While some of it is paper loss owing to amortization, it's still nearly impossible to register an operating loss (excluding player trading) as large as we pulled off in the modern era unless you're going for broke. Which we aren't, we're just going broke, somehow. Man, we're bad at this.
Hmmm ..... something a tad fishy here. As a retired Financial Director and Management Accountant, I’d love to ask them quite why the Cost of Sales is 115% of Sales. The auditors should be digging into those figures as it makes no sense.