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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.
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. And with an enterprisevalue of $7.08 Its stock opened at $9.84 per share but now trades at about $1.50.
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. With an enterprisevalue of $3.7
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
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
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. and rallied to an all-time high of $14.98
First, prior to this decline, the company's ratio of enterprisevalue (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 Not so much. However, its 2.9% Currently, the company's 2.3%
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
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. With an enterprisevalue of $23.4 It also still had $1.5
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. That slowdown also caused its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) -- which briefly turned positive in 2021 -- to turn negative again.
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.
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.
Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) increased 20% in the second quarter to almost $3.8 The biggest catalyst has been acquisitions. billion acquisition of Lotus Midstream last May and followed it up with its $7.1 billion acquisition of WTG Midstream. times target range.
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.
A quick look at Honeywell's ratio of enterprisevalue to earnings before interest, taxation, depreciation, and amortization (EV-to- EBITDA ) compared to peers in aerospace (RTX and Safran ), industrial automation ( Rockwell , Emerson Electric , and Schneider) , and building automation ( Johnson Controls and Schneider) shows a clear discount.
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.
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.
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
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.
But price to sales, enterprisevalue to earnings before interest taxes, depreciation and amortization, aka EBITDA, or your good old price to earnings metric. As you mentioned, following the last reported earnings in August, the company closed on an aviation acquisition. Now that they've closed the acquisition.
Delight at acquisition Announcing the deal to the French market, FDJ’s chairman Stephane Pallez said he was “delighted” with the acquisition. FDJ acquires the entire capital of this company for an enterprisevalue of 350 million euros. The group posted revenues of nearly €4bn last year, up 24 per cent on the year before.
BigBear.ai (NYSE: BBAI) , a developer of AI-oriented analytics tools, went public three years go by merging with a special purpose acquisition company (SPAC). During its pre-merger presentation, BigBear.ai increased its share count by 85% since its SPAC merger. But with an enterprisevalue of $1.35 But with $65.6
The fintech company went public by merging with a special purpose acquisition company (SPAC) on June 1, 2021, and its stock opened at $21.97. Like many other SPAC-backed companies, SoFi disappointed its investors by missing its ambitious pre-merger forecasts. At $16, it has an enterprisevalue of $16.2 respectively.
Luminar Technologies (NASDAQ: LAZR) , a developer of commercial automotive lidars, went public by merging with a special purpose acquisition company (SPAC) four years ago. During its pre-merger presentation, Luminar claimed it could grow its revenue from an estimated $15 million in 2020 to $124 million in 2023.
EVgo (NASDAQ: EVGO) , a leading builder of EV charging networks, went public in July 2021 by merging with a special purpose acquisition company (SPAC). In its pre-merger presentation, it claimed it could grow its revenue from an estimated $20 million in 2021 to $166 million in 2023. The combined company's stock opened at $15.05
14, 2023, by merging with a special purpose acquisition company ( SPAC ). With an enterprisevalue of $1 billion, Intuitive still looks like a bargain at 4 times this year's sales and just 2 times its estimated sales for 2026. The combined company's stock started trading at $10, soared to a record high of $81.99
The artificial intelligence (AI) software company went public by merging with a special purpose acquisition company (SPAC), and its shares opened at $9.84. But if we compare BigBear.ai's pre-merger revenue forecasts to its actual performance over the past four years, we'll see why the bulls retreated and the bears rushed in.
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