> The year we started, our gross margins were 4.6 percent. Today, they're in... | Hacker News

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antirez on Sept 27, 2009 | parent | context | favorite | on: Meet the man who sells $89 million of diapers each...

> The year we started, our gross margins were 4.6 percent. Today, they're in the teens.

Does this mean that they earn 8.9 million every year? Or the headline mentioning "89M $" is already a "clean income" figure?

nobody_nowhere on Sept 27, 2009 [–]

I read the 89M as a topline gross revenue -- so 11.57M if that "teens" (i.e. 13%) figure applies to the past year. He's more or less admitting he can't scale while retaining that, but it's still a nice chunk of change to reinvest into growth.

antirez on Sept 28, 2009 | [–]

Thanks

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