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  "docSlug": "c1709c763a52",
  "documentTitle": "Resideo Technologies, Inc. (REZI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2026-01-27 00:00:00",
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  "notes": "Uses a 'nothing' callout to highlight the absence of data as a negative signal.",
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      "kind": "callout",
      "text": "This factor, along with REZI now signaling that third party services are being used to develop products, suggests to us that any revenue uplift from new product introductions is likely to slow.",
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      "kind": "paragraph",
      "text": "There is a strong clue that ADI's revenue momentum will slow in the coming quarters. From Q3'24 through Q2'25, ADI President Aarnes referenced the number of new product and SKUs launched. However, in Q3'25 he conspicuously stopped referencing new product launches.",
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      "kind": "quote",
      "text": "And we're now to the point where if you take Snap out of the equation, look at our exclusive brands line. We're launching over 200 new products a year across all of our categories. That's driving a lot of that growth. That's part one. — Robert Aarnes, Q3'24",
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      "kind": "source-note",
      "text": "Source: REZI Earnings Conference Calls",
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      "text": "New Product Quotes By ADI President Robert Aarnes",
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      "kind": "title",
      "text": "We View It As A Negative Signal That REZI No Longer Quantifies New Product Launches",
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