EMCA
Emerge EMPWR Sustainable Dividend Equity ETF
stock BATS

Yeah people just looking at blunt net income without any at least one-layer deeper context are just missing the plot. Let's take a contrived example:
* **ACME, inc.** has $10,000M in yearly revenues, $9,500M in yearly operating expenses, little/no capital expenditures, and spends only $100M/yr in R&D and expansion.
* **EMCA, inc.** has $10,000M in yearly revenues, $8,500M in yearly operating expenses, is raising rounds and capital aggressively, and spends $2,000M in yearly R&D and product expansion.
All else the same, which of these companies would you rather invest in?
ACME is profitable at 5%, while EMCA has negative net cashflow - but EMCA is by far the more appealing business. The former has little to no growth and is stagnant, whereas the latter *can be profitable at any time it so wishes*, while also aggressively pursuing revenue expansion.

Yeah people just looking at blunt net income without any at least one-layer deeper context are just missing the plot. Let's take a contrived example:
* **ACME, inc.** has $10,000M in yearly revenues, $9,500M in yearly operating expenses, little/no capital expenditures, and spends only $100M/yr in R&D and expansion.
* **EMCA, inc.** has $10,000M in yearly revenues, $8,500M in yearly operating expenses, is raising rounds and capital aggressively, and spends $2,000M in yearly R&D and product expansion.
All else the same, which of these companies would you rather invest in?
ACME is profitable at 5%, while EMCA has negative net cashflow - but EMCA is by far the more appealing business. The former has little to no growth and is stagnant, whereas the latter *can be profitable at any time it so wishes*, while also aggressively pursuing revenue expansion.