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  "notes": "Regulatory filing slide discussing growth limitations and strategic trade-offs.",
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      "text": "Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.",
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      "text": "In the current environment, it takes an extended period of time (18 - 24 months) for new wins to impact revenue and EBITDA",
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      "text": "Panther’s revenue growth forecast assumes significant market share gains given overall Federal IT spending is expected to be 2% or less annually",
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      "text": "There are two ways to accelerate organic growth: Increase Win Rates; Expand Addressable Market",
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      "text": "We currently are doing everything practical to deliver at or above industry win rates now. We have not and will not “no bid” a deal because of resource constraints. Significantly pressures bid profit margins - A “Race to the Bottom” strategy.",
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