From your source, their 2021 net profit was -$6.5M and their 2020 net profit was... | Hacker News

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		chrisbolt on April 12, 2023 \| parent \| context \| favorite \| on: Substack Notes Launched From your source, their 2021 net profit was -$6.5M and their 2020 net profit was $1M. They seem to be mixing the $24.6M in negative cash flow for 2021 with the $1M in net profit in 2020? Doesn’t make any sense.

Gareth321 on April 12, 2023 [–]

Valuations in tech haven't been based on profit for 25 years now. It's all revenue and user growth.

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