| From: Paul H. Christiansen | 2/17/2023 2:06:10 PM | | | | | | Confluent (CFLT) . . . A very compelling growth story.
2023-01-23 – 2022Q4 Earnings Call Transcript – Remarks by CEO Edward Kreps
Exiting 2023 less than one year from now, we will be a market leader in a deeply strategic space, operating a profitable business and driving sustained high growth in a very large market. This market leadership is driven by our platform differentiation and the significant TCO advantages we deliver to our customers. To better illustrate that, let me share our customer story.
Wix is the leading website development platform in the world, which in turn serves around 1 billion unique visitors each month. Data streaming is at the heart of many of the digital experiences their clients create, from online bookings to e-commerce to personalized content, and Wix's data streaming journey, like so many others, began with open source Kafka. They quickly discovered, however, that the open source approach required heavy DevOps resourcing and resulted in challenges with scale, time to market, reliability and latency.
Ultimately, they (Wix) chose Confluent Cloud to mitigate risk, reduce costs and increase productivity. That migration quickly resulted in a 90% ROI. This is just one of many examples that shows the strength in the underlying demand for our data streaming platform. This is because Confluent serves operational workloads that are directly responsible for driving the core operations of our customers, making this a key element of their digital strategy going forward. In fact, IDC predicts that by 2025, event streaming technologies will be used by 90% of the Global 1000 to deliver real-time intelligence to improve outcomes such as customer experience. And in a separate study, IDC found that of the companies that are currently using streaming data, over 80% have plans to invest in new streaming capabilities in the next 12 months to 18 months.
Today, our product is the category leader in data streaming platform technology bar none. The key focus for us is ensuring we continue to stay ahead as this category grows and evolves. One critical element of these investments that I want to discuss today is stream processing, that is technology to enable our customers to build applications on top of the real time data streams that Confluent provides. A simple way to understand the importance of stream processing is by analogy to the world of data at rest in traditional databases.
A database solves two problems. It acts as a store of data, and it executes queries that process the data. This combination of data and processing is what makes databases so easy and ubiquitous. A similar combination of capabilities is needed as we move from data at rest to data in motion. In the world of data in motion, data isn't just stored. It's a continual stream that updates as the world changes.
Select here for CFLT's Up-to-date Revenue Growth Chart |
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| From: Paul H. Christiansen | 2/17/2023 2:30:13 PM | | | | | | Palantir (PLTR) . . . is Alex Karp finally learning the virtues of capitalism? We think so and have added PLTR to our Model Portfolio
2023-02-13 - Annual Letter from Alex Karp 
Select here for complete letter.
Sincerely,
Alexander C. Karp
Chief Executive Officer & Co-Founder
Palantir Technologies Inc.
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| From: Paul H. Christiansen | 3/3/2023 3:22:43 PM | | | | | | 2023-03-01 – Desktop Metal (DM) “snippets” taken from CEO Ric Fulop during DM’s 2022Q4 Earnings Call Transcript
But amidst a dynamic backdrop, our long-term mission remains the same to enable mass production via AM 2.0 to cost effectively compete with conventional manufacturing. Globally, there is more than $16 trillion a year in manufacturing industry spend. With estimates projected in the additive manufacturing market to grow to $100 billion by the end of the decade, this still represents less than 1% penetration in overall manufacturing. We believe we are just scratching the surface for the market potential. And as we disrupt the overall AM market with our unique mass production technologies, expect a large arc of multi-decade growth for Desktop Metal.
Importantly, mass production is the fastest growing segment in the additive manufacturing space, because it unlocks benefits of lower cost production, onshoring and supply chain flexibility, inventory of one and part design possibilities unavailable through traditional manufacturing, among other benefits. Desktop Metal is the pure-play on the AM 2.0 mass production opportunity, just beginning to inflect.
Today, our installed base includes over 7,000 customers over a diverse set of end-use markets with little or no customer concentration risk, providing us an expansive set of customers through which we can drive both consumables’ revenue, up-sell and cross-sell of our platforms. We are also committed to protecting the competitive differentiation around Desktop Metal products. We have built a robust and defensible intellectual property portfolio at over 950 issued patents and pending applications and it’s one of the largest and most valuable IP portfolios in additive manufacturing. This is a snapshot of the company we have built today. We believe these proof points serve as validation of our ability to quickly disrupt the additive market again and quickly gain scale. We are building this business with a 20-year horizon. We are just getting started and our best days are ahead of us.
Desktop Metal has a massive long-term growth opportunity that we are just beginning to scratch the surface of. Our market is expected to grow at a compounded annual growth rate of over 20% to reach approximately $100 billion by the end of the decade and the trends supporting broad adoption of additive manufacturing remains solidly intact. Importantly, we believe we are the leaders in the fastest growing segment of the AM market, mass production. |
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| From: Paul H. Christiansen | 3/9/2023 4:04:12 PM | | | | | | 2023-03-09 – Desktop Metal (DM) Tidbits
On March 1st or 2nd, 2023, a rumor was circulating that Apple and DM had entered a business relationship. That rumor caused an extraordinary percentage increase in DM’s price and volume on March 2nd . . . Volume increased 658% and price increased 36%. This speculation was related to the following quote from DM’s 2022Q4 earnings release.
“Commenced shipments of Production System™ P-50 in 2022 including continued traction with automotive, industrial, and other major end markets. Recently signed master supply agreement with one of the largest consumer electronics companies in the world.”
The following YouTube videos provide excellent analyses of DM’s history and future potential.
youtube.com
youtube.com
youtube.com |
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| From: Paul H. Christiansen | 5/10/2023 2:11:53 PM | | | | | | Big institutional bet for Xometry (XMTR)
| Xometry (XMTR) - Institutional Investor Ownership Changes | | Source: UV Metrics.com | | | Previous Position | New Position | | Date | Institution | Shares | Shares | % Owned | % Change | | 30-Apr-23 | Primecap Management | 1,907,508 | 6,111,045 | 13.6% | 220.4% |
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