“While it sounds impressive to grow revenue by $350k, it’s a little less exciting that I’m only walking away with $6k in profit.”
TinyPilot grew 76% to $812k in revenue in 2022 and netted $5,979. Raw materials, payroll and a vendor three times pricier than the last one ate everything else. Lynch pays himself no salary, so $6k is his whole year. Growth looks great in a chart and terrible in a bank account.