Public companies are expected to issue notes about ongoing concerns that may materially affect their financial status. ![]() For one thing, that company says that it expects its operating expenses to increase significantly as it tries to boost its sales force and marketing efforts along with research and development in order to innovate its offerings.Īdditionally, the company is expected to incur additional expenses, on the back of accounting and legal spending necessary after going public last year. One reason for filing the prospectus, though, is that going forward it may find that financing is hard to come by, since it faces changed circumstances. It has, however, up to now been able to cover its expenses through financing - in addition to going public at the end of last year. MariaDB, according to statements in the filings, has had a history of losses and doesn’t foresee itself to be profitable in the short term. ![]() ![]() MariaDB made similar comments about seeking further financing in February when it reported a $13 million net loss for the quarter ending December 31, up about 7% from a year earlier.
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