00:00Oura made money last year. Its income statement says it lost $924.3 million.
00:07The bottom line looks strange. For the nine months through June, the income statement first
00:14shows real net income of $60.8 million. It then shows a separate $985 million
00:22deemed dividend to holders of redeemable convertible preferred stock.
00:27Below that line, net loss attributable to common stockholders becomes $924.3 million.
00:36Those are different measures presented sequentially in the same income statement.
00:41Operating results first, then a preferred stock item, then the amount attributed to common shareholders.
00:49Watch the full breakdown, tap the related video.
