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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. notably integrated Palantir 's Foundry services into its three main modules in late 2021. and climbed to an all-time high of $16.12
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. In November 2021, BigBear.ai on April 13, 2022.
It expects its revenue to grow at least 74% in 2024 and rise by more than 88% from that baseline in 2025 as it expands its ecosystem with more acquisitions. Evolv went public through a reverse merger with a blank-check company in July 2021. million in 2021 to $132.3 Metric 2021 2022 2023 Revenue $23.7 million $55.2
The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. That trajectory is impressive, but management originally claimed the company could generate $255 million in revenue in 2024 during a pre-merger presentation in late 2021.
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. How fast is Rocket Lab growing?
went public by merging with a special purpose acquisition company ( SPAC ) on Dec. SentinelOne went public via a traditional initial public offering (IPO) at $35 a share on June 30, 2021 but now trades at less than $20. Those AI-driven technologies sound promising, but both stocks disappointed their early investors.
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.
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
In 2021, the company acquired the Bitcoin miner ATL Data Centers, upgraded operations with its own microgrids, and continued to expand by buying and transforming more Bitcoin mining facilities. From fiscal 2021 to fiscal 2023 (which ended last September), CleanSpark's revenue increased at a compound annual growth rate (CAGR) of 85%.
But since its market debut via a merger with a special purpose acquisition company ( SPAC ), Opendoor's stock has lost nearly 90% of its value. Its total number of houses purchased skyrocketed 498% to 36,908 units in 2021. in 2021 to negative 1.1% billion in 2021. billion in 2021.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 during the apex of the growth-stock rally in February 2021. Metric 2020 2021 2022 2023 Revenue $2.6 Based on 498% growth rate reported in 2021. billion $8.0 billion $15.6 billion $6.9
Like many other electric vehicle start-ups, Nikola went public by merging with a special purpose acquisition company ( SPAC ) and set some overly ambitious long-term goals. In its pre-merger presentation in 2020, it claimed it could ship 600 battery-powered electric trucks (BEVs) in 2021, ship 1,200 BEVs in 2022, and ship 3,500 BEVs in 2023.
The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. In its pre-merger presentation, QuantumScape predicted it would start commercializing its products in 2024 and grow its revenue at a whopping compound annual growth rate of 363% from $14 million in 2024 to $6.44
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. Its growth accelerated in 2021 as the housing market recovered but slowed again in 2022 and 2023 as inflation and rising interest rates drove away potential buyers and sellers.
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. million in Q2 2021.
The logistics services provider has come a long way since it was spun off from XPO in 2021. The logic behind the spinoff was that it would unlock shareholder value and allow each company to more easily pursue mergers and acquisitions (M&A), allocate capital, and compensate employees as a pure play focused on one industry.
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%.
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 BigBear.ai (NYSE: BBAI) has disappointed a lot of investors since its public debut on Dec. on its first day as a combined company.
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.
SoFi stock: Down 26% this year and 73% from its high Jennifer Saibil : SoFi has been demonstrating fantastic growth since it went public in 2021 through a merger with a special purpose acquisition company (SPAC). in earnings per share (EPS).
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.
That said, it's still down 95% from its high set in 2021. However, profitability tanked for Cardlytics following a trio of acquisitions in 2021 and early 2022. The market is reacting to news regarding one of these acquisitions today: Bridg. Cardlytics acquired Bridg for $350 million in May 2021. As of 9:50 a.m.
Discovery still needs help Ever since the company was formed by the merger of AT&T 's WarnerMedia and Discovery Communications in 2021, the company has underperformed as it's struggled with a bloated debt burden, questionable management decisions, and a lack of any growth strategy. billion, helped by its acquisition of BluTV.
Canadian cannabis company Tilray Brands (NASDAQ: TLRY) has been on the right track ever since it merged with rival Aphria in 2021. It takes time for a big merger to reveal its full potential. Tilray is gradually becoming the bigger and better company that the merger aimed to create. Image source: Getty Images.
The company, which went public as part of a special purpose acquisition company ( SPAC ) merger in 2021, has seen investment from Anthem, now called Elevance. On Tuesday, Sharecare reported a Securities and Exchange Commission (SEC) filing from Oct. per share in cash. million and $460 million, compared to $442.42
Bowlero only just went public in December 2021 via a merger with a special purpose acquisition company (SPAC). Same-store sales were roughly flat, meaning that its higher revenue came from adding three new locations during the quarter. Since going public, its share count is down by 20% through share repurchases.
Nerdy (NYSE: NRDY) disappointed a lot of investors after it went public by merging with a special purpose acquisition company (SPAC) in September 2021. Its revenue grew 35% in 2021 as the pandemic's worst point passed, but rose a mere 16% in 2022 as it transitioned from a la carte classes to an unlimited subscription-based model.
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. The combined company's stock opened at $21.97
Private equity giant Bain Capital is said to be considering an acquisition of education software provider PowerSchool Holdings (NYSE: PWSC). The company was spun out of Pearson to Vista Equity Partners in 2015, going public in 2021. Is PowerSchool a buy on the merger reports? Is PowerSchool going private again?
SoundHound AI (NASDAQ: SOUN) disappointed a lot of investors after it went public by merging with a special purpose acquisition company (SPAC) in April 2022. Yet it had previously told investors it could generate $98 million in revenue in 2023 during its pre-merger presentation.
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.
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.
Symbiotic (NASDAQ: SYM) went public by merging with a special purpose acquisition company (SPAC) on June 8, 2022. Over the past year, it's consistently grown revenue at double-digit and triple-digit rates, while narrowing its losses on an adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) basis.
Lumen faces an existential crisis Unlike AT&T and Verizon Communications , which downsized their wireline businesses to expand their wireless businesses, Lumen doubled down on its wireline business through a series of mergers and acquisitions instead of entering the wireless market. billion in 2023.
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. It's already built more than 1 million charging points across North America and Europe. million to negative $130.2
While the stock is still more than 50% below its 2021 all-time highs, 2023 was a year for the DraftKings bulls, with the stock soaring over 209% and becoming one of the best stocks in the market last year. in 2021 to 7.7% The question now is: What accounts for DraftKings' improvement, and is the stock still a buy? million) to ($302.1
BigBear went public by merging with a special purpose acquisition company ( SPAC ) in Dec. 2021, and its stock started trading at $9.84 That was well below its pre-merger target of $388 million for the year. C3 listed its IPO at $42 in Dec. 2020, and its stock skyrocketed to a record high of $177.47 that same month. last April.
CPPIB also plans to contribute about $1 billion to the proposed merger between Novolex and Pactiv Evergreen Inc., While we anticipate volatility in general to affect overall results at various horizons, fluctuations caused by the depreciation of the Canadian dollar was especially prominent during this reporting period. Treasuries.
As of this writing, Archer Aviation stock is still down roughly 47% from the lifetime high that it reached shortly after going public through a merger with a special purpose acquisition company ( SPAC ) in 2021. Should you invest $1,000 in Archer Aviation right now?
And with more than 20 years of finance and leadership expertise, Heena brings a breadth of experience across different facets of global finance, accounting, and mergers and acquisitions. EPS was weighed down by noncash depreciation expenses from infrastructure investments. Full year adjusted EBITDA was 33.4 million or 5.2%
Beginning in 2021, REM mapping functionality was added to the [Inaudible] platform, leading to a relatively low cost way to provide class-leading lane-centering capability, among many other functions, and providing an early opportunity for the OEM to generate recurring subscription revenue. Our work with Volkswagen Group is a good example.
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.
Could one of those stocks be BigBear.ai (NYSE: BBAI) , the enterprise AI software company that went public by merging with a special purpose acquisition company ( SPAC ) in 2021? set some unrealistic growth targets during its pre-merger presentation and missed those estimates by a mile. What does BigBear.ai For 2024, BigBear.ai
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