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  "documentTitle": "Zebra Technologies Corp. (ZBRA)",
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  "presentationDate": "2024-08-08 00:00:00",
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      "text": "Given the inventory revision, Spruce Point is concerned that Zebra no longer provides a table showing contractual purchase obligations over the next five years which is a typical SEC disclosure.",
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      "text": "Given the inventory revision, Spruce Point is concerned that Zebra no longer provides a table showing contractual purchase obligations over the next five years which is a typical SEC disclosure. Even more concerning, Zebra averted putting charges associated with inventory supply contract revisions through COGS.",
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      "text": "On the supply front, we continue to work with our contract manufacturers to draw down component inventories... In Q4, we renegotiated 2021 agreement with a key electronic component supplier, incurring a $10 million expense.",
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      "text": "On the supply front, we continue to work with our contract manufacturers to draw down component inventories, and we are substantially complete with renegotiations of long-term supply commitments. In Q4, we renegotiated 2021 agreement with a key electronic component supplier, incurring a $10 million expense. The revised agreement cancels a portion of the multiyear volume commitment and increases purchasing flexibility. — Q4 2023 Conference Call",
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      "text": "Source: Annual Reports and Q4'23 Conference Call",
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      "text": "Inventory Supply Charges Through Opex And Not Cost of Sales?",
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