Genuine question, are they not making money, or are they not making more money than they did last year? I just tend to hear that companies aren't making money when all they really mean is that profits aren't growing, but they're still making a big profit.
I'm just looking at Wikipedia here but their net income in 2022 was US$ –921 million. Granted I'm not a financial wizard but I am at least somewhat confident that a negative number for net income is bad, like they're not actually making money after their expenses.
Thanks for taking the time to respond! Yeah that doesn't sound good.
Genuine question, are they not making money, or are they not making more money than they did last year? I just tend to hear that companies aren't making money when all they really mean is that profits aren't growing, but they're still making a big profit.
I'm just looking at Wikipedia here but their net income in 2022 was US$ –921 million. Granted I'm not a financial wizard but I am at least somewhat confident that a negative number for net income is bad, like they're not actually making money after their expenses.
Thanks for taking the time to respond! Yeah that doesn't sound good.