Plant Profile picture
10 Mar, 4 tweets, 2 min read
Curious to see how the market values $RBLX over the next year.

Bookings are what we would consider revenue for other firms as they defer revenue from currency sales over the average customer lifecycle.

Bookings projected to decline sequentially every quarter in 2021.
Am I reading this wrong or does $RBLX have 6.6% Gross Margins for first 9 months 2020 (excluding R&D, G&A, S&M)?
For me personally, its a bit of a red flag when cost growth outpaces revenue growth when it isn't due to S&M spend.
Bookings in now based on feedback. Different story can be told.

Using Bookings instead of Revenue $RBLX posts a much more respectable 55.7% Gross Margin w/ same exclusions.

Not SaaS levels but not iBuying levels either, phew. :)

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More from @plantmath1

11 Mar
$SKLZ Investor Presentation! Lots of interesting data & charts!

Its fun to watch a new public company find their bearings around earnings. This should have been posted earlier.

I promise last $SKLZ post tonight.

Read for yourself here:…
$SKLZ Some metrics already posted & discussed. ImageImageImage
$SKLZ The GMV chart is interesting. A Q2 bump from lock-down followed by a continuation of their previous growth curve. Image
Read 7 tweets
10 Mar
$SKLZ Earnings call -

First introduced new board members which I spoke about.

First few statements about defending patents and stopping cheating as the core.

Focused on converting users to paid users.
$SKLZ CEO - We have been continually investing in synchronous gaming categories from RTS, FPS, racing genres. Synchronous content will expand our universe even more.
$SKLZ We have made significant investment in architecture for reliability and fast natured content.

$SKLZ In Q4 grew headcount by 64% (WOW). New investments in payments and software.
Read 19 tweets
10 Mar
$SKLZ Earnings: Image
$SKLZ Q4 Revenue increased 95% YoY and 13.3% Sequentially from Q3. FY20 Revenue above winter SPAC estimates by ~$5M. (fixed tweet location) Image
Struggling to find anything to write about LOL. Not as complicated as $FSLY. The numbers are all there. $SKLZ
Read 5 tweets
8 Mar
Wolfpack, before slandering a company by insinuating they faked a partnership with the NFL, consider looking at the NFL's own communications site.

$SKLZ - Wolfpack, do you know people can look this stuff up? The largest existing shareholders sold less than 2% of their holdings in the offering. If I own 100 shares of $AAPL and sell 2 shares, that doesn't make me bearish on the company.

Wolfpack's short report on $SKLZ says "We’ve rarely experienced so many interviews with former employees who universally share such a negative opinion of their company’s CEO as we did with SKLZ and Andrew Paradise."

Compare to Glassdoor 85% CEO approval with nearly 200 reviews. ImageImage
Read 10 tweets
20 Feb
After some thought, my mistake with #Bitcoin was taking its stated purpose(s) at face value.

Some $BTC proponents say it will be a global currency alternative to the dollar.

Some say its is simply an alternative to gold, aka an inflation hedge.
I accepted that it could be both. A currency and a "gold" / inflation hedge.

Neither of those make $BTC interesting to me as a growth investor.

I have no interest in hedging inflation as I don't carry any cash. Stocks themselves are a hedge against inflation.
I've never bought TIPS, gold, or REITS.

Likewise for other currencies.

I've never owned other currencies to hedge against the devaluing of the dollar. I simply own a few international growth companies to take advantage of it.

I don't think many others have either.
Read 7 tweets
31 Dec 20
SPAC $NOVS merging with AppHarvest (to be $APPH)

Looks very.. curious (cough)..

Short thread:

Its a "high-tech" greenhouse/hydroponic grow operation.

They just completed construction and planted their first harvest in their first building in October 2020 (2 months ago, yes) Image
They call themselves a "high-tech greenhouse company"... Image
.. but all of their technology listed is outsourced from a host of companies.. ImageImage
Read 9 tweets

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