The end of Opera and the Opera web browser?
Posted: Mon 20 Jan 2020, 21:13
https://www.ghacks.net/2020/01/19/what- ... -software/
An analysis of Opera Software's performance by Hindenburg Research suggests that the company that is best known for its Opera web browser faces troubling times.
The company was acquired by a Chinese-based investor group in 2018 prior to its IPO and things have taken a turn for the worse since then. The company's browser gross margins "collapsed by 22.6% in just one year" and the company has "swung to negative $12 million in LTM operating cash flow" from a positive $32 million in the 2018 period.
The bulk of Opera's lending business is operated through applications offered on Google's Play Store according to Hindenburg Research and in "violation of numerous Google rules". The company concludes that these applications may be removed by Google at any time which in turn would cause Opera Software to lose a large part of the company's revenue.
An analysis of Opera Software's performance by Hindenburg Research suggests that the company that is best known for its Opera web browser faces troubling times.
The company was acquired by a Chinese-based investor group in 2018 prior to its IPO and things have taken a turn for the worse since then. The company's browser gross margins "collapsed by 22.6% in just one year" and the company has "swung to negative $12 million in LTM operating cash flow" from a positive $32 million in the 2018 period.
The bulk of Opera's lending business is operated through applications offered on Google's Play Store according to Hindenburg Research and in "violation of numerous Google rules". The company concludes that these applications may be removed by Google at any time which in turn would cause Opera Software to lose a large part of the company's revenue.