Igli G. Laçi Profile picture
Sep 14, 2020 10 tweets 2 min read Read on X
One of the most secretive companies in Silicon Valley recently filed to go public.

We finally got to see what is going on behind the curtain.

Time for a thread 👇🏽👇🏽👇🏽
1) Palantir was founded in 2003.

They build software for the intelligence community in the US to assist them in counterterrorism, investigations, operations, and later with commercial enterprises.
2) The company offers two software platforms with embedded user-facing applications that serve as central operating systems for customers:

- Palantir Gotham
- Palantir Foundry

They are embedded user-facing applications that serve as central operating systems for customers.
3) Palantir operates within three core technology features:

- Software Creates a Central Operating System for Data

- Software Does Not Displace Existing Systems, It Augments Them

- Approach to Security Enables Collaboration Instead of Inhibiting It
4) Palantir’s business model has three phases:

- Acquire
- Expand
- Scale

They currently have 125 customers and average revenue per customer is $5.6M.

The average revenue for top twenty customers is $24.8M as of 2019.
5) One issue with Palantir's customer base is that the top three customers represent ~33% of total revenue.

The good news is that the company did almost $750 million in 2019 revenue.
6) Palantir's pitch to investors basically revolves around a single idea:

"Revenue consistently improves as the company is becoming the industry and government agency default platform securing $1.2B in government contracts in 2020"
7) Palantir plan to grow:

- Commercial Sector Expansion
- Continued R&D expansion
- Increase $$ within existing customers
- Become default OS for data across US government
- New customer acquisition
- Continue to be embedded in legislation
- Continue to grow direct sales force
8) It will be interesting to see if Palantir can convince investors of their future plans.

The secretive company has been working hard to build significant revenue, but at some point, they'll have to prove they have a sustainable business model.
If you learned anything today and want to get more breakdowns of public equities, subscribe to the Equity Breakdown by going here:

equitybreakdown.substack.com

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More from @IgliLaci

Apr 15, 2021
"A crypto company" has entered the public markets and is positioned to lead in the development of the crypto economy.

Time for a breakdown 👇🏽👇🏽👇🏽
1️⃣Coinbase $COIN was founded in 2012 by Brian Armstrong. In 2010, he heard about cryptocurrencies and came across the white paper from Satoshi Nakamoto. He was instantly captivated.

He made his first bet on Bitcoin and with $1,000 he bought ~110 bitcoins at $9 each.
2️⃣For an entire week, he coded in Ruby and JavaScript so he could buy and store Bitcoin.

Twelve years later this code evolved into "a crypto company" that went public today at a staggering valuation of $86 billion.
Read 12 tweets
Apr 10, 2021
~$542 million in inflow since its launch on March 30th.

I think McConaughey can agree that this Space ETF is "allright, allright, allright"

Time for a breakdown 👇🏽👇🏽👇🏽
1️⃣ $ARKX ETF gives investors exposure to companies spearheading

✔️reusable rockets
✔️technologies in orbital/suborbital aerospace
✔️aerial drones
✔️3D printing.

The fund is composed of 38 individuals companies and ARK’s 3D printing ETF ($PRNT) as their second-largest holding.
2️⃣ The space industry can be valued at ~$400 billion with projections to hit ~$1 trillion by 2040.

@SpaceCapital reported that since 2011 $177B of cumulative equity has been invested across 1,343 companies. The majority of coming from the U.S. (47%) & China (29%).
Read 13 tweets
Apr 7, 2021
GDP in the U.S. in 2035 will achieve ~$40 trillion from ~$21 trillion today driven by the convergence of 14 technologies released by ARK Invest in their Big Ideas 2021 Report.

Curious to know what they are?

Time for a breakdown 👇🏽👇🏽👇🏽
1️⃣ Historically, innovations such as the steam engine, electricity, ice, computers, and the internet were transformative to humans globally.

Today @ARKInvest believes that AI, DNA sequencing, robotics, energy storage, and blockchain technology will do the same.
2️⃣ In the next decade the five technology platforms and the 14 specific technologies will expand from less than $6 trillion to $50 trillion in value and wealth creation.

Unprecedented growth and opportunity! Image
Read 17 tweets
Feb 17, 2021
The electric vehicle revolution groundwork is established with the advancements in battery technologies, infrastructure, and government policies. Today a new "Tesla" of commercial vehicles has emerged to lead the pack.

Time for a breakdown 👇🏽👇🏽👇🏽 Image
1} Proterra, @Proterra_Inc was founded in 2004 with a vision to advance electric vehicle technology and built top-tier commercial vehicles.

The company offers three business lines:
- Powered: battery systems
- Transit: electric buses
- Energy: charging infrastructure Image
2} Market forces have reacted from the alignment of government, companies, and technology in the industry.

- States are targeting 100% zero-emission by 2050
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Dec 10, 2020
The 3D printing industry is positioned to deliver explosive growth reaching 10x market size in the decade.

A 3D printing unicorn is ready to revolutionize the space.

Time for a breakdown 👇🏽👇🏽👇🏽
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- 4/5 founders are MIT Professors
- 25+ employees with PhDs
- 120+ patents filed/pending
2}The company delivers a solution that starts from product development to ultimately mass production across various industries.

This makes it the FIRST 3D company that is focused on volume production of end-use parts instead of just design and prototyping.
Read 13 tweets
Oct 29, 2020
The age of banks is slowly coming to an end. Fintech companies offering digitization, decentralization, and cryptocurrencies are on the rise.

There is one company aiming to lead the pack and allow everyone to participate and thrive in the economy.

Time for a breakdown 👇🏽👇🏽👇🏽
1} Square (@Square) was founded in 2009 by Jack Dorsey and Jim McKelvey out of a simple small transaction. Jim, an artisan, could not sell $2,000 worth of handblown glass because the buyer did not have enough cash on hand and he couldn’t accept credit cards.
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- Seller Ecosystem: software, hardware, and financial services to help start, run, and grow a business

- Cash Ecosystem: Individuals can send, spend, and invest money
Read 9 tweets

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