David Rosenthal: belief

Transcript context

…Accelerated growth or get more contribution margin positive? The answer is both. Definitely, growth and contribution margin. In the last quarter Q3 ended September 30th, contribution profit improved to $215 million which a year ago, they had lost $52 million in Q3, and I believe the total contribution profit for the nine months of 2020 so far is $433 million. They did half of that in Q3, spread across Q1 and Q2, it would obviously be less so they’re accelerating. Their contribution margin was -70% then -20% then -20%, exactly what you talked about in Q1. It flipped, where they were +7%, then Q2, +29%, Q3 was +24%. Having a 25% contribution margin is great. The big question is, will this be able to continue after the pandemic? In one of the sources that you can check out in the show notes, I remember reading that someone was like, they're effectively essential infrastructure for the country right now. I sure hope they can be profitable with that demand but all power to them there.…

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