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0 pointsalexb_3y ago0 comments

No, it means that the column for gross profit is negative. Loss is used many times in different columns on the consolidated balance sheet.

0 comments

RC_ITR3y ago

You are incorrect. 'Loss' is a perfectly acceptable GAAP term for negative profits on the P&L, it's just that 'Gross Loss' is so rare, nobody really uses it.

You can even look at the 10-k and see they say 'Net Loss' instead of 'Net Income.'

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0 pointsalexb_3y ago0 comments

No, it means that the column for gross profit is negative. Loss is used many times in different columns on the consolidated balance sheet.

0 comments

RC_ITR3y ago

You are incorrect. 'Loss' is a perfectly acceptable GAAP term for negative profits on the P&L, it's just that 'Gross Loss' is so rare, nobody really uses it.

You can even look at the 10-k and see they say 'Net Loss' instead of 'Net Income.'

j / k navigate · click thread line to collapse