"profitable without COGS" doesn't actually mean anything at all does it?
Profitable without Capex, i.e. gross margin. Inference is included in COGS. Capex (training) is not. That's reasonable.
Is that basically: We'd be making money, if we didn't have to build the product?
Profitable without Capex, i.e. gross margin. Inference is included in COGS. Capex (training) is not. That's reasonable.