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  "docSlug": "81a891429a42",
  "documentTitle": "Super Micro Computer, Inc. (SMCI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-01-10 00:00:00",
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  "notes": "The slide highlights a lack of transparency regarding a major customer concentration.",
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      "kind": "callout",
      "text": "Based on SMCI's recent 10-K and 10-Q disclosure we see the growing profile of a large customer. However, SMCI does not disclose this customer in its SEC filings or on its conference calls.",
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      "text": "customer concentration: 21.9%",
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      "text": "Source: Q2'22 10-Q, Q3'22 10-Q, 10-K, Q1'23 10-Q",
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      "text": "Concentration of Risk Disclosures table showing dates and corresponding SEC filing excerpts.",
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      "text": "Warning: A Large Customer Appears To Be Significantly Driving Recent Revenue Performance",
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