Originally Posted by
Santiago
They don't need to make a profit as long as investors are happy to back them to get bigger. Look at the Nasdaq one of these days- look at the stages many tech compaanies in the US go through. Xero are aiming for big rather than conservative. If they succeed, they'll succeed big. The signs are good. They may fail, sure. That's why you're not an investor, which is fair enough, but at least try and broaden your thinking beyond the performance you'd expect from a long-standing infrastructure company, which Xero is not. Investors, most of them from overseas now, back them to get really globally big and will tolerate unprofitability for some time yet based on that, and while they have that backing the most sensible decision the Board can make is to bank that and keep scaling up. Get used to it!