• While the company still makes a substantial loss and loses cash, it can afford to do that given its iron-strong balance sheet.
• With revenues growing at nearly 40%, leverage will start to kick in soon.
• The company is clearly gaining traction and its IdentityLink solution is benefiting from network effects.
• The only negative we can see is the sky-high share-based compensation.

Source: LiveRamp Is Ramping Up – LiveRamp Holdings, Inc. (NYSE:RAMP) | Seeking Alpha