[iaabtpbtpnn]

"We have incurred operating losses in the past, anticipate increasing our operating expenses, expect to incur operating losses in the future and may never achieve or maintain profitability."

Says it all, really.

[avree]

This is standard and required language by the SEC for each IPO prospectus for companies without a clear history of profitability.

[whoisjuan]

Dude. All S-1s say that. I haven't read the first one that didn't.

[tehlike]

This is standard statement on many s1s.