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alexb_
1203 days ago
No, it means that the column for gross profit is negative. Loss is used many times in different columns on the consolidated balance sheet.
1 comments
RC_ITR
1203 days ago
You are incorrect. 'Loss' is a perfectly acceptable GAAP term for negative profits on the P&L, it's just that 'Gross Loss' is so rare, nobody really uses it.
You can even look at the 10-k and see they say 'Net Loss' instead of 'Net Income.'
link
You can even look at the 10-k and see they say 'Net Loss' instead of 'Net Income.'