>> Despite bringing in $124 million in annual revenue, Shinola is not yet
>> profitable. “We’re bleeding cash,” Panis admitted blithely. “It’s
>> costly to do what we’re doing. Everything is at top-of-the-line
>> quality. We’re cutting no corners.” However, Panis said Shinola has a
>> strategy for reaching profitability within the next few years, if
>> everything goes according to plan.
We had the most confusing ride home.
>> Despite bringing in $124 million in annual revenue, Shinola is not yet
>> profitable. “We’re bleeding cash,” Panis admitted blithely. “It’s
>> costly to do what we’re doing. Everything is at top-of-the-line
>> quality. We’re cutting no corners.” However, Panis said Shinola has a
>> strategy for reaching profitability within the next few years, if
>> everything goes according to plan.
We had the most confusing ride home.