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  "documentTitle": "Samsara Inc. (IOT)",
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  "notes": "The table compares 'Post Change' vs 'Pre Change' financials to demonstrate the impact of the accounting policy shift on EBITDA.",
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      "text": "We find the two-year period notable insofar it is closer to where we believe current contract lengths (and device useful lives) are in the market, and not 5 years as assumed by Samsara.",
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      "text": "Prior policy immediately expensed hardware, installation and carriage costs. From 2022, recognition of these costs will be over initial expected contract term of two years.",
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      "text": "Quartix is a UK-listed fleet telematics company that sells largely in the U.K., France and the U.S. The Company recently changed its accounting policy regarding hardware, installation and carriage costs to align its practices with peers.",
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      "text": "Source: Quartix FY2022 Presentation, Fleetmatics Citi Tech Conf (Sept 2015) and MiX Telematics Analyst Day (Sept 2016)",
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      "text": "Quartix Recently Updated Its Hardware Amortization Policy To 2-Years",
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