Callouts & quotes from 2,092+ activist slides

"DuPont's EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"They trade at about 3.3x 2025 revenue and very fancy multiples of 2025 profits."

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"Forward Air has cumulatively underpriced its revenue per hundredweight by ~32%."

"Dated commercial strategy has created a unit revenue headwind for over a decade"

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"As of March 2020, 45% of LSPD's revenues were tied to the hospitality industry."

"Dated commercial strategy has created a unit revenue headwind for over a decade"

"NOAM Physical is Core Business 69% of Revenues, 86% of OIBDA, 96% of Cash Flow"

"In 2019, Autodesk committed to growing revenue at a 15-19% CAGR through FY2023"

"We believe investors should tread carefully that Oatly has misstated revenues."

"By under-reserving for bad debts, FND may be overstating revenues and margins."

"Margins have been stuck at ~21% but should be higher given $1bn+ revenue scale"

"In 2019, Autodesk committed to growing revenue at a 15-19% CAGR through FY2023"

"Wall Street research analysts expect Pfizer's revenue to decline through 2030."

"Spruce Point believes Generac massively overpaid for ecobee at 4.5x revenues."

"To date, Box has missed EVERY long-term revenue target it has ever published."

"GoDaddy is expected to miss its 2024 revenue target by more than $500 million"

"It’s becoming more difficult to grow average revenue for the top 100 clients."

"GoDaddy is expected to miss its 2024 revenue target by more than $500 million"

"Despite revenue growth, adjusted EPS has declined over the past several years"

"GoDaddy is expected to miss its 2024 revenue target by more than $500 million"

"We believe low revenue per merchant reduces the opportunity for cross-selling"

"We’re valuing a cheap vehicle importer/reseller at 1x revenues plus net cash."

"Despite Content Spend Doubling Since 2018, Consumer Products Revenue is Flat"

"Term license revenue is not SaaS revenue, and should not be reported as such"

"Term license revenue is not SaaS revenue, and should not be reported as such"

"Despite Content Spend Doubling Since 2018, Consumer Products Revenue is Flat"

"Former XL employees literally laughed out loud at XL's revenue projections."

"Reported related party foundry revenues totaled 65% in 2019 and 72% in 2020"

"Implies a ~$1.3 billion gross profit uplift opportunity on current revenue"

"Many products with low revenue yields have very high contribution margins."

"As a result, nearly 2/3 of its Consumer Products revenue comes from Japan."

"We estimate that CCME generated 2009 revenue no greater than $17 million."

"Error Alert. Revenue Reporting Issue! Contact Audit Committee Immediately"

"Monolithic's inventory to LTM trailing revenues also consistently rises."

"96% of Sunnova's revenue is tied to 3rd party ownership of solar systems"

"We adjust reported 2021 and 2022 revenues downward by -95.3% and -68.5%."

"Where is the rest of the $355 - $367m international revenue coming from?"

"The peer group has an average revenue close to 2.5x the revenue of DND."

"Revenue and unit growth have not provided the leverage Darden promised."

"We estimate that BEKE’s revenues are inflated by approximately ~77–96%."

"Management insists that the long-term revenue growth rate is still 30%."

"Nuvei is quietly restating revenue higher in 2020 without explanation."

"Box has missed EVERY long-term revenue target it has set since its IPO"

"Box has missed EVERY long-term revenue target it has set since its IPO"

"Could management be preparing the market for a near-term revenue miss?"

"This supports our finding that ~90% of YY Live gift revenues are fake."

"DGW is a Massive Fraud, Overstating Revenue by Over One Hundred Times."

"Issuing 20% of revenue in equity while growing 10% is not sustainable"

"Total Backlog To Revenue Declined Led By A Large Drop in the Americas"

"By 2019, Ginkgo already booked $44MM of revenue and deferred revenue."

"Our Strategy is poised to deliver 7-9% Revenue Growth from FY17-FY20F"

"Box's stock-based compensation expense has grown faster than revenue"

"At least 72% of NQ's purported China security revenue is fictitious."

"A major source of past revenue is unlikely to return to past levels."

"In Q315, Facebook’s mobile revenue grew to 12.5x Bigger than Yahoo’s"

"In Q315, Facebook's mobile revenue grew to 12.5x Bigger than Yahoo's"