Re:SoundCloud could be forced to close after $44m losses
by raesene4 on Thursday February 11, 2016 @09:05AM
(#11080135)
there are two excerpts from their financial accounts in there if that makes you any happier (and justifies my use of the plural :) one from the P&L and one from the staffing section
The article is working on what's publicly available (there's a surprise), as they can hardly work on what Soundcloud hasn't released! My guess would be that if Soundcloud had managed to get into profitability that quickly then soundcloud would've got a press release out to say that.
edit - didn't realise they were a UK company. So the full accounts and company filing history are https://beta.companieshouse.gov.uk/company/06343600/filing-h...
definitely their cash position at the end of 2014 was not of the best...
For all we know Soundcloud was profitable last year. Maybe it's not likely.. but the article has no information at all on last year, yet they feel comfortable making this statement.
The auditor statement is standard boilerplate. It applies to every company that is losing money. That's right -- if the company is losing money, they may need to raise money in the future to continue. No kidding.