That figure is for traditional IPOs, FAQ here: We cannot assure you that we will achieve profitability in the future or that, if we do become profitable, we will sustain profitability.ĭon't listen to him, I'm sure the minimum for the directed share program doesn't have a minimum of 100K. As a result of our continuing investments to scale our business in each of these areas, we do not expect to be profitable for the foreseeable future. We also expect to continue to make significant investments in our data center infrastructure and technical operations organization as we further scale our business.
We have invested, and expect to continue to invest, in our sales and marketing organization to sell our cloud services around the world and in our development organization to deliver additional features and capabilities of our cloud services to address our customers’ evolving needs. We intend to continue scaling our business to increase our customer base and to meet the increasingly complex needs of our customers. We cannot guarantee that we will continue operating our business similar to past performance.
Over our 14 years of operations, we had an accumulated deficit of $20.7 million as of June 30, 2021. We incurred net losses of $1.0 million and $6.6 million for the years ended Decemand 2020.
We have a history of cumulative losses, and we do not expect to be profitable for the foreseeable future.
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