I worked at $PODD in 2007
Our year-end financials:
▪️Revenue: $13.3 MM (+300%)
▪️Gross Margin: -95%
▪️Net loss: -$54 MM
▪️Cash: $94 MM / Debt: $26 MM
Price-to-sales ratio: 49
Would you invest?
Our year-end financials:
▪️Revenue: $13.3 MM (+300%)
▪️Gross Margin: -95%
▪️Net loss: -$54 MM
▪️Cash: $94 MM / Debt: $26 MM
Price-to-sales ratio: 49
Would you invest?
It worked out if you did 
Double-digit revenue growth for 10+ years is the primary reason why
Companies that can grow their top-line rapidly for 10+ years are rare
But, if you found one, you can pay a big multiple at the start and still do quite well
But, if you found one, you can pay a big multiple at the start and still do quite well
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