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A comment on An Estonian Startup With €25 Million Turnover. Parent comment

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.

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Re:An Estonian Startup With €25 Million Turnover by jhonovich on Thursday September 26, 2013 @12:15PM (#6451735)
Sure, so this is a company with a paltry 20% gross margins.
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Re:An Estonian Startup With €25 Million Turnover by blibble on Thursday September 26, 2013 @02:28PM (#6452655)
I guess PayPal, eBay, VISA, and all the banks should just shut up shop then...

The number alone means nothing without understanding the business that they're in.

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