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  "documentTitle": "Heska Corporation (HSKA)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-10-25 00:00:00",
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      "kind": "callout",
      "text": "Miscalculation: $101.6 million / 100,249 = $1,013?",
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      "text": "Potentially Misleading Disclosure: Is active subscriptions a period average or as of year end? Since international revenue grew by 815% in 2020 due to the scil and CVM deals, the international growth outlook percentage appears wildly exaggerated and not qualified by Heska.",
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      "text": "We find it hard to have confidence in Heska's subscription data given the number of inconsistencies and mistakes.",
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      "text": "We find it hard to have confidence in Heska’s subscription data given the number of inconsistencies and mistakes.",
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      "text": "Minimum contract subscription value ($MM)",
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      "text": "Active Subscriptions: 101.6 million",
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      "text": "Source: Heska January 2021 JPMorgan Conference Presentation, Heska press releases dated 2/23/21",
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      "kind": "table",
      "text": "Subscription Performance table from Q4 2020 Earnings Press Release",
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      "kind": "title",
      "text": "Some Numbers Corrected, While Others Are Now Incorrect? Lack of Clarity With International",
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