Callouts & quotes from 1,508+ activist slides

"The deferred revenue in the Firstleap acquisition appears to be inflated by 2x to 3x or more."

"Tessera must take immediate action to reverse years of declining revenues in its IP business."

"We concluded that YY Live's gift revenue is approximately 90% fake using these three methods."

"People, Time and Sports Illustrated are #1, #3 and #4, respectively based on 2005 ad revenue."

"ADI (ex-Snap) exclusive brands organic revenue growth collapsed from 32% to 3% from Q2-Q3'25."

"I wouldn't be surprised if 50% to 60% of Ginkgo's revenue this year is that circular revenue."

"Astonishingly, Shanjing Kechuang’s revenues in 2018 were only 2.8% of what they were in 2015!"

"It Takes Six Years Longer than EHTH's Stated Member Life to Collect Cash Equaling MA Revenue"

"Using its aggressive revenue estimates, XL provides a misleading comparison to EV companies."

"Shujia’s 2015 financials show revenue was too small to be consolidating the GZ 1-1 business."

"Could GZ 1-1’s December 2016 revenue have been Rmb 33 million? That seems highly improbable."

"Spruce Point estimates that Magnite's true organic revenue growth in 2020E is a meager 1.7%."

"Bayer estimates that the potential revenue value of these pipeline drugs is 5 billion Euros."

"As Dropbox matures, we believe investors will increasingly focus on cash flow over revenue."

"Celgene generates a significant portion of its revenue from small molecule hematology drugs"

"Ginkgo still recorded $21MM of foundry revenue from it for 2020 - about $1MM per Motif FTE."

"Our total Amazon revenue falls short of Kornit's $24.2M reported Amazon revenues for 2018."

"Turner Networks is expected to contribute the largest share of revenue and OIBDA in 2005."

"Absent this one-off contribution, we estimate CTV revenue would have declined by 16% YoY."

"Eurofins’ capex as a percentage of revenue is an outlier among its publicly traded peers."

"We find this troubling as high volume implanters drive 90% of the SCS industry's revenue."

"The Company needs to achieve higher revenue growth based on its R&D and M&A investments."

"Current Consensus Revenue Estimates Assume "More Than" Perfection: 30%-50% Downside Risk"

"The Company needs to achieve higher revenue growth based on its R&D and M&A investments."

"This invariably suggests that RS-25 revenues are set to decline from 2019 going forward."

"Despite significant investment, we believe Patch has minimal revenue and massive losses."

"The Company spent nearly $70 billion on M&A at an implied ~3.3x “peak” revenue multiple"

"Claim that VRX “stuffed the channel” and falsely recognized revenue is verifiably false"

"A single drug represents 63% of Celgene revenue and is facing an impending patent cliff"

"Agencies primary complaint in regards to Momo is that their share of revenue is too low"

"We suspect that in 2016, its revenues might have been temporarily moved over to Shujia."

"FTAI’s per employee revenue and EBITDA is ~3x and ~7x higher, respectively, than peers."

"Performance compensation increased 10% in FY2020 despite organic revenue growth of 1.3%"

"The Company spent nearly $70 billion on M&A at an implied ~3.3x “peak” revenue multiple"

"Streaming to drive continued acceleration in total revenue for each of the big 3 labels"

"Claim that VRX “stuffed the channel” and falsely recognized revenue is verifiably false"

"NQ has always been a bit player in mobile security with a tiny amount of real revenue."

"Fasteners on new airframes are more expensive. Gaining revenue in fasteners is a given"

"Revenue from period through June 3, 2022 but well off prior quarterly run rate results"

"From Q4 FY24 through Q2 FY25, ELF Could Have Overstated Revenue by ~$138 mm to $188 mm"

"DV should further disclose what percentage of revenue is at risk from client disputes."

"By 2021, streaming will account for ~60-65% of recorded music revenue for all 3 labels"

"Despite constant promises of revenue growth reacceleration, Box has failed to deliver"

"Despite constant promises of revenue growth reacceleration, Box has failed to deliver"

"Hess's cumulative realized hedging losses since 2002 equivalent to 9% of E&P Revenues"

"Since FY2013, revenue has increased by 37%, but operating income has declined by 37%."

"Limbach has failed to quantify revenue or cost synergies for any of its acquisitions."

"More importantly, relative to 2007 (prior peak), revenue is down and expenses are up"

"RINO has Fabricated FGD Customer Relationships and Significantly Overstated Revenue."

"Almost no change in Q4 revenue and small inventory decline despite facility approval"

"Under realistic assumptions, the Company will miss its revenue and EBITDA forecasts."

"Despite having ~4.5x the peer average revenue, Darden is among the least efficient."

"Despite having ~4.5x the peer average revenue, Darden is among the least efficient."

"Illustrating the Value of Improving Utilization and Cost Cuts at GRP (2016 Revenue)"

"Higher revenue and margin, despite significantly lower industry aircraft production"

"Higher revenue and margin, despite significantly lower industry aircraft production"

"Each dollar of revenue at Lasertec similarly produces far less cash than its peers."

"In fact, Motortech has only exceeded its revenue expectations in 1 out of 6 years."

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

"ACMR Should Be Able to Easily Meet Consensus Revenue Even If China WFE is Flat YoY"