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0 pointsFireBeyond5y ago0 comments

> All indications are that they were operating on a profit basis, not a growth basis

From the founder himself:

> We've had carryover losses for years, so from a tax perspective, there was no hit on either side.

I realize that tax losses can differ from cash losses, but are you so sure about that?

0 comments

I mean, that's somewhat my point? They were not pursuing rapid growth. From the post:

We’re also a company that has purposefully operated right around breakeven for years. So, unless you’re a “strategic acquistion” that throws acquistion multiples out the window, a slow-growth software company without lots of profits and a product that’s technically quite complex is ultimately just not going to get a huge multiple.

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