But shares didn’t collapse because the company had strung together a perfect score of annual losses during its four years as public company on top of the years before it went public. With today’s earnings report for Q3 – another loss – it is on track to perpetuate its perfect record of losses for the current year.
And shares didn’t collapse because they were trading at 23 times revenues, which is ridiculous, and they should have collapsed long ago and should have never gotten this high.
No, shares collapsed because the revenue in Q3 came in as expected, “billings” in Q3 came in short, the forecast for Q4 disappointed analysts, and “the environment shifted more quickly than we anticipated.”DocuSign, Worth $46 billion at 4 p.m., Plunges 30% Afterhours as “the Environment Shifted More Quickly than We Anticipated” | Wolf Street
Is this an example of what is coming in the near future, as ZOMBIE companies who make no profit, see their share prices collapse?