"We have incurred significant losses since inception and may never achieve profitability" is pretty standard in S-1s. Nothing particularly interesting in these sentences.
This exact comment chain seemingly occurs in every S1 post.
A long time ago, in a galaxy far far away, companies going public used to already make at least _some_ money...
A more civilized age.
Zoom is a profitable company that plans to IPO this year: "Zoom has the very rare and valuable financial profile -- it's growing at over 100% a year and it's profitable" [1], they're not extinct!