https://qz.com/1563655/lyft-ipo-filing-shows-a-history-of-losses-and-no-clear-path-to-profitability/amp/ "We have a history of net losses and we may not be able to achieve or maintain profitability in the future,” Is there some Truth to it or standard as part of IPO filing ?
Queue the layoffs 🔥
Standard messaging in an S-1 You have to warn investors of every potential situation Iirc, Snap, Box, and maybe even Amazon had the same messaging
Literally every S-1 has this language. This risks section has to be as pessimistic as possible to disclaim liability.
Standard part of IPO filings for companies that have never or rarely turned a profit. Companies that are consistently profitable will still have a statement about how they may stop being profitable after IPO.
Clickbait website needing to bait clicks to earn their 1 cent per page view from ads. Looks like it works quite well.
Garbage 🗑
Honesty !
Standard statements of risk. Google's S-1 stated as a risk that people may stop using the internet.
That verbiage is stock standard and in itself not a concern. What is a bit concerning is losing $911M on $2.2B in revs with market growth overall slowing and unit economics are still crappy. They spent over 800M in marketing to get that 2.2B in revs and adjusted EBITDA margin (cash flow proxy) is improving but still -44%. This is a pretty bad state to be going public in, honestly. They are desperate to IPO, for sure.
I am interested in learning more about the stuff you talk about. Are there any good books?
Investments by Bodie Kane and Marcus. Then maybe Financial Statement Analysis: A Practitioners Guide. Or other books on the topic. Those should be good starters.
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