Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Reversion to the mean. Stock splits are non-event from a valuation perspective. $95 - $100 is where it was pre-split announcement. Expect it to find some flooring around there.
Investing General Discussion
- Thread starter Furious
- Start date
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Long thread. Lots of info for Palantir from their SEC Filing.
PLTR is supposed to trade on Weds. Pricing is in the $11.50 per share range to open. 225 million shares to be offered. Here is some stuff I dug from their S1 filing. Revenue is increasing while operating costs are staying near flat. That is a good sign as they are making more in sales without paying more for it. 2020 1st half revenue increases 49% while cutting their net loss almost in half. They are actually positive profit if you exclude the stock-based compensation. They have just over a billion in working capital and just under 300 million in debt. At the 2020 burn rate they have about 3 years of cash before the IPO infusion.
Financial info -
"We generated $742.6 million in revenue in 2019, reflecting an increase of 25% from our revenue in 2018, which was $595.4 million. In the first half of this year alone, during a period of significant geopolitical instability and economic contraction, we generated $481.2 million in revenue, reflecting a growth rate of 49% over the same period last year.
The scale of our partnerships with customers, in revenue terms, has also grown over time. In 2019, our average revenue per customer was $5.6 million, and the average revenue for our top twenty customers, by revenue generated in 2019, was $24.8 million.
Our operating results have improved significantly in recent years. In 2019, we incurred a net loss of $579.6 million, or a net loss of $337.7 million when excluding stock-based compensation. In H1 2020, our net loss decreased to $164.7 million, or net income of $17.2 million when excluding stock-based compensation, down from a loss of $280.5 million in H1 2019, or a loss of $167.6 million when excluding stock-based compensation"
We build software platforms for large institutions whose work is essential to our way of life. Those institutions must be able to function in times of stability as well as crisis and uncertainty. To do so, they need software that works.
We were founded in 2003 and started building software for the intelligence community in the United States to assist in counterterrorism investigations and operations. We later began working with commercial enterprises.
We have built two principal software platforms, Palantir Gotham (“Gotham”) and Palantir Foundry (“Foundry”). Gotham, our first software platform, was constructed for analysts at defense and intelligence agencies. They were hunting for needles not in one, but in thousands of haystacks. And they did not have the software they needed to do their jobs. In Afghanistan and Iraq, soldiers were mapping networks of insurgents and makers of roadside bombs by hand.
Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, and helps U.S. and allied military personnel find what they are looking for. We later found that the challenges faced by commercial institutions when it came to working with data were fundamentally similar. Companies routinely struggle to manage let alone make sense of the data involved in large projects. Foundry was built for them. The platform transforms the ways in which organizations interact with information by creating a central operating system for their data.
Our software is on the front lines, sometimes literally, and that means so are we. Gotham’s use has now extended beyond intelligence analysis into defense operations and mission planning. And Foundry is becoming the central operating system not only for individual institutions but for entire industries.
The stakes are high. The challenges our platforms address are a matter of survival, both for the institutions we serve and the individuals who depend on them. We have the privilege of partnering with some of the world’s most important government and commercial organizations. And we believe that the work of those organizations is essential to our security and the lives that we lead.
We are committed to ensuring that our software is as effective as possible without ever compromising our values. Our platforms were built from the start to protect individual privacy and prevent the misuse of information. We are not in the business of collecting, mining, or selling data. We build software platforms that enable our customers to integrate their own data — data that they already have.
The same technology that makes our software so analytically powerful — its ability to construct a model of the real world from countless data points — is what allows our customers to monitor, properly secure, and control access to that data and its use. It is also why customers, including governments around the world, trust our platforms to safeguard their data, including their most sensitive information.
In H1 2020, our platforms were used by 125 customers, including some of the largest and most significant institutions in the world. Gotham and Foundry enable these institutions to transform massive amounts of information into an integrated data asset that reflects their operations. Users can build on top of this asset to make data accessible and actionable. Our platforms enable people, whether they are workers on an assembly line or soldiers in the field, to work with data, even if they have never written a line of code.
Our software is used by customers across 36 industries and in more than 150 countries. Our government work is central to defense and intelligence operations in the United States and its allies abroad. On the commercial front, we work with some of the world’s most durable and important companies across industries, including in the energy, transportation, financial services, and healthcare sectors. And our market opportunity is significant. We estimate our total addressable market to be approximately $119 billion across the commercial and government sectors.
We generated $742.6 million in revenue in 2019, reflecting an increase of 25% from our revenue in 2018, which was $595.4 million. In the first half of this year alone, during a period of significant geopolitical instability and economic contraction, we generated $481.2 million in revenue, reflecting a growth rate of 49% over the same period last year.
The scale of our partnerships with customers, in revenue terms, has also grown over time. In 2019, our average revenue per customer was $5.6 million, and the average revenue for our top twenty customers, by revenue generated in 2019, was $24.8 million.
Our operating results have improved significantly in recent years. In 2019, we incurred a net loss of $579.6 million, or a net loss of $337.7 million when excluding stock-based compensation. In H1 2020, our net loss decreased to $164.7 million, or net income of $17.2 million when excluding stock-based compensation, down from a loss of $280.5 million in H1 2019, or a loss of $167.6 million when excluding stock-based compensation.
The improvements in our operating results have principally been driven by increasing revenue and a significant decrease in the time and number of software engineers required to install and deploy our software platforms.
In particular, the time required to install our software and begin working with a customer has decreased more than five-fold since Q2 2019 to an average of 14 days in Q2 2020. In some cases, our customers can now be up and running in six hours. We have also invested heavily in developing the infrastructure used to deliver software updates to our customers. As a result, the number of upgrades our engineers can manage across installations more than doubled from an average of 20,000 per week in Q2 2019 to more than 41,000 per week in Q2 2020.
The broader momentum of our business is the result of the strength of our software platforms. And the need for software that works has never been greater.
The systemic failures of government institutions to provide for the public — fractured healthcare systems, erosions of data privacy, strained criminal justice systems, and outmoded ways of fighting wars — will continue to require both the public and private sectors to transform themselves. We believe that the underperformance and loss of legitimacy of many of these institutions will only increase the speed with which they are required to change.
Other software companies have incorrectly assumed that the future will look like the past, forming their strategies based on assumptions about a world that no longer exists. A focus on targeted analytical tools and optimizing specific functions within complex organizations is insufficient. We believe that software must connect the entire enterprise. Our most critical institutions cannot wait a year or longer for a promised application or bespoke solution to be developed. Those options are often obsolete before they are even delivered.
PLTR is supposed to trade on Weds. Pricing is in the $11.50 per share range to open. 225 million shares to be offered. Here is some stuff I dug from their S1 filing. Revenue is increasing while operating costs are staying near flat. That is a good sign as they are making more in sales without paying more for it. 2020 1st half revenue increases 49% while cutting their net loss almost in half. They are actually positive profit if you exclude the stock-based compensation. They have just over a billion in working capital and just under 300 million in debt. At the 2020 burn rate they have about 3 years of cash before the IPO infusion.
Financial info -
"We generated $742.6 million in revenue in 2019, reflecting an increase of 25% from our revenue in 2018, which was $595.4 million. In the first half of this year alone, during a period of significant geopolitical instability and economic contraction, we generated $481.2 million in revenue, reflecting a growth rate of 49% over the same period last year.
The scale of our partnerships with customers, in revenue terms, has also grown over time. In 2019, our average revenue per customer was $5.6 million, and the average revenue for our top twenty customers, by revenue generated in 2019, was $24.8 million.
Our operating results have improved significantly in recent years. In 2019, we incurred a net loss of $579.6 million, or a net loss of $337.7 million when excluding stock-based compensation. In H1 2020, our net loss decreased to $164.7 million, or net income of $17.2 million when excluding stock-based compensation, down from a loss of $280.5 million in H1 2019, or a loss of $167.6 million when excluding stock-based compensation"
PALANTIR TECHNOLOGIES INC.
We build software platforms for large institutions whose work is essential to our way of life. Those institutions must be able to function in times of stability as well as crisis and uncertainty. To do so, they need software that works.
We were founded in 2003 and started building software for the intelligence community in the United States to assist in counterterrorism investigations and operations. We later began working with commercial enterprises.
We have built two principal software platforms, Palantir Gotham (“Gotham”) and Palantir Foundry (“Foundry”). Gotham, our first software platform, was constructed for analysts at defense and intelligence agencies. They were hunting for needles not in one, but in thousands of haystacks. And they did not have the software they needed to do their jobs. In Afghanistan and Iraq, soldiers were mapping networks of insurgents and makers of roadside bombs by hand.
Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, and helps U.S. and allied military personnel find what they are looking for. We later found that the challenges faced by commercial institutions when it came to working with data were fundamentally similar. Companies routinely struggle to manage let alone make sense of the data involved in large projects. Foundry was built for them. The platform transforms the ways in which organizations interact with information by creating a central operating system for their data.
Our software is on the front lines, sometimes literally, and that means so are we. Gotham’s use has now extended beyond intelligence analysis into defense operations and mission planning. And Foundry is becoming the central operating system not only for individual institutions but for entire industries.
The stakes are high. The challenges our platforms address are a matter of survival, both for the institutions we serve and the individuals who depend on them. We have the privilege of partnering with some of the world’s most important government and commercial organizations. And we believe that the work of those organizations is essential to our security and the lives that we lead.
We are committed to ensuring that our software is as effective as possible without ever compromising our values. Our platforms were built from the start to protect individual privacy and prevent the misuse of information. We are not in the business of collecting, mining, or selling data. We build software platforms that enable our customers to integrate their own data — data that they already have.
The same technology that makes our software so analytically powerful — its ability to construct a model of the real world from countless data points — is what allows our customers to monitor, properly secure, and control access to that data and its use. It is also why customers, including governments around the world, trust our platforms to safeguard their data, including their most sensitive information.
In H1 2020, our platforms were used by 125 customers, including some of the largest and most significant institutions in the world. Gotham and Foundry enable these institutions to transform massive amounts of information into an integrated data asset that reflects their operations. Users can build on top of this asset to make data accessible and actionable. Our platforms enable people, whether they are workers on an assembly line or soldiers in the field, to work with data, even if they have never written a line of code.
Our software is used by customers across 36 industries and in more than 150 countries. Our government work is central to defense and intelligence operations in the United States and its allies abroad. On the commercial front, we work with some of the world’s most durable and important companies across industries, including in the energy, transportation, financial services, and healthcare sectors. And our market opportunity is significant. We estimate our total addressable market to be approximately $119 billion across the commercial and government sectors.
We generated $742.6 million in revenue in 2019, reflecting an increase of 25% from our revenue in 2018, which was $595.4 million. In the first half of this year alone, during a period of significant geopolitical instability and economic contraction, we generated $481.2 million in revenue, reflecting a growth rate of 49% over the same period last year.
The scale of our partnerships with customers, in revenue terms, has also grown over time. In 2019, our average revenue per customer was $5.6 million, and the average revenue for our top twenty customers, by revenue generated in 2019, was $24.8 million.
Our operating results have improved significantly in recent years. In 2019, we incurred a net loss of $579.6 million, or a net loss of $337.7 million when excluding stock-based compensation. In H1 2020, our net loss decreased to $164.7 million, or net income of $17.2 million when excluding stock-based compensation, down from a loss of $280.5 million in H1 2019, or a loss of $167.6 million when excluding stock-based compensation.
The improvements in our operating results have principally been driven by increasing revenue and a significant decrease in the time and number of software engineers required to install and deploy our software platforms.
In particular, the time required to install our software and begin working with a customer has decreased more than five-fold since Q2 2019 to an average of 14 days in Q2 2020. In some cases, our customers can now be up and running in six hours. We have also invested heavily in developing the infrastructure used to deliver software updates to our customers. As a result, the number of upgrades our engineers can manage across installations more than doubled from an average of 20,000 per week in Q2 2019 to more than 41,000 per week in Q2 2020.
The broader momentum of our business is the result of the strength of our software platforms. And the need for software that works has never been greater.
The systemic failures of government institutions to provide for the public — fractured healthcare systems, erosions of data privacy, strained criminal justice systems, and outmoded ways of fighting wars — will continue to require both the public and private sectors to transform themselves. We believe that the underperformance and loss of legitimacy of many of these institutions will only increase the speed with which they are required to change.
Other software companies have incorrectly assumed that the future will look like the past, forming their strategies based on assumptions about a world that no longer exists. A focus on targeted analytical tools and optimizing specific functions within complex organizations is insufficient. We believe that software must connect the entire enterprise. Our most critical institutions cannot wait a year or longer for a promised application or bespoke solution to be developed. Those options are often obsolete before they are even delivered.
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Its not a normal IPO luckily. Insiders arent getting cheap shares. They are issuing the shares directly to the market. Normal supply and demand will do what it does. Im going to work tomorrow on what a fair valuation is and what I am willing to pay. The SNOW fiasco has me concerned these shares will do something stupid.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Bank money laundering scandal for North Korea taking a toll today as is the uncertainty of the SCOTUS seat. Time to shop for bargains.
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
Vaporware is what we call it when its a few piddly million involved in an online game. Securities fraud is what we call it when it involves tens of billions in a public corporation.
finance.yahoo.com
Tesla competitor Nikola's stock craters after founder Trevor Milton resigns chairmanship
Trevor Milton says the 'focus should be on the company' and tha the intends to defends himself against 'false allegations.'
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
More than that. He is now no longer considered an "insider" and I believe will not longer be held to lockup on selling his shares.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
MSFT buying Bethesda Softworks.
Microsoft to Buy Video-Game Maker ZeniMax Media for $7.5 Billion
Microsoft Corp. (MSFT) will buy ZeniMax Media, parent company of video-game publisher Bethesda Softworks, for $7.5 billion in cash, Microsoft(MSFT) said Monday.
The acquisition will include ZeniMax's offices and studios with more than 2,300 employees, according to Microsoft(MSFT). The acquisition will grow Microsoft's(MSFT) gaming operations to 23 creative studio teams, from 15 now. The deal will also add ZeniMax video-game franchises to Microsoft's(MSFT)Xbox Game Pass.
ZeniMax video-game franchises include "The Elder Scrolls," "Fallout," "DOOM" and "Starfield."
Microsoft (MSFT) Chief Executive Satya Nadella called gaming "the most expansive category in the entertainment industry."
The deal is expected to close in the second half of fiscal 2021, Microsoft(MSFT) said.
Microsoft to Buy Video-Game Maker ZeniMax Media for $7.5 Billion
Microsoft Corp. (MSFT) will buy ZeniMax Media, parent company of video-game publisher Bethesda Softworks, for $7.5 billion in cash, Microsoft(MSFT) said Monday.
The acquisition will include ZeniMax's offices and studios with more than 2,300 employees, according to Microsoft(MSFT). The acquisition will grow Microsoft's(MSFT) gaming operations to 23 creative studio teams, from 15 now. The deal will also add ZeniMax video-game franchises to Microsoft's(MSFT)Xbox Game Pass.
ZeniMax video-game franchises include "The Elder Scrolls," "Fallout," "DOOM" and "Starfield."
Microsoft (MSFT) Chief Executive Satya Nadella called gaming "the most expansive category in the entertainment industry."
The deal is expected to close in the second half of fiscal 2021, Microsoft(MSFT) said.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607
This is why I sell covered calls on my DAL. I sold them last week for 33 cents and just bought them to close at 3 cents. It sounds like piddly money but it adds up doing it every week or two. I have made almost 8% profit on my DAL investment just on selling covered calls.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,522
- 107,607