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  "documentTitle": "TaskUs, Inc. (TASK)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-01-20 00:00:00",
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  "notes": "Uses a timeline-based chart to visually contrast reported revenue growth against contradictory claims.",
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      "kind": "callout",
      "text": "TASK claimed it booked $15 million of revenue in 2014. Another version claims that at a revenue run-rate of $35m million in June 2015, that it doubled revenue (implying $17.5m). One former executive told us revenue in 2014 was just $8.0 million.",
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      "text": "TaskUs Revenue in $ Million",
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      "text": "Revenue: $8.0 million",
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      "kind": "quote",
      "text": "They've got 1,500 employees between Santa Monica and The Philippines, and closed out 2014 by doing $15 million in top-line revenue, increasing from the $6 million they did in 2013.",
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      "kind": "quote",
      "text": "I'm proud to announce that TaskUs is profitable and on a $35 million revenue run rate. We've doubled revenue and headcount in the past five months, and we plan to triple our current revenue and headcount by the end of 2016.",
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      "text": "Revenue was $8 million in 2014",
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      "text": "\"I'm proud to announce that TaskUs is profitable and on a $35 million revenue run rate. We've doubled revenue and headcount in the past five months, and we plan to triple our current revenue and headcount by the end of 2016.\" — PR, June 2015; \"They've got 1,500 employees between Santa Monica and The Philippines, and closed out 2014 by doing $15 million in top-line revenue, increasing from the $6 million they did in 2013.\" — Leveling Up Interview; \"Revenue was $8 million in 2014\" — Spruce Point Interview of Former Executive",
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      "kind": "title",
      "text": "Revenue History On A Shaky Foundation",
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      "evidence": "The presentation highlights multiple causes for concern regarding the co-founder and key financial and accounting professionals.",
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