In the sense that they take large amounts of money from VCs, don't ship a product, don't make a profit, and then clean up their books and start another company eventually, yeah. OTOH, if you're one of their investors, you might have a better look at their business model than me, so I could well be completely wrong. They've never gone public, so what would I know?
More importantly, they never really cared about making a profit. Their main goal has always been reverse engineering the neocortex. And regarding "shipping a product", both production-ready [0], and research [1] codebases are both open source, and being actively worked on.
Next time please refrain from making bold claims about companies you know very little about.
[0] https://github.com/numenta/nupic [1] https://github.com/numenta/nupic.research