"Let me know if you two need a few examples of companies that...

"Let me know if you two need a few examples of companies that increased in value without any net profit. Amazon comes to mind..."

imo GYG is ridiculously overvalued. Are you sure your sentiment toward GYG is Buy?

In the past, Amazon only looked unprofitable on reported earnings. They had been reinvesting their earnings into future growth, which depressed reported current earnings. Jeff Bezos had been saying this in his shareholder letters for many years.

Also, you'll need to consider GAAP accounting requirements.

A large chunk of Amazon earnings is from AWS and many other bets that they tried but didn't work out. Amazon, like many other tech companies, spent a large amount on R&D and sales & marketing. These are their investments to bring in future customers and growth for many years.

GAAP requirements require tech companies to expense almost 100% of R&D and sales & marketing expenses because GAAP consider R&D as speculative.

While non-tech companies, say car manufacturers, spend their investments in factories, properties, plants and equipment (PP&E). GAAP accounting consider this as real investments, not speculative. Thus GAAP allows non-tech companies to amortize these expenses over many years. In other words, non-tech companies can spread the costs over many years, which subsequently makes them look more profitable each year than tech companies.

Example:
CarMakerABC spends $100M this year to build a factory, which expects to last, say 20 years. GAAP will allow CarMakerABC to report:
Year 1 cost for the factory is $5M
Year 2 cost for the factory is $5M, and so on.
Thus, their reported earnings this year look more profitable.

Amazon spends $100M on R&D to improve their AWS to create a better technology for their customers, or other bets that might become the next AWS. This will have a long-lasting effect on customer retention and improve stickiness of their products.

However GAAP says this R&D is speculative and requires Amazon to report almost the entire $100M as expenses.
Thus, Amazon reported earnings looks unprofitable because it took almost the entire $100M expense on paper.

That's why Amazon was thought to be unprofitable for many years. In fact, they could have stopped spending on their R&D investments and they'd have been profitable for the year (but then no future growth).

GAAP was first created to regulate companies in the industrial non-tech era, and it does not reflect the financials of tech companies well.

GYG is not a tech company.

And, Don't take my word for this. These are well explained in the book "Where the Money Is: Value Investing in the Digital Age" by Adam Seessel and many other interesting podcasts.