That was the thing that stood out most to me. How the fuck are they spending 50% on R&D with almost zero visible results to the end user?
From the article, for anyone wondering about the actual numbers:
“In 2023, the company’s revenue was $804.0 million. Research and development, at $438.3 million, was more than half, an awfully big number for a company of this age. Total costs and expenses were $944.2 million. The net loss was $90.8 million, which at least is an improvement over 2022, with its $666.7 million in revenue and $158.6 million in losses.”
That was the thing that stood out most to me. How the fuck are they spending 50% on R&D with almost zero visible results to the end user?
From the article, for anyone wondering about the actual numbers:
“In 2023, the company’s revenue was $804.0 million. Research and development, at $438.3 million, was more than half, an awfully big number for a company of this age. Total costs and expenses were $944.2 million. The net loss was $90.8 million, which at least is an improvement over 2022, with its $666.7 million in revenue and $158.6 million in losses.”