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Their pace of losses are increasing at about 50% more per year. Most companies that file to go public are at least losing less money over time with a path to profitability. I don't see how this bodes well for a strong IPO.

because the future looks worse, and they want to make some money while they still can?

But you can also have to look at it as a percent of revenue. If their revenue growth is 100%, 200%, 500% then those losses are diminishing as a percentage of revenue.

I actually didn't look up what their revenue growth was, I am just saying that is the case. But either way, it doesn't paint a really rosy picture.

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