{
  "docId": "019f6b8f-2c96-7579-a769-2e509f3e13c4",
  "docSlug": "jarvis-legion-one-span-presentation-may-2021",
  "documentTitle": "Legion One Span Presentation May 2021",
  "authorId": "legion-one-span-presentation-may-2021",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 123,
  "pageCount": 154,
  "prevPage": 122,
  "nextPage": 124,
  "slideType": "comparison_table",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 15,
  "notes": "The slide highlights the GAAP accounting friction between upfront recognition (legacy) and ratable recognition (SaaS).",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-2c96-7579-a769-2e509f3e13c4/123",
  "deckHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4",
  "deckJsonHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4.json",
  "deckAnchorHref": "/decks/019f6b8f-2c96-7579-a769-2e509f3e13c4#slide-123",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.82,
        "x": 0.09,
        "y": 0.78
      },
      "kind": "callout",
      "text": "Though the recurring revenue (SaaS) contract generates higher cumulative revenue and profits over time, near-term GAAP metrics are negatively impacted",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "af19aa1b-066b-4799-aa0b-90d6f1b6bfe1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.25,
        "x": 0.65,
        "y": 0.28
      },
      "kind": "chart",
      "text": "SaaS Example",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "42d84391-8b9f-4fec-81e9-d9079fad8289",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.25,
        "x": 0.37,
        "y": 0.28
      },
      "kind": "chart",
      "text": "Perpetual License Example",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "825aa7cb-22a2-4448-9d31-9fbd844b62be",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.25,
        "x": 0.09,
        "y": 0.28
      },
      "kind": "chart",
      "text": "Hardware Example",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aed0e866-e944-425a-b0b5-4fe546295f6c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.11,
        "y": 0.92
      },
      "kind": "other",
      "text": "Source: SEC Filings, Legion Partners' Estimates",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "297cc973-e9f1-4fea-8342-ef3096d0ecdc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.82,
        "x": 0.09,
        "y": 0.18
      },
      "kind": "title",
      "text": "Legacy Hardware and perpetual licensing have an outsized immediate impact on GAAP revenue and profits given upfront recognition vs. ratably with SaaS",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "32ca3386-04a5-4938-9b85-09987ddd2bf2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.77,
        "x": 0.09,
        "y": 0.12
      },
      "kind": "title",
      "text": "GAAP Revenue Recognition – Illustrative Examples",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "20bf42ff-c9a9-4c4f-9934-520305da9a5f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Comparison frame",
      "slug": "comparison-frame",
      "agent": null,
      "layer": "slide",
      "matchId": "3b67d37d-12fe-49a7-8a3d-889a998ebe50",
      "evidence": "The slide presents a comparison of revenue recognition for different types of licensing, including perpetual license, hardware, and SaaS.",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "e3e945c0-715b-4523-8d0a-4e156cff47b8",
      "evidence": "Comparing three different business models side-by-side to illustrate GAAP impact.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}