PALANTIR SHOCKING Q2 RESULTS LIVE | TOM NASH
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Didn't Palantir just get a deal with NHS (UK)? Oh well, we will get cheap stocks soon if overall mentality of analysts get this sour.
At this point i do consider investing into palantir as a huge mistake.
I feel like the potential is there as a product, but this company is arrogant and has proven itself as not being able to perform.
I love the product and the idea, but this company sucks
I came here for all the "I am not selling" comments. Cheers!
👍🏻
Tough quarter, probably gonna be a tough year. That's fine tho, I'm still dumb long
I expect geopolitical situation in Europe to start paying off in 2023. Short term growing pains. Not worried for the long term.
Tom, a bit too much focused on a single quarter performance, eh?
A few remarks:
It seems you missed the remark that they took a -$0.05 EPS impact "due to loss on marketable securities" – that basically fully explains their EPS miss. Yes, they got caught in the broad 2022 market melt-down – look at their holdings – it's mostly money-losing startups, probably a couple of them with too short cash runways.
Also there was a remark that they "voluntarily terminated several contracts related to investment commitments". Basically saying they are not going to invest more cash into startups to get revenue (which might be in danger due to higher BK risks).
So basically, when businesses are trying to preserve cash or cut costs to weather a coming recession is not a great time to sell expensive enterprise software. Who would have thought that?
I'm also not surprised about them guiding flat revenue for Q2-Q3 because Q3 is a seasonally difficult quarter for B2B due to summer holidays and the recession/inflation situations is still looming.
Karp also mentions his goal is $4.5B revenue in 2025 (that btw is up from ">$4B in 2025" from Q4 2020). So I think the long-term guidance is still intact, although it's probably not to be taken as "official guidance".
Investments aside, having worked with Palantir products (Foundry) for some data ingestion, I can say that it is quite dreadful to use. The workflow is over-prescribed and not flexible at all. The platform is mostly for mid-level managers with no technical skills to play around with and visualize data and pretend to do work.
@Tom Nash.. care to do a revised DCF and price target..?
Damn, I recalled 113 .. got 50 more shares today
does Palantir cares about Tom Nash?
PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!
Maybe Cathy Wood was right about Palantir.
Palantir is in the luggage industry… making new bagholders worldwide
I'm keeping my position, but they'll need to show me a plan to reach out to the developper community for me to keep the stock. My average is fairly low at 11$ so I'm still doing fine.
If Palantir doesn't move on from their thick headed way of getting their product in the hands of copanies and their IT departments, I'm out. I get that they think they are better than everyone and that IT deps are too dumb for them, but that strategy simply isn't going to work. Devs need a way to access the products easily. No dark room deals at midnight in the seedy part of time to look cool and mysterious. That isn't going to work.
Themain thing that will keep me looking for the next 2 years minimum is their number of clients which went up big time from 2021 to 2022. If anything, they proved that revenue from their clients usually take a good 1-2 years to ramp up and truly materialize. If that trend keep up, then current onboarded clients for 2022 will only start to deliver real revenue growth in 2024. With that 200% client growth YoY, that's the main thing that keeps me intrigued
3, ive never missed a more important vote on the internet
The sales philosophy and sales team needs to go, please stop telling selling to investors and market real-world applications to potential customers.
In such product price range sales team will start to deliver in about 12 months. If lucky then maybe 9 months.
@tom nash i will be doing enhanced dollar cost averaging for this stock.
its all f'd up jimmy.
loaded another 100 ..
Did they not get criticized last year for lack of commercial growth? – and now they are focusing on this aspect and spending money in the right areas. 5-10 years outlook is still good. and they are still debt free despite this growth and expenditure.
Those numbers are horrendous. No growth for a growth company? I'm surprised we're not down 30%.
Yes, can har it good!
Good audio
Hey Tom, so glad you did this. My first stop was Amit and then you. I appreciate your work. Thanks and let's keep moving forward.
Yes
Never had to do cocain that early …
Yes
Lol this is dead
Gmorning Tom
Audio check
FIRST MY GUY!