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  "documentTitle": "Kratos Defense & Security Solutions (KTOS)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2018-03-16 00:00:00",
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      "text": "Spruce Point has evaluated thousands of financial statements over the years, but we have never seen an income statement charge called “unused office space” which Kratos repeatedly discloses. We are not buying what Kratos is selling",
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      "text": "Annual and Cumulative Charges Labeled With Unused Office Space By Kratos",
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      "text": "EBITDA add-backs: $35.3",
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      "text": "Source: Kratos 2016 results / Kratos Financials",
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      "text": "Kratos Adds Back To EBITDA table",
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      "text": "Questionable Charges, Aggressive EBITDA Presentation",
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