I love underwriters. This piece of shit just came public on July the 29th, 2016. Today, on August the 25th, 2016, it has been destroyed.
The usual suspects are to blame, investment bankers who didn’t bother to do basic due diligence and identify potential immediate red flags.
Goldman Sachs, JP Morgan and Barclay’s led the charge on this bowser.
Here are the details.
- Reports Q2 (Jun) loss of $1.84 per share, $1.53 worse than the Capital IQ Consensus of ($0.31); revenues rose 38.0% year/year to $25.4 mln vs the $25.1 mln two analyst estimate.
- Free cash flow was ($2.1) mln, compared to free cash flow of ($4.3) mln for 2Q15, an improvement from (23%) to (8%) of revenue for the period. For the first half of 2016 TLND was approximately free cash flow breakeven.
- Co issues guidance for Q3, sees EPS of ($0.27)-($0.24) vs. ($0.25) Capital IQ Consensus Estimate; sees Q3 revs of $26-$27 mln vs. $25.64 mln Capital IQ Consensus Estimate.
- Co issues guidance for FY16, sees EPS of ($1.01)-($0.93) vs. ($0.97) Capital IQ Consensus Estimate; sees FY16 revs of $103-$105 mln vs. $101.81 mln Capital IQ Consensus Estimate.
Here is the CEO of Talend, Mike Tuchen, explain why he chose to go public and why his company was such an enticing bargain for investors. Fucker.
Shares are down 20% in the after hours.
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Unreal. These assholes should be fined for this. There is no doubt in my mind that they had perfect visibility to operating LOSSES for the first quarter as a public company. Instead these bastards get absurd underwriting fees.
The days of buying an ipo and getting rich died decades ago. The scam is what it is.
I believe there was an unwritten rule that you have at least the first couple of quarters after going public in the bag. This is criminal and the underwriters should be investigated as well for malfeasance.
This is why I didn’t buy TWLO in the beginning. I regret that decision.
Underwriters made their dough.
Fly- care to opine what Mr. Lampert will do with his personal possession of the Sears real estate?
Where I work, the underwriters are easy to identify because they all wear polo shirts. They look ridiculous with that shit on at work. Red flag right there.
I sense there is going to be a massive lawsuit from this. I hope they sue the fuck out of the underwritters and everyone else involved in this fraud.
Q: What are you planning to do with the proceeds?
A: Well we clearly don’t need to spend it on the business because we’re already cash positive?
Huh???
So you’re trying to say that you have so much money saved up that you didn’t even need to go public to raise funds to continue to grow?
This guy is a complete fraud, and that question and answer prove it!