There are many companies out there with strong growth in cash revenues but not yet profitable. Just look at Xero, or even Amazon a few years ago. I don't think you can blanket all companies with no earnings as non-investable. That shows a very narrow minded view on investing. 5x revenue for a cashflow positive company that's growing at 30-40% per quarter is cheap IMO.
BTW, I am trained in business analysis and accounting. Ive been in the industry for 20 years.
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