Old Logan Capital

Our 2025 Annual Letter We reflect on our first year and share our thesis heading into 2026. Read the full letter here: oldlogancapital.com/investorletter…

OLC started accumulating shares of PL back in November after the space sector emerged as a prominent theme in the AI trade buildout. With SpaceX set to IPO in 2026, PL and GOOG partnership in Project Suncatcher will be a key catalyst to push data centers into space.

Acquisition of Bedrock Research, a geospatial AI company specializing in remote sensing for defense, energy, and commercial sectors. Expecting profitability for FY 2026 for the first time in history!

Planet Labs $PL with a 50% move this week after announcing Q3 earnings on 12/10/25. Highlights: Record quarterly revenue of $81.3M, up 33% YoY FY 2026 guidance raised to $297-301M. Cash and equivalents grew 220% YoY ⬇️ Continued

Our Q3 2025 Investor Letter We discuss refining our framework, new positions, and navigating volatility. Read the full letter here: bit.ly/OLCQ3

$TSSI is up ~ 180% since our initial buys nearly a month ago. Outlook for '25 looks phenomenal and the most recent earnings report was a just a small peek into what is to come. We have not sold a share

Yes, a large portion of revenue comes from servicing $DELL — but that’s exactly the point. With $DELL ramping AI infrastructure and $TSSI expanding data center capabilities, we see asymmetric upside. At this current valuation, it’s a microcap with tons of upside potential

We're accumulating $TSSI ✅ 60%+ gross margins ✅ Net cash balance sheet — zero debt ✅ Profitable, FCF-generating, trading at <1x sales ✅ Explosive revenue growth ✅ Consistently increasing EPS Old Logan is bought in on the AI trade continuing

🔥 Why we like it: Strong institutional backing and RS indicate $TTWO may see revenue/EPS gains medium-to-long term. Despite GTA VI's delayed release, $TTWO holds key support zones, prompting OLC to initiate a position. [4/4]

🏦 CANSLIM: Although $TTWO ’s revenue and EPS growth fall short of CANSLIM ideals, its top-tier institutional sponsorship aligns with a key CANSLIM pillar. With strong relative strength near all-time highs amid market volatility, it demonstrates notable resilience. 🌟 [3/4]

🚀 $TTWO: Take-Two Interactive is breaking out, and we’re bullish 📈 Using Volume Price Analysis, Stan Weinstein Stage Analysis, and CANSLIM fundamentals, this stock meets key criteria. See the weekly chart for a textbook breakout 🧵 [1/4]

4.) At Old Logan Capital, we look for undervalued companies with durable advantages. $GENI continues to check our boxes—and we believe the market will eventually catch up.

3.) • $100M share buyback = strong vote of confidence • Ample cash on hand = optionality for smart M&A • FY25 guidance: $620M rev (+21%), $125M EBITDA (+46%) Management is showing discipline, growth, and value creation all at once.

$GENI Q1 earnings are in—and we’re staying bullish. Genius Sports continues to show strong financial growth, operational momentum, and shareholder-friendly decisions. Here’s what stood out:

Since March, the broader market (S&P 500) is down roughly 5%, while $GENI has moved up 20% in the same timeframe. Despite ongoing market volatility, GENI’s performance has outpaced the index. Stock selection still matters.

Crucially, in-play betting continues to expand, and $GENI remains insulated from broader gambling headwinds as leagues and sportsbooks prioritize real-time data. CEO Mark Locke: "We sort of feel like a coil spring really, and we're in a good place." Steady growth ahead.

Our thesis on $GENI remains intact. Despite an EPS and revenue miss, guidance was raised well above expectations, signaling confidence in sustained growth. $GENI is up ~12% post-earnings, reinforcing our long-term outlook into 2025-26.

8.) A deep dive into $GENI's Q3 earnings reveals the strength of their financials. This solid performance underscores $GENI's potential for sustained growth. Optimistic & looking forward to Q4 earnings in March. Thank you @finflexity for putting this together. @GeniusSports

7.) From a Stage Analysis perspective, based on the teachings of Stan Weinstein, one could argue this is a potential stage 1 breakout about to begin Stage 2. With bullish VPA patterns and a well defined base breakout, this is a ticker to keep high on your watchlist. $GENI

We are bullish on $GENI. Genius Sports is the backbone of the global sports betting ecosystem, with exclusive data rights for leagues like the NFL, NBA, and FIFA. Revenue grew 30% YoY in Q3 2024, driven by strong demand for live sports data and AI-driven advertising solutions.