I think FTK is uniquely positioned to increase its market share in Europe.
One think I don’t like is their pro forma figures. They exclude SBC provisions from SARs issued in 2020. This is totally deceiving since SBC is a very real operating expense (its actually a cash expense that just takes gets recorded in parts earlier). I am pretty sure that when SARs get exercised, management will exclude the corresponding cash expense. Don’t you think that this is a sign of management dishonesty, trying to paint a brighter picture?
Very informative analysis.
I think FTK is uniquely positioned to increase its market share in Europe.
One think I don’t like is their pro forma figures. They exclude SBC provisions from SARs issued in 2020. This is totally deceiving since SBC is a very real operating expense (its actually a cash expense that just takes gets recorded in parts earlier). I am pretty sure that when SARs get exercised, management will exclude the corresponding cash expense. Don’t you think that this is a sign of management dishonesty, trying to paint a brighter picture?