Dan

Two interesting companies worth DD: 1) $LNSR @ $6. Broken M&A deal due to FTC. Growing "razor/blade business" for robotic laser cataract surgery. 2) $FVRR @ $10. Will this marketplace be fully disrupted by AI?

@KenR0415 I think mainly interest rates.

@dan_tmt Any idea what's taking telecom down other than overall market action? $TDS back in "bargain" territory.

The vendor fight against $SATS continues to get louder. The FCC is in a tricky situation. I imagine the FCC does get involved here - at least in the background. Too many industry participants getting the shaft here based on Echostar saying that the FCC is responsible for a force majeure event.

This $ATEX April 9th investor call somewhat reminds me of the $SATS call they scheduled before their big announcement 🤔 Maybe just wishful thinking... 🤷

@PaulYacoubian @dharmesh These $SPT projections and valuation are actually very interesting. I may actually end up diving deeper into this one...😃 Initial red flag is declining retention rates. I know nothing about this company though or competitive landscape.

@dan_tmt ~2x magic number and 10% g&a is super reasonable @dharmesh runs a tight ship

worst p&l award goes to Sprout Social. Good god.

@PaulYacoubian This is $HUBS financials. I imagine $SPT investors hope that they are now where Hubspot was in 2023.

@dan_tmt You spent 190m to grow revenue by 50m and then 110m on overhead. wtf? Lol

I know nothing about this company but I really don't think this P&L is that bad and far from award deserving. Revenue +40% in 2 years. ~80% gross profit margins. If the revenue is sticky and LTV is high, spending high on CAC is completely warranted. Grow as quickly as you can, then cut S&M when it no longer makes sense. You're then left with a company generating >$150m of EBIT. I know zero of what this company does and only reading this P&L so no opinion on if this is a good company or not. I just don't think this P&L is really that bad IMO as a starting point for diligence. I guess I'm just used to looking at really crappy companies... Companies like $BYND...

$TSAT new high! 🥳

I challenge you to find any portfolio that performed better than this space portfolio I put together in January 2024: $GILT, $RKLB, $TSAT, $KVHI, $MPTI, $SATS, and $ASTS

Blame Iran, not Israel. "In order to safeguard public safety and human life, all holy sites in the Old City -- including the Western Wall, Al-Aqsa Mosque, Temple Mount Complex and the Church of the Holy Sepulchre -- will remain closed, and entry will not be permitted to worshippers or visitors of any faith," a police statement said."

Israel is not a friend to Christians.

I've been aggresively accumulating $KVHI since earnings last week. The company is on the cusp of a hugh inflection in earnings in FY26 and FY27 and the market hasn't fully caught on yet. There's also been some interesting board changes recently worth digging into. Link below

@richtrades100 I don't believe so.

@dan_tmt Any value?

$EXFY down 98% in around 4 years.

$KVHI breaking out. Decent guidance on the last earnings call.

@FromWhiteCastle Yep - the sites need to figure out better solutions

@dan_tmt Definitely crazy. But also fairly crazy that the polymarket payouts appear to directly depend on third party journalists to affirm or refute the underlying facts.

This is a crazy story. Polymarket and Kalshi need to figure this all out quickly before regulators force them to do so. timesofisrael.com/gamblers-tryin…

"Operations on T-Mobile’s T-Satellite service powered by Starlink will be supported immediately, but it also is designed to work with AST SpaceMobile—the satellite D2D provider for AT&T and Verizon in the U.S." urgentcomm.com/devices/l3harr… Noteworthy that enterprise devices have this

2026 will also be a year that fighting games may gain more popularity with both a Mortal Combat and Street Fighter movie coming out this year. Street Fighter 6 is currently ranked as 56th most active right now on Steam. (There is a RE movie backed by Sony coming out in September too - adding more advertising dollars around selling RE games.)

Pragmata is the next big release to watch on April 17th. If Capcom is able to create a new IP to add to it's library, even selling 2 million copies, it will be a big benefit to the company. Creating new IP that people are interested in is always challenging. Pragmata has already had >1 million people play the demo.

One of the best parts of the video game industry, especially Capcom $CCOEY's Resident Evil franchise, is the ability to continue to sell the same product multiple times and with a very long tail. Below is a screenshot of RE4. You would think it was a new game launch, but it was released in March 2023. (This was a remake of an even older version of RE4!) While everyone is rightfully focused on the success of RE9 (which has likely already sold 7m+), the renewed interest in older RE games is also impressive. The margins on selling back catalog games are very high.