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The fact that this company is terribly mismanaged and its expenses (and thus losses) are out of line, is no surprise to anyone that follows PTON. However, I see a big positive in this report, namely that the quarter to quarter losses in revenue have FINALLY stopped. Q4 revenue of $5m is equal to Q3 revenue of $5m -- I believe many potential investors will view this positively. Don't forget what everyone has been watching the past couple of years in this regards: $5m Q3 revenue, compared to $7.7m in Q2, compared to $9.1m in Q1, compared to $10m in Q4 '96, compared to $10.6 in Q3,....... With the company trading at cash value, significantly less than book value, and perhaps a sustainable sales rate, bargain shoppers or potential suitors may not be far away! |
