Re:Soulver – Notepad, meet calculator
by CriticalCathed on Wednesday July 10, 2019 @02:04PM
(#20404604)
>excluding some costs
So, not really then?
From the same article:
>The company also posted a narrower net loss of $7.7 million
Dropbox is still not profitable.
Re:Soulver – Notepad, meet calculator
by jazzyjackson on Wednesday July 10, 2019 @02:26PM
(#20404821)
I'm sitting here laughing like how can they report a profit, excluding some costs? what? Thanks for pointing this out
It is funny - but to add a little nuance here, it sounds like they're reinvesting tons of cash back into R&D. If they were not reinvesting as heavily, they would be cash positive.
> Dropbox has demonstrated impressive growth since 2015, roughly doubling the number of paying users and revenue. Dropbox became cash-flow positive in 2016, but recorded a loss of $111 million that year after pouring money back into its product development efforts.
https://qz.com/1214822/dropbox-is-filing-for-a-500-million-i...
But to answer your question, yes, it turned a profit:
> The maker of cloud-based file-sharing software reported profit, excluding some costs, of 10 cents a share, above the 6 cent average estimate of analysts polled by Bloomberg.