[veronikakolejak]

Most of the additional 2018 loss is attributable to the major increases in General & administrative and stock-based compensation expenses. The interesting thing is that net loss in the first half of 2019 is 13% higher than in the first half of 2018 but revenue increased by 48%, judging from the filing's data https://wallmine.com/doc/edgar/0001477333/000119312519222176...

Disclaimer: working on wallmine's filings product

[MuffinFlavored]

As long as they lose money, they can grow revenue. When are they ever going to want to stop growing revenue?

> stock-based compensation expenses

that reads as "in order to retain employees and be competitive in the market"

[veronikakolejak]

Definitely. The reasoning is that it's common for Operating expenses to increase significantly ahead of an IPO.