What's the problem with an early stage business with expenses exceeding revenue? It is literally impossible to get a business platform like this built without expenses being greater than revenue. In fact you don't want +CF too early because the offset of that can be subdued future growth. It's a balancing act.
And yes Adrian should not have said anything about being cashflow positive last year. Clearly that was a porkie.
Wise for long-term investors to read between the lines.
Have a great day
What's the problem with an early stage business with expenses...
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