I’m not in accounting, but having a small profit margin too many years in a row isn’t good when your expenses are as big as what CIG has.
We know they’re still doing okay because these numbers are from ~2 years ago, but they did shut down the Los Angeles office which doesn’t exactly spark confidence.
Couple that with the put options that are in place (where some major investers can cash out) for 2024, 2025, and 2028 and there can definitely be a squeeze if the investors decide they want to cash out.
On the bright side, their funding is already breaking records (again) this year, and hopefully their expenses will be lower which will allow the game a better cushion to weather any bad years or when investors demand returns.
I’m not in accounting, but having a small profit margin too many years in a row isn’t good when your expenses are as big as what CIG has.
We know they’re still doing okay because these numbers are from ~2 years ago, but they did shut down the Los Angeles office which doesn’t exactly spark confidence.
Couple that with the put options that are in place (where some major investers can cash out) for 2024, 2025, and 2028 and there can definitely be a squeeze if the investors decide they want to cash out.
On the bright side, their funding is already breaking records (again) this year, and hopefully their expenses will be lower which will allow the game a better cushion to weather any bad years or when investors demand returns.