"We have incurred operating losses in the past, expect to incur operating losses in the future, and may never achieve or maintain profitability."
Sounds familiar. Where have I heard that before?
... Oh, I remember, Exodus Communication during the last great share market bubble!
Exodus Communication circa 2000*: "It is possible that we may never achieve profitability on a quarterly or an annual basis."
Exodus Communications history:
- Mar 1998: IPO
- Dec 1999: Stock price growth of 1005.8% over IPO price as at 31 Dec
- Dec 2000: Down 55%
- Sept 2001: Filed for Chapter 11 bankruptcy
- Dec 2001: Down 99.8%
- Early 2003: Last trade at 1 penny/share
* See https://www.sec.gov/Archives/e...