Re:An Estonian Startup With €25 Million Turnover
by blibble on Thursday September 26, 2013 @11:28AM
(#6451424)
don't confuse revenue/turnover with gross margin.
gross margin is turnover minus cost of goods sold.
Let's say they keep 20% (the middle of that range). That's €5 Million. Of course, that's not profitability. That's essentially their revenue before the expense of having 40 employees, etc.
Still impressive but more realistic with that aspect clarified.