It’s beyond fishy, when everyone are losing money or are about to break even and they are somehow “profitable”. This profitable claim can also mean many things, provided under such circumstances etc. which they fail to mention in article.
Now hold on. We can debate whether their estimate is real or not but two days ago you said a 10x revenue valuation was perfectly reasonable and today you're saying $75m for a company you estimate at $10m revenue is a sky high multiple.
A 10x rev valuation cannot be reasonable while a 7.5x valuation based on your plucked from nowhere estimate is sky high.
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