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  "documentTitle": "Enfusion, Inc. (ENFN)",
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  "presentationDate": "2024-03-14 00:00:00",
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      "text": "Spruce Point has serious concerns with Enfusion's description of Platform Revenue drivers in 2022. A major discrepancy occurs with the implied impact from Q4'22.",
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      "text": "Platform Revenue: 9",
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      "text": "Spruce Point has serious concerns with Enfusion's description of Platform Revenue drivers in 2022. A major discrepancy occurs with the implied impact from Q4'22. Enfusion's reports indicate it acquired 9 net new clients but somehow revenue from new clients declined. CFO Dorton resigned on November 28, 2022. Furthermore, the Company disclosed on November 30, 2022 that Audit Committee member Kathleen DeRose stepped down effective Jan 1, 2023 and Dierdre Sommers would take her place.",
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      "text": "Source: ENFN SEC filings for each quarterly MD&A discussion",
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      "text": "We Don't Believe Drivers of Platform Revenue In 2022 Make Sense",
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