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  "docSlug": "85d244dae869",
  "documentTitle": "DoubleVerify Holdings, Inc. (DV)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-05-02 00:00:00",
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  "notes": "The slide uses red boxes to highlight the Investing and Financing sections of the cash flow statement to show the absence of the expected payment.",
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      "kind": "callout",
      "text": "Where is the actual $5.6 million payment that was made in 2022? It is not recorded through the financing or investing section as related to the acquisition. Did it go all through the income statement and reduce operating cash flow?",
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      "text": "cash flow: $5.6 million",
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      "text": "Note: $601 of contingent payment was also made in 2019",
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      "text": "Source: 2022 10-K",
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      "text": "Consolidated Statements of Cash Flows for DoubleVerify Holdings, Inc. (2020-2022)",
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      "kind": "title",
      "text": "Where Is The Zentrick Termination Payment?",
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      "name": "Cost Of Inaction",
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      "evidence": "The document implies that investors may face significant losses if they do not consider the downside risks to DoubleVerify's share price.",
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