Cerebras Systems CFO Says Co's Q2 Adj. Gross Margin Would Have Been 500 Bps Higher If It Had Not Had Higher Costs Due To Increasing Its Cloud Capacity By Renting Back More Of Its System
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Why It Matters
Cerebras spent extra money in Q2 to rent back more of its powerful computers to customers, which made its profit look smaller than it could have been. When you hear a company explain why their numbers look a certain way, it helps you understand if the business is actually getting stronger underneath.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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