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  "documentTitle": "TaskUs, Inc. (TASK)",
  "authorId": "54_Spruce_Point_Capital",
  "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 red and orange boxes to highlight specific mathematical inconsistencies in the table.",
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      "kind": "callout",
      "text": "When we evaluate TASK's reporting of its revenue tied to Facebook, we find anomalies. For example, the reporting of the 6 and 9 month revenue contribution should imply the Q3 revenue figure, which doesn't match. Quarterly results also do not match the 9 months results. There's at least a $3m delta in the 2021 figures. It's possible the effect is from rounding.",
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      "text": "When we evaluate TASK's reporting of its revenue tied to Facebook, we find anomalies. For example, the reporting of the 6 and 9 month revenue contribution should imply the Q3 revenue figure, which doesn't match.",
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      "text": "Facebook revenue contribution: $3m",
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      "text": "Source: TASK prospectus, Q2 and Q3 10-Q",
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      "text": "Table showing Total Sales, Half Yr Sales, 9M Sales, and percentage contributions across various periods from FY 2019 to Sept 2021.",
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      "kind": "title",
      "text": "Revenue Reporting For Facebook, Its Largest Customer Is Not Adding Up",
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