The real question is how can a company that is so pigeon holed as Upstart lending money through banking partners direct to consumers amounts ranging from 1K to 50K making lending decisions based on their AI algorithm be profitable and c3.ai who has a financial sectors module in their AI suite called Smart Lending and they still are so far from profitability. It would seem logical that if the company focused on providing this application to major financial banks and regional banks that they should be able to double their customer base in a very short timeframe and bring much larger revenues and hopefully maintain the high margins (78%) would lead to profitability.
Interviewer was much more excited about the stock/company!
I remember all too well Siebel Systems.
The real question is how can a company that is so pigeon holed as Upstart lending money through banking partners direct to consumers amounts ranging from 1K to 50K making lending decisions based on their AI algorithm be profitable and c3.ai who has a financial sectors module in their AI suite called Smart Lending and they still are so far from profitability. It would seem logical that if the company focused on providing this application to major financial banks and regional banks that they should be able to double their customer base in a very short timeframe and bring much larger revenues and hopefully maintain the high margins (78%) would lead to profitability.
Best quarter and paradigm shift for c3. No longer a believe me story. More like a count down to a launch to moon high valuation.
I see 38$