This quarter showed continued progress on cost cutting, growth, and planting seeds for potential future growth. Underlying operating expenses excluding restructuring and impairment charges, supplier settlements, and the accrual of a one-time $75 million payment to DISH to settle a patent dispute fell to $407 million in the quarter. That is down from a peak of $697 million five quarters earlier. That is solid progress and there are more cuts to come.
Category Archives: Peloton Interactive
“Stock prices are the clearest and most reliable signal of the market’s expectations about a company’s future financial performance. The key to successful investing is to estimate the level of expected performance embedded in the current stock price and then assess the likelihood of a revision in expectations.” – Michael Mauboussin
It’s interesting to me how clear it was that Peloton was on this path towards cash flow breakeven yet the market refused to give it any credit until this quarter.
Some thoughts on Peloton’s fiscal first quarter
Some reading of the tea leaves
Some thoughts on Peloton after its fiscal fourth quarter
Some musings on Peloton
Some thoughts on Peloton after its fiscal third quarter
Some thoughts about Peloton potentially looking for more capital
Some thoughts on an insider’s exercise of options