Hmm, somehow it feels like the days of Prohibition: alcohol was banned, but consumption continued nonetheless. Legal distilleries had to make way for illegal ones, so increasing regulation could actually become a serious problem for Evo, as they operate on the legal side.
Thats for that timely and detailled analyis.
Management mentioned in the call the increase of share in regulated markets relates to Brazil becoming a regulated market.
The Canada office mainly serves Asia, so that is skewing your rev/headcountn a bit
Hi Nick, I did not know this. Do you mean the studio staff or the sales org in Canada?
Studio staff. Just look at the languages they hire for BC, its a big studio for serving China/Japan/Korea
I had not noticed this. Thank you for the great insight!
Hmm, somehow it feels like the days of Prohibition: alcohol was banned, but consumption continued nonetheless. Legal distilleries had to make way for illegal ones, so increasing regulation could actually become a serious problem for Evo, as they operate on the legal side.