An analysis of Opera Software's performance by Hindenburg Research suggests that the company that is best known for its Opera web browser faces troubling times.
The company was acquired by a Chinese-based investor group in 2018 prior to its IPO and things have taken a turn for the worse since then. The company's browser gross margins "collapsed by 22.6% in just one year" and the company has "swung to negative $12 million in LTM operating cash flow" from a positive $32 million in the 2018 period.
It is too early to come to a final conclusion. The claims made by Hindenburg Research need to be be looked at and it remains to be seen how Opera will react to the report.If the allegations are true, it could potentially mean the end of Opera and the Opera web browser.
https://www.ghacks.net/2020/01/19/what-is-going-on-at-opera-software/