ago.
From a 2017 Business Insider article;
It's OK to play the long game. Although it's been ... 10 years since the company floated on the NZX, Xero remains a growth-first venture. It has focused the entire time building up its customer base and has not posted a dollar of profit along the way. Blair Galpin, analyst at New Zealand investment firm Forsyth Barr, said earlier this year that Xero's continued losses should not be a concern – yet. "Our view for some time is Xero could be profitable if it was willing to forgo a lot of its push for growth -- so it's a choice."
I remember years ago when I first bought into Xero at $16.00 the CEO said and I need to paraphrase "we could turn a profit tomorrow but why would we when I'm chasing growth and market share"
Ann: FY24 Trading Result (unaudited), page-100
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Last
$2.01 |
Change
-0.010(0.50%) |
Mkt cap ! $1.388B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.06 | $2.01 | $1.537M | 758.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39507 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 3342 | 1 |
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