We generated net losses of $85.2 million, $104.5 million, and $154.1 million
in 2012, 2013, and 2014, respectively. As of December 31, 2014, we had an
accumulated deficit of $395.6 million. For the six months ended June 30, 2015,
we generated a net loss of $77.6 million. As of June 30, 2015, we had an
accumulated deficit of $473.2 million.
Could someone explain the motive to go public while operating in the losses? Isn't the public market more averse to companies operating in the negative.
Also wouldn't the timing act more as a distraction for Jack?
Also wouldn't the timing act more as a distraction for Jack?