While the online personal-shopping service lost $594,000 in its last fiscal year, it racked up net income of $33.2 million and $20.9 million during the two previous years. Financials like that are sure to pique the interest of investors who see a pattern.
Only a quarter of the technology companies that listed in 2015 and 2016 were profitable and just 17 percent in 2014, according to analysis by Jay Ritter, a professor at the University of Florida
’s business school. The last time we saw these levels? Just before the dot-com bubble burst and the year before the recession.