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  "documentTitle": "Tempus AI, Inc. (TEM)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-05-28 00:00:00",
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  "notes": "The slide uses a combination of SEC filing screenshots and a stacked bar chart to highlight the discrepancy between the company's branding and its actual revenue composition.",
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      "kind": "callout",
      "text": "Eric Lefkofsky has a knack for timing technology cycles... The disconnect between branding and financial reality suggests the name change was more about capitalizing on market trends than reflecting meaningful business transformation.",
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      "text": "The disconnect between branding and financial reality suggests the name change was more about capitalizing on market trends than reflecting meaningful business transformation.",
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      "text": "Draft Prospectuses Filed between Sept. '21 and Nov. '23 Were Submitted Under the Name, Tempus Labs, Inc.",
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      "text": "AI revenue percentage: 1.8%",
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      "text": "Source: DRS (9/1/2021, 11/13/2023), FY24 10-K",
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      "text": "Well-Timed Rebranding: From Tempus Labs >> Tempus AI",
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