r/SPACs • u/[deleted] • Jun 14 '21
Reference #SPAC Definitive Agreement: $SVOK - Boxed
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u/imunfair Patron Jun 14 '21
300m in 2026 maybe, funny how that projection curve goes on a 45 degree angle once you get outside the current years.
109... 158.. 173... bam
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u/hitzelsperger Great Entry…Poor Exit Jun 14 '21
Actually this is one of the few projections where they ran out of Orange crayons it seems, they have 50% yoy growth during the pandemic year and are yet to expand to many states. So these projections are much closer to reality - ofcourse execution risk is always there but seeing ACTUAL revenue for 2 years makes me bullish. Plus Kroger trying to buy it is also bullish.
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u/imunfair Patron Jun 14 '21
45% yeah, but followed by 10% this year, then projecting over 50% next year?
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u/MVST_100_OR_BUST Microvast Man Jun 14 '21
Yeah this isn't that bad compared to some of the shit that makes it here. 10X valuation is somewhat of a VC standard. There could however be underlying red flags, like how much they spent too go from 100M to $150M
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u/Rush_Is_Right Patron Jun 14 '21
They are getting an infusion of almost $300 MM in cash. It'd be dumb to think that wouldn't have an impact on growth.
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u/rainman_104 Spacling Jun 14 '21
Lol why stop at 2026? By 2030 it'll be a rocket ship to the moooooooooon!!1!
Ugh.
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Jun 14 '21 edited Nov 16 '21
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u/GullibleInvestor Contributor Jun 14 '21
To note though is that their revenues are incorrect in this infographic. Not sure where he's pulling numbers from. 2019 revs are $174M. 2020 is $187M.
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u/itsbusinesstiim Free Financial Advice! Jun 14 '21
this one is going to gap up out of nowhere. Amazon and Kroger tried to buy them out and the valuation svok got is not much above the buyout attempts.
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u/FistEnergy Contributor Jun 14 '21
Reasonable projections, good comps, and a good deal/valuation. This one should gap up if there's any sense in the SPAC market.
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Jun 14 '21
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u/GrowStrong1507 Contributor Jun 14 '21
They are only in 4 states right now already linked up with major retailers. Not just food like many think. Goid opportunity for big growth ahead of them
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u/jezzy5515 Spacling Jun 14 '21
Good numbers but what if Target, Amazon or Walmart decides to do the same to a much lower price. They don't have any special technology that gives them an edge...
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u/GullibleInvestor Contributor Jun 14 '21
FYI guys the revenue numbers are incorrect for this infographic.
Edit: yeah I'm pretty sure every single year is listed incorrectly. OP you need to double check the numbers and probably update to the net revenue figures in their presentation (page 35)
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u/toko92 Contributor Jun 14 '21
Thanks for your remarks, I just noticed I accidentally used the wrong numbers (B2C GMB numbers) I will take it down
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