[fbonetti]

> We have incurred operating losses in the past, expect to incur operating losses in the future, and may not achieve or maintain profitability in the future

> We have incurred operating losses each year since our inception in 2012, including net losses of $(71.1) million, $(47.9) million, and $(195.6) million for fiscal 2017, 2018, and 2019, respectively, and expect to continue to incur net losses for the foreseeable future.

They've never been profitable.

[blawson]

My mistake, I interpreted the $(...) values as being negative losses.

[SanchoPanda]

Look at their contribution margins though. Especially on subs. Unit economics are, I guess unsurprisingly, fantastic on selling 2k bikes with a ~40$ monthly sub.