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The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. Its revenue rose 47% in 2022, 47% in 2023, and 85% to $84.7 The acquisitions are also weighing down its margins as it integrates those new services. The shares opened at $8.72
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. on April 13, 2022. 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
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. on April 6, 2022. 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. Before BigBear.ai
Houndify drove most of the company's growth as revenue rose 47% in both 2022 and 2023. 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.
QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. During its pre-merger presentation, it claimed it could start commercializing its products in 2024 and grow its revenue at a compound annual growth rate of 363% from $14 million in 2024 to $6.44
QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. and rose to its post-merger high of $35.69 According to its pre-merger presentation, it could potentially increase its revenue at a compound annual rate of 363% from $14 million in 2024 to $6.44
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
went public by merging with a special purpose acquisition company ( SPAC ) on Dec. BigBear.ai, like many other SPAC-backed companies, made some grand promises before its merger but missed those estimates by a mile. SentinelOne provides AI-powered cybersecurity tools that are aimed at replacing human analysts. Its stock opened at $9.84
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.
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?
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. But in 2022, inflation and rising interest rates quickly chilled the housing market. in 2022, then dipped to negative 10% in the first half of 2023. Its revenue rose 94% to $15.6
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.
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 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
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 That's different from Zillow and Redfin , which both shuttered their similar first-party home-flipping services in 2022. Metric 2020 2021 2022 2023 Revenue $2.6 billion $8.0 billion $15.6
Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) also turned positive in fiscal 2023. SoundHound went public by merging with a special purpose acquisition company ( SPAC ) two years ago, but its stock tumbled after broadly missing its own pre-merger estimates. EH/s at the end of June 2024.
Its revenue was declining, it was racking up steep losses, and it suspended its dividend in 2022. 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.
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.
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 Its CEO Reggie Brothers also abruptly resigned in October 2022. on its first day as a combined company. But today, it's only worth about $1.50
After its 2022merger with Kirkland Lake Gold and its acquisition of Yamana's Canadian assets, Agnico has emerged as a leading producer of gold -- and profits. in net debt to earnings before interest, taxes, depreciation, and amortization ( EBITDA ). The stock sells for about 11.2
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%.
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 worth of shares over the past two years, reducing its share count by 25% since June 2022.
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 acquired Golden Pacific Bancorp in 2022, and with it, a bank charter.
Here's what makes the company a stellar "forever" investment, especially following its recent acquisition. Last but not least, however, Casey's most powerful growth lever remaining could be its continued geographic expansion, whether through building new stores or leaning upon its newly formed mergers and acquisitions (M&A) team.
SoundHound AI (NASDAQ: SOUN) initially impressed a lot of investors when it went public by merging with a special purpose acquisition company (SPAC) on April 28, 2022. It only generated $46 million in revenue in 2023, compared to its optimistic target of $98 million which it provided during its pre-merger presentation.
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. Revenue will be near an all-time high, and its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) will be positive.
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. million in adjusted EBITDA in 2022. On Tuesday, Sharecare reported a Securities and Exchange Commission (SEC) filing from Oct. per share in cash. million last year.
SoundHound AI (NASDAQ: SOUN) went public by merging with a special purpose acquisition company (SPAC) last April. SoundHound fell short of its pre-merger expectations, and rising interest rates exacerbated that pain by compressing its valuations. The audio and speech recognition company's stock opened at $8.72 less than a month later.
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.
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.
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. Ex-TAC basis.
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.
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.
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. SoundHound's revenue rose 47% to $31 million in 2022, and it expects sales to jump 39%-61% to $43 million to $50 million in 2023. Image source: Getty Images.
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
The midstream master limited partnership (MLP) set seven operational records during the fourth quarter, fueled by organic growth and acquisitions. The midstream giant benefited from strong market conditions, recently completed expansion projects, and the acquisitions of Lotus Midstream and Crestwood Equity Partners (which closed in November).
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. In 2022, it obtained a U.S.
The efforts have been paying off, as the company has posted stronger results of late, including positive adjusted earnings before interest, taxes, depreciation and amortization ( EBITDA ) for four consecutive quarters. The acquisition has helped diversify Aurora's business model, and last quarter it added 7.2
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. million in 2022 and 1.2 billion in 2023.
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
That journey of aggressive spending began even from DraftKings' first days as a public company, when it simultaneously merged with its technology provider SBTech, during its three-way merger with special purpose acquisition company (SPAC) Diamond Eagle Acquisition Corp. in 2022, and is projected to reach 9.5%
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
After a difficult 2022, the market has recovered this year, with the S&P 500 up 13% so far. Axsome Therapeutics Biotech company Axsome Therapeutics (NASDAQ: AXSM) had a record year in 2022, with its stock increasing 104%. Jazz Pharmaceuticals sold it to Axsome in May 2022. million in Q2 2022. Is it time to buy them?
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. Its gross margin also dropped from 28% in 2022 to 26% in 2023. C3 listed its IPO at $42 in Dec. 2020, and its stock skyrocketed to a record high of $177.47 last April.
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