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  "documentTitle": "Porch Group Inc (PRCH)",
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  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-08 00:00:00",
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      "text": "In 2019 cash burn improved in the second half of the year. In 2020, cash burn intensified",
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      "text": "We believe Porch's business was falling apart in the second half of 2020 and it burned a massive $31.7m in the quarter leading up to the deal closing. This even includes the benefit of divested businesses in 2019 and 2020.",
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      "text": "Operating Cash Burn: $31.7m",
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      "text": "Source: Porch S-4 and Prospectus",
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      "text": "Analysis of Porch's Operating Cash Burn table showing 2019 and 2020 quarterly and cumulative cash burn figures.",
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      "text": "Porch's Business WORSENS Into Deal Closing",
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