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Mr. Shulman said the company is currently profitable in New York and is approaching profitability in other cities.
As they reach the stage when they're approaching profitability, fast-growth companies have a choice: They can either focus on profits or on market share and scale.
If an online radio service with the listeners, technological backbone and advertising sales force of AOL is just approaching profitability, it is fairly easy to see why terrestrial radio stations have been slow to embrace the Web.
While Ms. Moore has to invest in new projects to put future earnings growth in the pipeline, she was apparently unwilling to stick with a magazine that was not soon approaching profitability.
Attracting a younger, more exuberant crowd than those at Feinstein's or the Café Carlyle, 54 Below is fulfilling its goal of becoming "Broadway's clubhouse" and is "approaching profitability" in the words of Thomas Viertel and Richard Frankel, two of its managing and producing partners.
Are you approaching profitability yet?
The company is already "approaching profitability pretty rapidly," Wild said.
ChaCha says that they are approaching profitability on a per-call basis, though.
They are rumored to be approaching profitability after making headcount cuts earlier this year.
Even decent prospects approaching profitability will be on the chopping block.
So Egnyte is growing, has a new product focus, and is approaching profitability.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com