tlw
This information has been posted before on this forum, but some people appear to have missed it.
The situation when Roland sold Cakewalk to Gibson (and for not very much money) is outined in the document that confirms the letter of intent to transfer ownership - it’s what the two parties to the sale agreed the situation was.
The document is here - https://www.roland.com/Ro.../pdf/2013/20130924.pdf
It shows that Cakewalk’s operating income was minus $167,000 in 2010 minus $301,000 in 2011 and minus $851,000 in 2012. That’s increasing losses in each of the three years prior to the sale. Net income was lower than that in all three years.
I don't know where you're getting your dollar figures from because this document clearly states they DO NOT disclose dollar amount per share.
Now I'm no expert financial analysis..
But the 'BOTTOM LINE" clearly shows a steady, however small increase in net profits per year, while the number of units sold decreased from 10,307 in 2010 to 6069 in 2012.
Clearly poor metrics Wall St. Banksters don't want to see or invest in.
However..
In 2010
Net INCOME was .06 per dollar. Six cents per dollar.
In 2011
Net INCOME rose to .14 per dollar. Fourteen cents per dollar, and more than doubled.
In 2012
Net INCOME rose to .29 per dollar. Twenty nine cents per dollar, and again, more than doubled.
Clearly not windfall profits typically expected by the stock exchange money changers. ( Ya know the type that would rush to invest in a Taylor Swift type and shun and ignore any new upstart talent.)
But even with a downward projectory in a very saturated DAW market with such an unpredictable and fickle fan base.
Cakewalk has not only managed to sustain itself, but modestly profited.
So only time will tell if Bandlab can come up with a solution to make Cakewalk's profit margin rise in an upward projectory..
It's certainly possible considering SONAR doesn't actually need any further immediate developments, considering it's probably still by far the most technologically advanced feature rich DAW made, and fully customizable to personal workflows.
Even really excellent super star DAW's like Presonus's Studio ONE 3.5 are closing in, but still not as feature rich.
Cakewalk can in fact still rise to the top and be taken seriously and survive through the increase of massive promotional hype "Marketing" Tsunami of DAW competition.
It's not like it hasn't happened before.