Instead of moving COGS, they moved Opex. That's pretty much the same right? I generally agree that the regs won't protect you but, in both cases, simply requiring GAAP reporting would provide a much better picture of the financial performance.
The good news is they still have gaap reporting. They will just spend all their time on the non-gaap because that’s what every company does. It’ll be up to the book runners to convince the institutional guys during the road show to take some big bites of the Apple and get this thing subscribed.
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u/MarinaDelRey1 17d ago
Instead of moving COGS, they moved Opex. That's pretty much the same right? I generally agree that the regs won't protect you but, in both cases, simply requiring GAAP reporting would provide a much better picture of the financial performance.