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by susanwise
1178 days ago
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Generally right here, just has a physical operating component to the business which makes COGS high. Think of it like e-commerce business where you are buying goods and shipping to customers. We can cut deeper, but new investors don't want to do that at he cost of revenue. In other words, I cannot materially cut costs without sacrificing revenue bc I have a fundamental GP problem that will take time to improve over several quarters. |
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