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QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. Why did QuantumScape's stock skyrocket in 2020? It also declared its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) would turn positive by 2027.
BigBear.ai (NYSE: BBAI) , a developer of data mining and analytics tools, went public by merging with a special purpose acquisition company (SPAC) on Dec. Its investors retreated as its growth cooled off, it broadly missed its pre-merger targets, and it racked up steep losses. Its stock opened at $9.84 on April 13, 2022.
QuantumScape (NYSE: QS) and ChargePoint Holdings (NYSE: CHPT) were both red-hot stocks during the buying frenzy in electric vehicle (EV) stocks in late 2020 and early 2021. QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. Its shares opened at $24.80
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition company (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. It relocated its headquarters to California in 2013.
QuantumScape (NYSE: QS) was one of the hottest electric vehicle (EV) stocks of 2020. The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. 27, 2020, and its stock opened at $24.80 billion in late 2020 -- even though it didn't generate any revenue yet.
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. went public, it provided some ambitious growth targets in its pre-merger presentation. BigBear.ai's prospects sounded promising, but it broadly missed its rosy pre-merger targets. and climbed to an all-time high of $16.12
21, 2020, many investors hailed it as the " Amazon (NASDAQ: AMZN) of real estate" because its online marketplace streamlined the home buying process by making instant cash offers for homes, repairing the properties, and relisting them for sale. Its revenue fell 46% in 2020 as the pandemic disrupted the housing market, but soared 211% to $8.0
Despite that benefit, its stock never recovered from its high in early 2020 amid a pandemic and rising interest rates. This means the tenant pays the maintenance, taxes, and insurance costs, easing the burden on Realty Income. Furthermore, the Spirit Realty acquisition has boosted its financials. and seven European countries.
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
The company specializes in net leasing of single-tenant commercial properties, meaning the tenant covers maintenance, insurance, and tax costs. After acquiring just over 2,000 properties from the merger with Spirit Realty, Realty Income's property portfolio has grown to around 15,500 properties. per share in February 2020.
The diversified REIT signs long-term net leases with tenants, making them responsible for variable costs like maintenance, building insurance, and real estate taxes. That's a significant acceleration from the rent growth the company experienced in 2020 and 2021. billion acquisition of a non-traded REIT it managed.
The enterprise AI software company went public by merging with a special purpose acquisition company ( SPAC ), and its stock opened at $9.84 In a pre-merger presentation, BigBear.ai In a pre-merger presentation, BigBear.ai from 2020 to 2023, its gross margin dropped to 26%, and its adjusted EBITDA turned negative.
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. In 2020, the pandemic caused its home sales to grind to a halt. Metric 2020 2021 2022 9M 2023 Revenue $2.6 billion $8.0 billion $15.6 billion $6.1 YOY = year over year.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 But in 2023, the company's revenue plunged, its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) margin declined, and it stayed unprofitable. billion $8.0
The maker of electric semi-trucks was a red-hot stock during the buying frenzy in speculative stocks in 2020, but it ran out of juice after it missed its production forecasts. Nikola 's (NASDAQ: NKLA) stock has plunged nearly 99% over the past three years. After that steep decline, Nikola's stock now trades at just 2 times this year's sales.
SoundHound went public by merging with a special purpose acquisition company ( SPAC ) two years ago. In a pre-merger presentation, SoundHound claimed it could grow its revenue at a compound annual growth rate (CAGR) of 104% from $13 million in 2020 to $110 million in 2023 as it expanded its gross margin from 55% to 77%.
First, prior to this decline, the company's ratio of enterprise value (EV) to earnings before interest, taxes, depreciation, and amortization (EBITDA) was at an all-time high of 24. MTYFF Free Cash Flow data by YCharts Making 27 acquisitions worth more than $1.7 However, MTY doesn't spend all of its FCF on mergers and acquisitions.
SoundHound AI (NASDAQ: SOUN) went public by merging with a special-purpose acquisition company (SPAC) on April 28, 2022. During its pre-merger presentation, SoundHound predicted that its revenue would rise from $13 million in 2020 to $20 million in 2021, and then grow to $28 million in 2022.
Energy Transfer, on the other hand, cut its distribution in half in 2020 as the energy industry faced difficult times during the early days of the pandemic. For example, its ratio of debt to EBITDA ( earnings before interest, taxes, depreciation, and amortization ) is generally among the lowest of its closest peer group.
After income taxes, it converted 66% of sales into net income. But given the recent acquisition, it might not issue another special dividend until 2026. Over the last five years, Texas Pacific has issued special dividends in 2020, 2022, and 2024, so there's reason to believe the even-year pattern should continue.
Unlike AT&T and Verizon , which expanded their wireless networks to reduce their dependence on wireline connections, Lumen shunned the wireless market and expanded its wireline business through a series of mergers and acquisitions. Lumen expected to generate slow but steady growth as economies of scale kicked in.
A lot of that has been through acquisitions, with Builders FirstSource doing a massive deal in 2020 and completing 14 smaller purchases in the last two years alone to rapidly expand both its product portfolio and its geographic reach. billion in cash between 2024 and 2026 on share repurchases and continued acquisitions.
SoFi stock: Down 61% from its high Jennifer Saibil : I was wary of the hype surrounding SoFi Technologies (NASDAQ: SOFI) when it went public through a merger with a special purpose acquisition company ( SPAC ) in June of 2021. It was untested, with an astronomical valuation and no profits. Revenue grew 18% year over year to reach $3.4
billion merger with Spirit Realty Capital in an all-stock transaction in October, which closed subsequent to year-end on January 23rd. And importantly, together with the Spirit merger, set us up to deliver a compelling earnings growth backdrop in 2024. Third, and in addition to the achievements noted above, we also announced the $9.3
SoFi Technologies (NASDAQ: SOFI) , a provider of online financial services, went public by merging with a special purpose acquisition company ( SPAC ) on June 1, 2021. Like many other SPAC-backed start-ups, SoFi lost its luster after it missed its own ambitious pre-merger forecasts. million at the end of 2020 to 8.77
The sales figure was up 5% year over year, but adjusted earnings before interest, taxes, earnings before interest, taxes, depreciation, and amortization ( EBITDA ) was flat compared to a year prior and gross margin fell by 10 basis points to 21.6%. Wesco earned $3.71 per share on revenue of $5.75 per share on sales of $5.4
Despite this track record of success -- along with earnings before interest, taxes, depreciation, and amortization ( EBITDA ) and FCF growth of 81% and 73% over the last five years -- the share price for MTY stock trading over the counter in the U.S. is down 40% from its high. percentage points.
Nerdy (NYSE: NRDY) disappointed a lot of investors after it went public by merging with a special purpose acquisition company (SPAC) in September 2021. The company's revenue only rose 15% in 2020 as the closures of schools and testing centers during the pandemic lockdowns curbed its growth. on the first day. Image source: Getty Images.
But instead of following that trend and expanding into the wireless market, Lumen doubled down on the legacy wireline market through a series of mergers and acquisitions while expanding its portfolio of cloud, security, and collaboration services for enterprise customers. Metric 2020 2021 2022 2023 (Forecast) Total revenue $20.7
In early 2020, people around the world experienced a life-changing event as the COVID-19 pandemic struck. Shares of Teladoc soared from roughly $80 at the beginning of 2020 to as high as $294 in 2021. One of the biggest byproducts of that crisis was a near-overnight shift from the office to work from home.
Understanding Magnite's growth strategies Magnite was created via the merger of two smaller ad tech companies, The Rubicon Project and Telaria, in 2020. All of those mergers and acquisitions turned Magnite into the world's largest independent sell-side platform (SSP) for digital ads.
The last 12 months, last four quarters, they've been negative, and there's been a lot of puts and takes, a lot of acquisitions, some divestitures. The structure, they spun that out, I think in late 2020, I think they own two-thirds of it, or three-quarters of it still. There's also taxes that come into play.
It has also declined more than 97% from its all-time high in December 2020. The company went public by merging with a special purpose acquisition company ( SPAC ) in February 2021. It actually exceeded its pre-merger estimates by growing revenue by 65% in fiscal 2022 and 94% in fiscal 2023. million to $68.9 million, or $0.16
Nikola (NASDAQ: NKLA) , a maker of electric semi-trucks, went public by merging with a special purpose acquisition company (SPAC) in June 2020. In its pre-merger presentation, it told investors it could deliver 600 BEVs in 2021, 1,200 BEVs in 2022, and 3,500 BEVs in 2023. Its shares opened at $37.55 a week later.
Microsoft is starting to separate itself because it's tied to so many things and we saw what it is now trying to do in the gaming business with its Activision Blizzard acquisition of almost $70 billion. So I think the acquisition is exciting. With really no corporate acquisitions, they do it all internal house. They added 13.12
SoundHound narrowed its loss according to adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) from $18.8 SoundHound AI went public by merging with a special purpose acquisition company ( SPAC ) in April 2022. It narrowed its net loss from $30.9 million to $18.0 million, or $0.07 million to $3.7
Magnite Magnite is an ad tech company created by the merger of The Rubicon Project and Telaria in 2020. In 2023, its revenue rose only 7% as its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) dipped 4%. Image source: Getty Images.
2020, and its stock skyrocketed to a record high of $177.47 BigBear went public by merging with a special purpose acquisition company ( SPAC ) in Dec. That was well below its pre-merger target of $388 million for the year. Both stocks have gone on wild rides since their market debuts. C3 listed its IPO at $42 in Dec. last April.
Equinor plans to grow its installed renewable energy capacity at a 50% compound annual rate between 2023 and 2030, reaching an installed capacity of 12 to 16 gigawatts (GW) by 2030, which will net an after-tax return of 4% to 8%. per share in 2020 in response to the pandemic-induced energy sector downturn.
Globus delivered another robust post-merger quarter in Q2 with sales of $630 million, growing 116% or $338 million. Non-GAAP EPS was $0.75, increasing 20% versus prior year even with the 35% increase in outstanding shares driven by the merger. Scavilla -- President, Chief Executive Officer, and Director Thanks, Brian. revenue grew 3.1%
I think after tax profits at Burlington Northern Santa Fe Railroad, that was up 13%- $1.4 Per the Wall Street Journal, restaurant chains and operators are on track to declare the most bankruptcies this year than they have in decades with the exception of 2020. I think acquisitions of this size are just really difficult.
However, as we disclosed in our last 10-Q, the announcement of the acquisition of Discover constituted a material business change. As a result, we are subject to the Federal Reserve's preapproval of our capital actions until the merger approval process has concluded. We are all in and working hard to complete the Discover acquisition.
While we were working on the insurance sale, we were able to come to an agreement with Denis Sheahan and the Cambridge Bancorp Board on the merger we announced in September. The merger with Cambridge meets all of our acquisition criteria in powerful ways. The tax expense in the quarter on the operating results was 2.3
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