"We would be profitable if we had the resources but we don't," isn't the smackdown argument you seem to believe it is.

There used to be a thing where successful tech companies were profitable right out of the gate, and very successful companies doubled those profits for years, and companies who bought and used the tech could point to clear, actioned, benefits and cost savings.

Now it's all "This will be really, really profitable one day, probably, if the omens align and we can deal with all of the problems."