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  "documentTitle": "Samsara Inc. (IOT)",
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  "presentationDate": "2023-09-21 00:00:00",
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      "kind": "callout",
      "text": "We Expect Hardware to Remain a Material Burden on Samsara Financials",
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      "text": "Samsara speaks little about its hardware products (roadmaps, margins, etc.), almost ignoring a key element of its business, and analysts and investors seem happy to oblige. The Company has suggested that its reliance on hardware will decline over time, a trend we find highly debatable. The Company points to an increasing percentage of renewals and OEM integrations, but we question the impacts and realities of both trends.",
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      "text": "Source: Spruce Point Research",
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      "text": "We Question Samsara's Attempts To Deemphasize Its Hardware And Claims of Decreasing Reliance",
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