/biz/ - Business & Finance

LMAO

>Palantir is a cash furnace. For example, in 2019 its operations consumed $165 million in cash — which represented 22% of its revenue. Its cash burn increased from the year before. In 2018, Palantir’s negative cash flow from operations was $39 million — its 2019 cash burn soared a whopping 323% while its revenues rose 25%, according to its prospectus.

>Palantir’s product is very expensive to sell and the company has very high overhead costs — accounting for a combined 105% of revenue last year. For 2019, for example, Palantir’s sales and marketing expenses of $450 million represented 61% of its revenue while general and administrative costs — of $321 million — were another 44% of revenue.

>After 17 years, Palantir has not figured out how to make a profit. Will its executive team learn how to do that now that its shares are publicly traded?

This honestly doesn't sound so sexy