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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years(www.forbes.com)

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Clbull@lemmy.world
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ApeNo1@lemm.ee
22 points

This does not stop companies being successful in IPOs and giving share holders lucrative gains. Take Atlassian as an example of a company seen as successful but is not profitable.

Atlassian has not yet posted a full-year profit in its 20+ years

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Andy@slrpnk.net
17 points

What does that mean? Who pays the shortfalls?

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ApeNo1@lemm.ee
13 points

I am not a CFO but I believe essentially by eating into cash reserves and accumulating debt. Also there is some wizardry when you work out operating profit / EBIT.

Earnings vs Debt

Someone more financially competent may want to offer a more accurate answer.

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