{ "docId": "019dd923-622c-750b-8b98-e0497bacd3c2", "docSlug": "44aa04154472", "documentTitle": "Align Technology, Inc. (ALGN)", "authorId": "54_Spruce_Point_Capital", "authorName": "Ben Axler", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2020-04-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 49, "pageCount": 84, "prevPage": 48, "nextPage": 50, "slideType": "cite_precedent", "function": "cite_precedent", "density": "overcrowded", "nDataPoints": 4, "notes": "Uses a mix of news clippings and expert testimonials to build a case for uLab's market disruption.", "elementsJson": [ "headline_text", "paragraph", "callout_box", "screenshot", "quote_block" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b98-e0497bacd3c2/49", "deckHref": "/decks/019dd923-622c-750b-8b98-e0497bacd3c2", "deckJsonHref": "/decks/019dd923-622c-750b-8b98-e0497bacd3c2.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-e0497bacd3c2#slide-49", "components": [ { "bbox": { "h": 0.12, "w": 0.14, "x": 0.05, "y": 0.35 }, "kind": "callout", "text": "uLab Attracting Institutional Capital", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cdcf6712-6f22-4776-a7f3-5f718ebbc3e6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.14, "x": 0.05, "y": 0.59 }, "kind": "callout", "text": "uLab Attracting Strong Doctor Interest On Only A Limited Launch", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e2f3e252-4b25-4707-b6b0-944b9b9dd191", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "With the aligner printing software space finally attracting innovators which are addressing historical shortcomings among in-house 3D printing software, Spruce Point believes that one of the major bottlenecks prohibiting more widespread in-house aligner printing is set to collapse.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-0391-77f4-a9e6-5ce1aa74ade7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.91, "x": 0.05, "y": 0.16 }, "kind": "paragraph", "text": "Just as did OrthoClear ~15 years ago, uLab is making quick inroads among orthodontists. It already has 250 doctors trained on its system and 65,000 annual cases since early 2019...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4507f243-70b8-4c20-9513-58a2e9dd2fe2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.91, "x": 0.05, "y": 0.87 }, "kind": "paragraph", "text": "With the aligner printing software space finally attracting innovators which are addressing historical shortcomings among in-house 3D printing software, Spruce Point believes that one of the major bottlenecks prohibiting more widespread in-house aligner printing is set to collapse.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5cb4894d-262f-4042-a1d1-edd53ecf6514", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.35, "x": 0.62, "y": 0.53 }, "kind": "quote", "text": "The uLab software is advancing very rapidly. They are developing attachments that will allow an orthodontist to do the most comprehensive cases by just using clear aligners.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "52f44a67-bfff-4736-9253-a7bf5d04d7b8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.35, "x": 0.62, "y": 0.63 }, "kind": "quote", "text": "With uLab, I can now do combo cases. Wires and brackets are often much more efficient for certain necessary movements. When I am doing combo cases, I am completing them much faster.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "81f6bf3a-f680-4b0b-a798-1901edfcdb33", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "\"The uLab software is advancing very rapidly. They are developing attachments that will allow an orthodontist to do the most comprehensive cases by just using clear aligners.\" — Dental Consultant; \"With uLab, I can now do combo cases. Wires and brackets are often much more efficient for certain necessary movements. When I am doing combo cases, I am completing them much faster. I would guess that I am completing cases 6 months faster.\" — Orthodontist; \"uLab has a huge waitlist to use [the software].\" — Dental Consultant", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-0391-77f4-a9e6-62561d8b38b2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.65, "x": 0.31, "y": 0.03 }, "kind": "title", "text": "uLab Making Quick Inroads Among Doctors And Venture Capital", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "642f1410-3316-4986-9b24-22e18085bac7", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "authority-citation", "slug": null, "matchId": "31ae9303-7d10-4978-9c31-1e878f289cc7", "evidence": "Uses news clippings and expert testimonials to validate claims.", "confidence": 0.9 } ], "arcBeats": [ { "to": 84, "from": 41, "beatId": "422ae0e1-bf81-40de-97fd-5008b09953d5", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document presents Spruce Point's short sell opinion and argues that the stock is poised for significant downside.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 50, "from": 40, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "8cb62e0c-7255-43bd-a985-20d6eb7e3ffa", "evidence": "The document presents a detailed analysis of the competitive threats and their impact on Align Technology's business model.", "position": 1, "objective": "How do the competitive threats impact Align Technology's business model?", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }