"We may never achieve profitability..."

We have a history of operating losses and may not achieve or sustain profitability in the future.
— From the S-1 Forms of any loss-making startups hitting IPO

I don’t know why journalists make such a big fuss about this sentence that’s a staple of the S-1 forms of every single loss-making startup hitting IPO in US.

This sentence is usually found in the risk sections and is nothing more than a reminder that “The company has yet to have a profitable year since inception”. Since it has not happened before, of course, there’s no guarantee that it’ll happen in the future.

It takes only one fiscal year of profitability in the future to invalidate this sentence, just like it takes only 1 black swan to prove its existence. Making a big deal out of this sentence is totally missing the big picture.

Uber should be very happy with Lyft's IPO result

Uber should be very happy with Lyft's IPO result

Lyft S-1 Form : How much do "incentive programs" for passengers/drivers actually cost?