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Palantir publishes 2020 revenue guidance of $1.05B, will trade starting Sept 30th

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It’s been a long road for Palantir as it has submitted amendment after amendment with the SEC related to its S-1 filing over the past two months. But after weeks of back and forth, it’s official: Palantir’s S-1 has been marked effective, which means that it has been accepted by the SEC and its target market the NYSE and should be ready to go as the company heads toward a public direct listing.

The company will begin trading on Wednesday, September 30th, under the ticker PLTR. Palantir originally had planned to start trading today, but moved the date back to the 29th a few filings ago, and finally ended up with the 30th. It is not floating new stock, although the company effectively raised “IPO money” back in July of about $1 billion from the private markets.

Palantir yesterday also offered revenue guidance to fill out the rest of its calendar year. The company estimated it would target roughly $1.05 billion in revenue for 2020, with non-GAAP operating income (excluding stock-based compensation and some other major line items) of $116-126 million. It expects its head count to remain roughly flat, growing just 4%.

Palantir had revenue of $595 million in 2018 and $743 million in 2019 according to its S-1 filing. If it hits its new target revenue, that would be a growth rate of 41% from last year, an acceleration from the roughly 25% growth rate in the previous year. The company’s Q3 revenue is estimated to reach $278-280 million with a growth rate of 46-47%, according to the company’s projections. So it seems to be accelerating every so slightly in the back half of this year as customers presumably start ramping up their IT purchases following the global pandemic.

While we have talked extensively about Palantir’s woes on governance, the reality behind the company is reasonably decent: it’s a quick if not rapid growth company, predominantly in software rather than services, with a growing customer base including both government and enterprise customers. The company has very recently started to talk more about its Apollo product, which has helped it cut sales times and make more of its product self-service, or at least, reduced-service.

For comparison though, check out Snowflake, which is also in the data infrastructure space although a bit lower in the stack and just went public last week. In most of 2018 (the company has a Feb 1 fiscal calendar), the company generated $97 million in revenue, and then grew to an astonishing $265 million for most of 2019. Snowflake had a net loss of 131% of revenue, compared to Palantir, which had a net loss of 78% of revenue last year.

Snowflake was considered one of the best IPOs of the year, given its high net dollar retention rate, extremely rapid growth, and huge market size waiting to be tapped. Palantir is a much larger company in terms of revenues, but growing significantly slower, but with a bit better cash flow position, particularly in the last two years as it has made its operations much more efficient.

We’ll have to wait a week to see how the markets react. For now though, it looks like Palantir has gotten out of its own way and can finally start trading.

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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