Tom Nash
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10 Surprising Facts About PLTR Most People Don't Know
🕑 Added 2021-05-24 05:54:14 +0000 UTCHey this is Tom, and here are some FACTS about PLTR that MSM isn't telling you.
- Palantir revenues went up are up 112% over the past 2 years. The Q1 2019 revenues were $160 million. The Q1 2021 revenues are $340 million. Simple.
- During the same 2 years, the gross profit of PLTR went up by 142%, from $110 million in Q1 19 to $267 million in Q1 21.
- PLTR, unlike the nonsense you hear on MSM and some of these fools pretending to be value investors, is net cash positive for the past 3 quarters, bringing net POSITIVE cash of 820 million in the past 3 quarters, so the whole losing money argument, is just lack of accounting skills by some of these morons.
- During the past 2 years PLTR spent almost a billion dollars (960M) on R&D, research and development, building and improving their technology, which is the best investment you can make an innovative tech company.
- I think most people are confused about PLTR, it has 2 different companies working under the same legal structure. The federal government contractor is a 17 year old company while the commercial business is about 1 year old at best, just now starting to roll out. Want proof that the commercial business of PLTR is brand new? Look in the R&D expenses, the company went from 75 million on average per quarter to 313 million in Q3 2020, and since then spent about 100 million per quarter, meaning 53% of its entire R&D spend during the last 2 years happened in the past 9 months, building and launching the Foundry platform.
- Palantir has a 200 million dollar long term debt and a total of 400 m of dent, and 2.4 billion USD in cash on their books. Meaning, it could easily repay that loan, but probably wont due to low interest rates.
- PLTR has 3 billion in total assets, without any goodwill or any other BS, while their liabilities are 1.2 billion, more than double assets with liabilities, but its even better when you look at current liabilities - 600 million, 5X ratio, that’s not bad.
- PLTR is not trading at a premium vs its comparable companies, PLTR has price to sales ratio of 22, which isn’t low, but look at snowflake (warrens company) at 55, meaning they make half the income PLTR generates compared to the price, what about c3 ai with a 35 ratio of price to sales? The value ratios don’t lie, its trading right on par with its comparable and industry.
- In Q1, the company hired 50 more salespeople, which is a 3% percent increase to its entire workforce just to support the sales of their new commercial platform.
- The govt business is not stagnating, you kidding me, it grew 76% in q1 2021 vs q1 2020 and is now at 200 million per quarter. Not to mentioned a slew of new contracts including a $90 million five-year deal with National Nuclear Safety Administration.
Comments
Florian Ren
I'm bullish on PLTR but I have some worries. And the biggest one is that PLTR is selling huge quantities of shares that dilute the current shareholders. I think that this should be taken into account when investing. I guess that current shareholders will be diluted even more in the near future. Here are my thoughts about some of the points: 3. PLTR is net cash positive the last 3 quarters only because they sold equity (most of the cash is coming from "Cash from Financing". If we look at the "Cash from Operations" for last year, it is positive only the last quarter. 6. PLTR has tons of cash because they sold massively their equity. They have cash not by borrowing but by selling shares. The fact that their debt is low should not be seen as something extremely good. 7. PLTR has 3b$ in total asset mostly because of the 2.4b$ of cash they received from selling equity. For a company valued at cerca 50b$, they still have room to increase their cash and so their total asset. 9. The SG&A expenses are huge (almost equivalent to revenues) which is quite scary What do you think? Thx!
Siem te Hennepe
I would recommend watching EverythingMoney about Palantir if you want a bear case
Pete Baker
Time to diversify slightly. Listen to Tom and Dave Lee and you'll know what I mean.
Pete Baker
I agree. We need to hear some balanced and accurate risk analysis. Otherwise why wouldn't you go all in?
Felix
This is GOLD baby. I am 100% in Tesla, but I appreciate this information
Andrew Rice
I work in a similar field to PLTR in the one government market that they don't (currently) work in. Their tech demos to the general public are gibberish but to me they sound like overpromising magic talk. If they are not overpromising and they can actually do what they say (I believe they can) there is no other tech firm even close to them. I have worked with engineers at the other big tech firms that would do this stuff and there is no way they could pull it off any time soon. OK... so what's the bear case? I honestly can't find a good bear case and I think it is healthy for us to have one. Is there a respectable red team here? The video that was calling out Nash for being optimistic couldn't even defend their points. Help (I am worried about falling down an optimistic rabbit hole here).
Ahmad homudah
i increased PLTR to be 8.3% of my portfolio
Alberto Quevedo González
Many thanks Tom. It is very clear for me. I'll continue buying more Palantir shares. Long PLTR!!
Savu Silviu Corneliu
So buy more deep ITM 2023 leaps or shares?
Dāvis Palaps
this means one thing: add more PLTR. 😄
Isaac Ker
Gonna keep dollar cost averaging
David Kamnitzer
Thanks Tom. You're the best!
Nick
Pltr is a game changer!
Peter Socha
Interesting comment about it being two companies, gives it a good growth outlook. Hopefully the Foundry portion isn't too expensive to implement because making it free for a year sounds like a lot of loss if the salespeople can't convince them to sign up asap.
Horsegal33
wow, i might have to buy some more!
Žilvinas Navickas
Great post, much thanks
Agung shafari
LONG PALANTIR!!
