Callouts & quotes from 1,508+ activist slides

"Substantial majority of ES's revenue base has structurally high potential margins"

"These related party entities comprised a shocking 72% of Foundry revenue in 2020."

"PBH has poor revenue disclosure practices and fails to disclose pricing or volume"

"With Zero Revenues in 2017, ADOMANI’s Sales Projections Continue To Be A Daydream"

"We find that revenue per active customer and per send volume has been declining."

"Stopped explaining DSO change and contract asset revenue errors/revision appears"

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

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

"$70 million, or 11%, higher than March 2011 Quarter revenue, despite seasonality"

"Each of Arconic’s businesses missed their 3-year targets for revenue and profits"

"To estimate 2015 revenues per program, we used the following data and estimates:"

"Contractual revenues represented 49% of LTM 6/30/12 revenue, up from 29% in 2006"

"Nearly every reporting segment was expected to grow revenue at a multiple of GDP"

"Why has SG&A increased by $41 million when revenue has decreased by $62 million?"

"Why has SG&A increased by $41 million when revenue has decreased by $62 million?"

"Most concerning, Rubicon has never put video revenue figures in its SEC filings."

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

"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)"

"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."