Tech: Snap's Honeymoon Is Over
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 12 May 2017
⏱️ 29 minutes
🧾️ Download transcript
Summary
Snap's first quarter of financial results are out, and the numbers... weren't so great. We sort through the report, and dig into the details we didn't get in the company's original prospectus.
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| 0:00.0 | Thanks to Herries for supporting Industry Focus. |
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| 0:09.2 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:16.0 | It's Friday, May 12th, and we finally got our hands on Snap's first earnings release. |
| 0:20.0 | I'm your host Dylan Lewis, and I'm joined on Skype by Evan New. |
| 0:24.0 | Evan, how's it going? |
| 0:26.0 | Pretty good. I'm having way too much fun watching Snap Tank today. |
| 0:30.0 | I have to admit. |
| 0:31.0 | Well, you do have a little bit of options action with Snap right? Right so I am |
| 0:35.2 | short, small, short position with some puts so you know I am enjoying the action today. |
| 0:41.6 | Well even without having any skin in the game so to speak I will |
| 0:45.1 | say that this was the earnings report I was most looking forward to this |
| 0:48.1 | quarter you know we got a look at Snaps prospectus you know a couple back, but you talk about when a company goes public |
| 0:55.6 | and the idea that very often it's when it's in the company's best interest or current |
| 1:00.0 | management's best interest to go public. |
| 1:01.8 | The numbers look maybe as good as they're going to for a while |
| 1:04.4 | until they figure out monetization. I certainly thought that that was the case of Snap seems like you probably did too. |
| 1:10.9 | Yeah I mean I think know, generally speaking, IPOs are, I consider IPOs like a marketing |
| 1:17.2 | event because you know, you go on this road show, you're drumming up interest, and you have to have |
| 1:21.6 | some numbers, of course, to back it up, but it's really about how you spend numbers and how you tell your story and if you haven't good a good road show then you have a good IPO you raise a bunch of money but now we're at the first public earnings release and I think that's really kind of the wake-up call for any company that goes public recently and it's really just kind of the first big test of, you know, okay, now that we're public because obviously earnings |
| 1:44.4 | releases are a regular quarterly thing and now you get to follow a company on ongoing basis. |
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