Published: 8/24/2023 8:43:32 AM
Redeye comments on Beyond Frames Q2 2023 report, where net sales and profitability came in above estimates. However, the large increase in sales is also due to a different accounting structure, which captures all revenues before platform fees and rev-share agreements (we account for net sales after those fees). Despite that, we are encouraged to see Beyond Frames posting positive profitability.
Link to the analysis