SoftBank-backed Improbable records $82 million operating loss - Business Insider

SoftBank-backed software startup Improbable deepened its operating loss to $82 million in the year to June 2019, filings show.

The firm's gross margin percentage stood at a whopping -1,332% over the period, meaning the firm is spending a high amount for every pound earned. Improbable has developed cloud software called SpatialOS, intended to create large-scale simulations.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The $2 million Bentley Mulliner Bacalar has 650 horsepower and no roof - Business InsiderThe $2 million Bentley Bacalar is an ultra-exclusive, 650-horsepower two-seater that comes with 5,000-year-old wood accents and no option for a roof Good use of 5K old wood...a shift knob. Why use a 5000 year old wood? WHY? The colour 💓
Source: BusinessInsider - 🏆 729. / 51 Read more »

PRESENTING: Top apps, books, habits, and podcasts for small businesses - Business InsiderThe finalists of Amazon's small business of the year awards told us what apps, books, habits, and podcasts help them be better entrepreneurs.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How political organizing helped a business coach make 6 figures - Business InsiderHow a decade spent as a political organizer, including knocking on doors and making hundreds of calls, helped this business coach grow her own company to 6 figures in just 2 years (by EntryLevelRebel)
Source: BusinessInsider - 🏆 729. / 51 Read more »

SoftBank CEO hosts 'pre-IPO summit' in New York as he courts investorsSoftBank Group Corp Chief Executive Masayoshi Son held his first 'pre-IPO s...
Source: Reuters - 🏆 2. / 97 Read more »

SoftBank CEO tells U.S. investors he'll be more carefulSoftBank Group Corp Chief Executive Masayoshi Son, under pressure from hedge fun... How many times has he been burned? The WeWork thing should disqualify this clown from the right to invest semen into a gym sock, but ayyy who cares, we're on to the next tech boondoggle And shattered are the dreams of every other CEO full of bs to sell to him....
Source: Reuters - 🏆 2. / 97 Read more »

Modern Monetary Theory explained simply - Business InsiderBernie Sanders is being advised by a fan of an economic theory called MMT: Here's a plain-English guide to what it is and why it's interesting
Source: BusinessInsider - 🏆 729. / 51 Read more »