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unprofitable companiesSimply Wall St
•78% Informative
Petro Matad reported revenue of US$ 135k last year , but it didn't actually have any revenue from operations.
The company burnt through US$ 3.5 m in the last year and has a cash runway of approximately 14 months from December 2023 .
With the cash burn rate up 20% in the past year , it seems that the company is ratcheting up investment in the business over time.
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74
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50
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English
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long-living
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9
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