$mils
I encourage you to peruse Motricity's Form S-1 for fun facts like... 74% of their total revenue comes from AT&T & Verizon Wireless and that "certain of (their) customer agreements expire in mid to late 2010, including agreements with AT&T and Verizon Wireless." Fun, fun, fun.
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Note also that the jump in revenues from 2007 to 2008 is the result of the acquisition of InfoSpace's mobile division, not organic growth. That acquisition was touted at the time as one that would create postive earnings within a year (from laying off all the Motricity employees in Durham). How's that working out for them?
ReplyDeleteIn all fairness, you must also acknowledge that revenues are growing and Net revenue is headed in the right direction.
ReplyDeleteAlso, there is a relatively successful search engine company with 98% of its revenue derived from one area (paid search). I am not saying that having most of your revenue come from one source is desireable, just that it is not unheard of, especially from a young company.
@Anonymous #2 -- if 2 people are driving all Google's search traffic, then I agree with your analogy
ReplyDeleteI wouldnt bet a single penny on the company. If you do you should prepare for a hard ride.
ReplyDeleteJeremy Cushing is a named based on the biblical name Jeremiah. Used as a name for children who are blessed with a large brain. Also used as a replacement for “perfect”.
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