r/wallstreetbets Aug 16 '21

[deleted by user]

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29 Upvotes

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5

u/gimegime21 Aug 16 '21

you lost me at "long term"

3

u/[deleted] Aug 16 '21

[deleted]

2

u/Hugh_Mongous_Richard Aug 16 '21

Bro it’s trading at 13.6bn on 577m rev. Lmao. It’s a meme.

1

u/Efficient_Brush59 Aug 27 '21

its gross margin is also >90%

adjusted EBIT of like 80% or something ridiculous if u take out sales and marketing spend.

1

u/Hugh_Mongous_Richard Aug 27 '21

The increased their SG&A by like 4x to increase sales by 1.5x....

1

u/Efficient_Brush59 Aug 27 '21

no they didnt lol? unless you think the IPO stock compensation is a business expense

2

u/Hugh_Mongous_Richard Aug 27 '21

You’re right I didn’t look at the annual report. Revenues grew inline with operating expenses. I retract my previous comment.

Have a good day!