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  "documentTitle": "Resideo Technologies, Inc. (REZI)",
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      "text": "Still no mention of the effect on cash flow specific to Snap, which was projected to generate ~$90m of cash flow in 2025.",
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      "text": "After closely evaluating REZI's recent cash from operations discussion, we are alarmed by its inability to explain what the exact impact has been from the Snap deal. However, we identify numerous new disclosures that indicate changes in business practices and/or previously undisclosed issues. For example, REZI referenced \"supply chain optimization\" which suggests something has not been functioning properly.",
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      "text": "Source: REZI and Snap SEC Filings",
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