RE: Down 25%31 Jan 2022 13:12
Clearly revenue is the issue (and profits). Several times they have boasted about strong % increases, but that's not a lot when your starting point is so low.
This said, the gross margin has always been extremely strong. A few more wins like FIFA and an expanded CBS deal could see BIRD hit profitability. From then on, all expansion just adds to the bottom line.
Ultimately, a takeover is probably the most likely exit. The amount of shares IM has, and his inability to sell without destroying the value of his remaining shares, makes this seem a clear path to me.