$Palantir Technologies Inc.(PLTR)$
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% precent 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.