How Long Can Lyft Stay Unprofitable?
Lyft reported its 1st quarter earnings on Tuesday and surprise surprise, they lost a boat-load of money. Income was adversely impacted by a one-time $864 million stock-based compensation expense, but still, losing a billion dollars in one quarter is never a good thing. Here are the highlights from the release: Revenue of $776 million, up 95% YoY. 20.5 million riders, up 46% YoY Net loss of $1.138 billion ($274 million without one-time expense) The bulk of this piece is going
Highlights from Lyft’s S1 Filing
Ride-sharing company Lyft filed its IPO and S1 on Friday, beating rival Uber to the public markets. The offering is one of potentially many in 2019 and has created high anticipation among the investing community. An S1 is the initial registration document all public U.S. stocks need to file with the SEC. The documents can be very interesting, as they force the company to disclose many things including their overall business plan, competition, and planned capital allocation. A