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SoftBank-backed Improbable records $82 million operating loss - Business Insider

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SoftBank-backed Improbable deepened its operating loss to $82 million in 2019 thanks to hiring, R&D spend, and expansion

SoftBank-backed software startup Improbable deepened its operating loss to $82 million in the year to June 2019, filings show.

The firm's gross margin percentage stood at a whopping -1,332% over the period, meaning the firm is spending a high amount for every pound earned. Improbable has developed cloud software called SpatialOS, intended to create large-scale simulations.

 

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