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A comment on Snowflake S-1.

Re:Snowflake S-1 by pupdogg on Monday August 24, 2020 @05:03PM (#24265482)
> "Our net loss was $178.0 million and $348.5 million for the fiscal years ended January 31, 2019 and 2020, respectively"

Is that supposed to sound attractive to institutional investors?

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Re:Snowflake S-1 by jschumacher on Tuesday August 25, 2020 @04:17AM (#24269188)
It's not supposed to sound attractive, but investors will largely care about the YoY growth of 121% for Q2.

They spend a ton of money on Sales & Marketing (293,577k in the last fiscal year). That's what's driving a lot of their growth I assume and it's a lever they can pull back to increase profitability.

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