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  "documentTitle": "Leidos Holdings, Inc. (LDOS)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2021-02-16 00:00:00",
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      "text": "In 2020, LDOS is now backdating organic growth for IMX as follows: Q3'19: $12m, Q4'19: $6m, Q1'20: $11m. In Q3'2020, LDOS is now revising organic growth for IMX as follows: Q3'19: $6m, Q4'19: $12m, Q1'20: $11m",
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      "text": "Note in 2019, LDOS does not adjust organic revenue growth for the IMX Medical acquisition",
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      "text": "In 2020, LDOS is now backdating organic growth for IMX as follows: Q3'19: $12m Q4'19: $6m Q1'20: $11m",
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      "text": "Organic Revenue Calculation tables from Q4 2019, Q1 2020, and Q3 2020 presentations",
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      "text": "Spruce Point takes Leidos' organic growth calculations with a grain of salt. For 2019, we believe it overstated organic growth by not adjusting for the IMX medical acquisition. Now more than a year later, it is revising IMX's first revenue contribution lower by 50%. LDOS Health Group President Pollack, and SVP of Corporate FP&A and former CAO Chadha, both resigned in March 2020.",
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      "text": "1) Pollack 8-K and Chadha SVP for Financial Planning and former CAO 8-K",
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      "text": "We Don't Believe Leidos' Organic Growth Can Be Trusted. Here's Evidence It's Overstated And Manipulated",
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