{
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  "docSlug": "jarvis-legion-one-span-presentation-may-2021",
  "documentTitle": "Legion One Span Presentation May 2021",
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  "presentationDate": "2021-05-01 00:00:00",
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  "pageNumber": 17,
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  "density": "balanced",
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  "notes": "Uses a timeline to highlight the gap between executive rhetoric and actual financial performance.",
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      "kind": "diagram",
      "text": "Timeline of quotes from 2007 to 2015",
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      "kind": "list",
      "text": "Despite the Company’s aggressive organic and inorganic growth strategy, Software revenues merely shifted from 17% of total revenues in 2007 to 22% in 2015",
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      "kind": "paragraph",
      "text": "While the actual transition to recurring revenue began in earnest a few years ago, the Company has been attempting this transition for well over a decade but seemingly did not understand what that meant or entailed",
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      "kind": "source-note",
      "text": "Source: SEC Filings, OSPN Earnings Call Transcripts – Q3 2007 (10/25/07), Q4 2007 (2/21/08), Q4 2009 (2/18/10), Q4 2010 (2/17/11), Q3 2012 (10/25/12), Q4 2013 (2/18/14), Q2 2015 (7/28/15); OSPN Conference Transcript (12/10/13); Legion Partners’ Estimates",
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      "kind": "title",
      "text": "Poor Oversight Has Led to a Significantly Delayed Transition",
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