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  "documentTitle": "DoubleVerify Holdings, Inc. (DV)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "DV should explain how over $51m and $155m of goodwill and intangible assets aren't at least partially impaired.",
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      "text": "Existing Products Lack Patents And New Product Development Also A Concern",
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      "text": "ABS Its Biggest Revenue Product And Penetration Looks Saturated With Growth Slowing",
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      "text": "share price: 35% - 45%",
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      "text": "DV's core product was described as an early technology leader, but it has weak patent protection. New product development appears to struggle, and acquisitions of new technology appear to have failed.",
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      "text": "DV has made multiple acquisitions designed to bolster its technology offering and expand its client base but they also appear challenged and unsuccessful.",
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      "text": "DV's revenue has been substantially driven by one product introduced in late 2018. Evidence indicates that ABS's product growth is slowing, and new product development is challenged.",
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      "text": "A former DV executive interviewed by Tegus said he/she worked on the product development and wasn't a believer that it would drive performance. That opinion appears to have merit.",
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      "text": "Spruce Point Estimates 35% - 45% ($15.90-$18.80/sh) Downside Risk To DoubleVerify (DV) Share Price",
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