"planning to be profitable" in this situation means that the financials are losing less money each month and at an identifiable point in time breakeven and beyond will occur.
It doesn't mean "at some point I intend to change some things and hope it makes the business profitable" in the same way "I plan on getting a haircut".
To be fair I was planning on getting a haircut before the world shut down a few months ago. Things aren't looking great up there haha. Now, I plan on getting a haircut in the same way a startup founder plans on achieving profitability: ideally, at some point, before it falls out.
It doesn't mean "at some point I intend to change some things and hope it makes the business profitable" in the same way "I plan on getting a haircut".