Welcome to the 43rd edition of the monthly transparency report (for August 2018). This series is all about bringing you up to speed with what’s been going on in the company, the exciting new projects we’ve been taking part in, plus thoughts and learnings from the world of WordPress business. Click here to see the previous reports.
Revenue is vanity. Profit is sanity. Cash is reality.
Before jumping into the latest news, I want to show you the above quote (by Greg Savage, I believe). I feel this sort of thing really needs to be said more often.
I resonate with this statement in particular since it relates to the current context the business is in. While our revenue is significant, our profit rate isn’t all that great, and our cash reserves are even worse. But enough with the negativity! August was actually quite excellent for us! Here’s everything:
