this post was submitted on 13 Sep 2023
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Programming
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Genuine question, are they not making money, or are they not making more money than they did last year? I just tend to hear that companies aren't making money when all they really mean is that profits aren't growing, but they're still making a big profit.
I'm just looking at Wikipedia here but their net income in 2022 was US$ –921 million. Granted I'm not a financial wizard but I am at least somewhat confident that a negative number for net income is bad, like they're not actually making money after their expenses.
This appears to be a deeper and structural problem - they've never made a profit since they've started reporting their data after going public.
https://www.wolframalpha.com/input?i=NYSE%3AU+revenue%2C+net+income
Thanks for taking the time to respond! Yeah that doesn't sound good.