Daily Brief United States: PAR Technology , Immersion Corporation, Kbr Inc, AppFolio Inc A, SentinelOne , Flame Acquisition , DoubleVerify, Bitcoin, Dolby Laboratories Inc Cl A, HighPeak Energy Inc and more

• Interview with Scott Miller, CIO at Greenhaven discussing Par technologies and recent developments
• Par technologies is a stable point of sale software company focused on food services industry
• Company has shown strong progress in organic growth and acquisitions, with potential for further upside in the stock market

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• IMMR is using the gains from Q124 to make an investment in BNED. IMMR intends to invest $45 million to purchase new shares at $0.05 per share.
• IMMR’s stock continues to trade at a slight premium to cash even though the operating business has continued to expand in auto
• IMMR disclosed it ended the first quarter of 2024 with approximately $200 million in shareholder equity. This would equate to a sequential increase of approximately $17 million

• KBR, Inc. achieved solid results in the Q4 and FY 2023, meeting or exceeding expectations on all key metrics.
• Revenue grew by 11%, and adjusted EBITDA by 12% year-on-year, with margins increasing to 10.7%.
• Cash management was a highlight, with the company settling both the convert and warrants in cash, reducing share count while avoiding dilution, and management described it as ‘delivering on its commitment to maximise shareholder return.’ The company ended the year with a good order backlog, providing visibility of future earnings potential.

• AppFolio, Inc. has shown a steady growth pattern in its fourth quarter of 2023, which according to the results, has been due to a sharp expansion in innovation alongside profitable growth.
• In the final quarter, the revenue of the company increased by 39% year over year reaching $172 million.
• This steady surge has contributed to an annual increase of 31%, pushing the total to $620 million.

• SentinelOne closed the year with stellar performance, surpassing its fourth-quarter expectations across all metrics, including revenue, gross margin, and operating margin.
• Moreover, the company reported its annual recurring revenue (ARR) grew by 39% year-over-year to $724 million, primarily due to new customer acquisitions and strong expansion rates.
• The growing interest in AI-powered security solutions, driven by the rising incidence of cyberattacks, is resulting in robust demand for SentinelOne’s offerings.

• Flame Acquisition Corp (FLME) is merging with Sable Offshore in a $1 billion deal to acquire and revive oil and gas assets in California
• Strong investment demand seen with SPAC shares trading above cash value and $520 million raised in PIPE capital
• Deal offers high-quality asset, access to infrastructure, attractive pricing, strong balance sheet, and capable management team, with a 30-50% discount to peers and limited downside risk pre-deal close

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• DoubleVerify Holdings, Inc. continues to deliver decent results.
• Revenues, which increased by 27% to reach $572.5 million, underlined DoubleVerify’s successful third year as a public company.
• Additionally, the company’s platform processed over seven trillion billable media transactions across various digital media devices and formats.

• In issue #17 of Crypto Moves, we described MicroStrategy’s co-founder and Chairman, Michael Saylor, as today’s Satoshi Nakamoto when it comes to Bitcoin narratives.
• While Satoshi Nakamoto was the creator of Bitcoin and the miner of its genesis block, Michael Saylor has emerged as a key leader in the last few years, promoting and supporting the current narratives that have driven Bitcoin to new peaks.
• These narratives have primarily centered on Bitcoin being a store of value, especially as an inflation hedge and a safe haven during economic crises and geopolitical instability.

• Dolby Laboratories saw revenue for the quarter in line with expectations, and earnings better than anticipated.
• This positive update on earnings should please investors and cement confidence in Dolby’s financial stability.
• The company highlighted three key points: the macro-economic environment, the company’s business and product momentum, and some closing thoughts.

• HighPeak has pivoted its FY24 development plan to concentrate on free cash flow generation from growth.
• Our updated adjusted EBITDA and free cash flow estimates, incorporating NYMEX reference prices of $79.19/bbl for oil and $2.33/MMBtu for natural gas, are $858 million and $168 million, respectively.
• FY23 free cash flow was negative $271 million.