Callouts & quotes from 584+ activist slides

"The SEC alleges that when the fraud was finally revealed, Satyam's then-Chairman, B. Ramalinga Raju, declared that maintaining Satyam's inflated revenues and profits "was like riding a tiger, not knowing how to get off without being eaten." — SEC Charges Satyam with Financial Fraud"

"“The closing of bookings in Q3 will have a direct impact on recognized revenue and accordingly, we anticipate our top line for Q4 to end up between $1 million and $1.2 million for the full year revenue of $1.5 million to $1.7 million for 2021.” — CFO, IonQ Q3 2021 earnings call"

"I am opening a 3-D printing center for aligner cases to provide retail aligner lab revenue as another stream of income. I am opening an aligner institute to educate other dentists, recruit dentists to my group, and add new business to the 3-D printing center. — Seth Wasson, DMD"

"“Factory of the future, we’re going through qualification right now. And we anticipate over the rest of this year we will start to do the initial debugging and testing and running initial runs. So we don’t start shipping revenue until early next year.” — James M. Thorburn (CFO)"

"“We are committed to and definitely going to be driving $1 billion in revenue for the full year of FY '22. And obviously, as we get closer to that and we get more obviously near-term data, we'll be much more clear about that run rate.” — CEO Aaron Levie, Q2 2019 Earnings Call"

"We continue to expect constant currency sales growth to be in the range of 3% to 5% in fiscal 2017 — Wesco Aircraft. ASG revenues are expected to increase by a mid-single digit percentage — KLX Inc. Within aerospace, we anticipate sales growth ranging from 4% to 6% — TriMas."

"Total IBM R&D spending in 2024 was $7.5bn and quantum computing is a key pillar of IBM research (alongside AI and semiconductors). Even assuming 1% was spent on quantum research it would equate to multiples more than D-Wave has ever generated in annual revenue. — Footnote 1"

"If we get a huge order from the government or if we win tranche 2, which is for tens of thousands of drones and hundreds of millions of dollars worth of revenue, we want to have the capital in the bank instead of doing things like buybacks. — July 27th, 2022 Earnings Call"

"“IQVIA is the largest CRO on the planet today, a clinical research organization. From a revenue standpoint, the company does over $10 billion a year; we're a public company with over 70,000 employees. I oversee a $[redacted]-million division for IQVIA.” — IQVIA Executive"

""I'd like to finish our call this morning with our expectations for the remainder of 2019. We're tightening our guidance range for the full year with revenue between $69 million and $71 million and adjusted EBITDA between $2 million and $4 million." — Q3 2019 Conf Call"

""...the Mailchimp growth story, again, at least when I was there, like revenue was going up into the right, although at a more like measured steady clip. But user growth really was kind of hitting a plateau at the time..." — Former Manager at Mailchimp, Tegus, 2/6/23"

"The domestic sports industry, first and foremost in this industry, the most important mode is the dealer/agent system. ... So for a brand company, I prefer the agent-distributor model, in which case I can more quickly more regularly receive my revenue stream. — Mr. D"

"Dadi told us that its annual revenue is less than $1.5 million (RMB 10 million). Lucky told us that the most revenue it ever generated in its history is $1.3 million. Yet ONP claims that in 2008, each respectively purchased paper worth $2.7 million and $2.2 million."

"But at the end of the day, I think it's quite immaterial whether it was Topic 605 and now Topic 606 [ASU No. 2014-09], and actually we believe that had we stayed under the Topic 605 revenue guidelines, our results will be quite similar. — VRNT Q2 FY19 Earnings Call"

"But at the end of the day, I think it's quite immaterial whether it was Topic 605 and now Topic 606 [ASU No. 2014-09], and actually we believe that had we stayed under the Topic 605 revenue guidelines, our results will be quite similar. — VRNT Q2 FY19 Earnings Call"

"Notably, our review of 3rd party app analytics data on Bigo’s overseas revenues showed the gifting activity was heavily skewed to a limited number of geographies, with approximately three quarters of its revenue associated with the top ten countries. — Footnote 52"

"Decreased residential customer water and natural gas usage as a result of conservation efforts, and the impact of more efficient appliances and furnaces, may harm demand for our utility services and may reduce our revenues and earnings. — Essential Utilities 10-K"

"For products and services that are provided in advance of billing, such as our asset-based fee products, unbilled revenue (or a "contract asset") is included in Accounts Receivable on the Company's Consolidated Statement of Financial Condition. — 2019-2021 10-K"

"Actually, the revenue recognition of the Shunshun business is based on they need to get an offer and they need to get a visa. So I think in general, most of them will come to recognize maybe in Q3 or Q4 next fiscal quarter. — TAL FY17 Q1, FY17 Q3 Earnings Calls"

"Kornit's disclosures give an inconsistent view of actual revenues from Amazon. We find stated discrepancies in both 2016 and 2017 reported revenues. At best just a rounding error, at worst evidence of financial control issues. — Spruce Point Capital Management"

"DeMarco was also allegedly the source of the “percentage of completion accounting techniques learned from the ‘Andersen school of accounting’ that allowed Titan to either overstate or prematurely state revenues at the company.” — Shareholder lawsuit documents"

"In addition, the Company improperly accounted for other items that overstated net income, including the estimation and recording of self-insurance reserves, its recognition of equipment rental revenues, and its income tax accounting. — SEC URI Complaint 2008"

"We have a strong conviction in our ability to create incremental value from this combination and are raising our long-term target for real estate revenue growth to the high-teens from the mid-teens percentage range. — Real Capital Analytics (RCA) Aug 2, 2021"

"According to Moody's, a credit rating agency which was privy to Itiviti's management and insights about its business given its public debt rating, contracts were shorter than BR management's claims, and the recurring revenue mix was less than 100%. — Moody's"

"“As our momentum continues, we are raising guidance once again for the current year. Our guidance for the non-GAAP revenue is increasing by $25 million to $1.37 billion representing 10% growth and acceleration from the prior year.” — Dan Bodner – CEO, Verint"

""As our momentum continues, we are raising guidance once again for the current year. Our guidance for the non-GAAP revenue is increasing by $25 million to $1.37 billion representing 10% growth and acceleration from the prior year." — Dan Bodner – CEO, Verint"

"According to the 10-K, BID generated $26M of 2013 Agency commission revenue from Finance loan collateral. Assuming ~28% average Agency margins and 35% taxes, yields $4.7M of net income, or ~4% of ROE. Some of these sales may have occurred without financing."

"“...so in our most recent quarter, on that metric, we reported 106%. And I think the kind of commitment in what Mark [Wayland, Chief Revenue Officer] was saying was we're going to improve that rate from here.” — CEO Aaron Levie, 2019 BoxWorks, October 2019"

""We expect that [vet clinics on the Vets First Choice Platform will] identify more than $0.5 million to $1 million of incremental new revenues to their practice." — Benjamin J. Shaw, CEO of Vets First Choice on April 23, 2018 (announcement of transaction)"

"Operating revenues from non-recurring revenues increased 48.7% for the six months ended June 30, 2023, primarily driven by one-time license fees related to prior periods, as well as non-recurring licensed data products. — MSCI Q2 2023 Financial Disclosure"

"Consolidation in the financial services industry could adversely affect our revenues by eliminating some of our existing and potential clients and could make us increasingly dependent on a more limited number of clients — Broadridge Notable Risk Factors"

"We are also able to increase revenue per customer as we introduce new solutions, which have resulted in a compounded annual growth in average revenue for our top 50 customers of 32% from 2017 to 2019. — DoubleVerify Pre-IPO Draft Prospectus (Sept 2020)"

""the preponderance of revenue on the loan side comes from [fintechs]...I mean, if you look at Upstart, I think they've reported as much as 50-plus percent of their origination volume comes from Credit Karma." — Former Director at Intuit, Tegus, 8/2/22"

"Analytics is our long-term target to move from being a lower revenue generator in the low to mid-single digits to a medium revenue grower in the upper single digits over the long term. — CEO & Chairman Fernandez, Investor/Analyst Call, April 28, 2016"

"The increase in receivables from the prior quarter was the result of our record revenues, unusually high turns booking late in the quarter and a mix swing of relatively more shipments to customers with longer payment terms. — Q1 2010 Conference Call"

""And we already pointed out that in the last quarter we have a path to achieve our 2016 targets. We actually said that we're going to have an EBITDA target of $350 million 2016 on revenues of $1.6 billion...." — Dr. Klaus Kleinfeld, October 8, 2015"

"Revenues increased by $52.1 million, or 11.6%, to $499.5 million in 2015 from $447.4 million in 2014. The increase in revenues resulted from an approximate 15% increase in volume of sales... — Caesarstone FY 2015 Revenue movement explanatory note"

"Water and wastewater rate increases, including infrastructure rehabilitation surcharges, implemented during the past three years have provided additional operating revenues of $27,421 in 2021, $32,660 in 2020, $55,658 in 2019. — 2021 10-K, p. 51"

"Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. — PowerSchool Revenue Recognition Policy"

"“Approximately, 94% of our GAAP revenue was recurring subscription revenue...Hims & Hers brings together the best of high-growth consumer Internet coupled with the fundamental economics of enterprise SaaS.” — CEO Dudum on Q3 2021 Earnings Call"

"The Amdocs deal reports, in which it reported a 16% drop in billing revenue, to $251 million. Comverse does not fill any gaps in Amdocs' technology portfolio, nor was it a competitive threat to Amdocs. — Sheryl Kingstone, 451 Research director"

"The balance as of December 31, 2018 mainly represents deferred revenue in relation to content distribution, licenses of intellectual property and traffic support services to be provided to one of the Group’s equity investees. — iQIYI 2018 20-F"

"the continuing shift in sales mix within food grade alcohol from lower margin industrial alcohol products to higher margin premium beverage alcohol products, a decline in input costs, and an increase in warehouse revenue. — MGPI Press Release"

""We are still expecting Clean Energy revenue growth well above 50% for the full year, with continued strength in PWRcell energy storage systems along with contributions from the initial rollout of new products." — CFO York, Q1 2022 Conf Call"

"He was allegedly the source of the “percentage of completion accounting techniques learned from the ‘Andersen school of accounting’ that allowed Titan to either overstate or prematurely state revenues at the company” — Shareholder litigation"

"Qwest fraudulently recognized over $3.8 billion in revenue and excluded $231 million in expenses as part of a multi-faceted fraudulent scheme to meet optimistic and unsupportable revenue and earnings projections. — SEC Press Release 2004-148"

"Variable information printing is what you would see on a UPS or Amazon box. Specifically, in North America it became very price sensitive. It became very difficult to build this business. — Former Avery Global Pricing and Revenue Specialist"

""Revenue expected to come from backlog within the next twelve months that's an important leading indicator that we've put in all of our filings has been coming up over the last couple of quarters" — CFO At Jefferies Conference (Aug 8, 2018)"

"Housing is in dollar term wise the biggest revenue category and we have Incredible who have very big market share in the market already. However, the housing policy environment has been — 58.com Management (Q4 2018 earnings conference call)"

"I will say growing margin is very hard to do. I specifically have a lot of experience in that area given I was on the pricing side. I really considered myself more in margin management. — Former Avery Global Pricing and Revenue Specialist"

""I think you have to be careful with the digital story. All digital business are not created equal... That's $300-$400m million of revenue that doesn't make money and I don't see how it will in the current model." — Former Xylem Executive"

"Specifically, during the year ended December 31, 2016, we identified material weaknesses in our internal controls over revenue recognition, cost of goods sold and services delivered and the reporting of deferred revenue. — Axon 2016 10-K"

"Ginkgo’s business model is built upon selling R&D services (“Foundry revenue” or “Foundry usage fees”) and also taking royalties or equity stakes in customer programs (“Downstream value”). — Ginkgo corporate presentation, Aug 18, 2021"

"The bloggers are playing disingenuous word games. However you want to translate the name of the approval, the Company has lucrative agreements throughout China that are providing strong revenues for the Company and its shareholders."

"The engineering modification and maintenance business acts as an internal MRO shop servicing Boeing and other aircraft needs. We estimate that this represents about 37.5% of total BGS revenue. — Sell side re Boeing Global Services"

"Valeant believes Val-gan can achieve "[h]igh single-digit organic revenue growth for the foreseeable future" across the entire business, including both the cliff and durable portfolio. — Valeant Public Presentation April 22, 2014"

"Closed sales represent an estimate of the expected annual recurring fee revenues for new client contracts that were signed by Broadridge in the current reporting period. — Broadridge Financial Solutions, Inc. 2021 Proxy Statement"

"For the year ended December 31, 2022, we recognized revenue of $4.2 million under the China License Agreement for costs reimbursed related to opt-in global studies and manufacturing and supply services. — Chinook 2022 10K, pg.114"

"We continued our long track record of retaining 98% of existing client recurring revenue, and internal growth contributed 2 points of growth driven by higher trading volumes in our GTO segment. — Broadridge Q2 2021 Earnings Call"

"A recent June 2013 Jeffries report estimates that cable operators actually carry more consumer wireless data on their networks than mobile carriers, yet cable generates $0 directly attributable revenue from wireless. — Jeffries"