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  "documentTitle": "Altair US LLC | Activist Presentation Deck | 38 slides",
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  "authorName": "Altair US, LLC",
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  "presentationDate": "2022-09-01 00:00:00",
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  "notes": "Includes two bar charts showing revenue growth and operating income projections.",
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      "text": "Despite macroeconomic uncertainty, there is no sign that Avalara’s prospects are fundamentally impaired",
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      "text": "Avalara Revenue ($M)",
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      "text": "Avalara’s management has dismissed the current headwinds as largely temporary and continues to express confidence in the Company’s prospects. The Company’s July Projections disclosed in the proxy statement indicate that management expects its growth to continue unabated. Importantly, the Company’s updated July Projections show the Company breaking even in 2022 and non-GAAP operating income of $52 million in 2023.",
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      "text": "Source: Avalara Definitive Proxy Statement, filed with the SEC on September 12, 2022, at page 64.",
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      "text": "Avalara’s Challenges Are Transitory and the Fundamentals Remain Strong",
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