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$BYND It's really crass how the market celebrates the figures - although everything is better than expected, the company is still fundamentally a complete catastrophe and doomed @DonkeyInvestor. Sales fall YoY by 20.6%, QoQ by 3.1%. Gross margin still negative at 3.7%. At least CoGS are falling, but still not strongly enough. On the positive side, OpEx down 31.7% YoY. Operating Margin accordingly at "only" 82%. Adjusted EBITDA is at - 70%. Inventories are of course also only slightly declining and need almost 3 quarters of sales until inventories are empty,
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@Krush82 Exactly, that's all true. However, the market had previously priced in worse figures due to many events. Apparently, people were surprised by the outcome. I can't quite understand that either. Also, there is the prospect of further growth for the year and I think that exactly this outlook ensures that the share has risen so much.
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