 What's going on money geeks? Mr. V here. Welcome to another video guys into this video We are going to be taking a look at pulling tier Which is a software company that provides? data integration and analytics for mostly government agencies They do have some Private companies that it worked with but majority of the business comes from government agencies So we're going to take a deeper look and kind of discuss what we think about This guy is going public But before we get started guys if you're new to the channel we'll talk about how to earn money how to save money How to invest and build worth so if that's something that interests you go ahead and hit that subscribe button And any notification belt so you don't miss out on your content So there's been a ton in the news lately about Pellentier going public So or like hey, let's cover this because they are due to start trading and think September 30th So I wanted to kind of go in-depth and make sure that we cover and see it. This would be an opportunity to buy Just on the get-go or kind of wait and see what happens if there's any pullback before we can jump in So when you take a look at some of the products of the company First and foremost, they're just a business model for this company It's it's intriguing. Basically what they would do more again with government agencies You're talking like they're the army and some other government agencies so they provide Solutions that you really have a decision-making so Know they collect data or they analyze the data Most data is contained information. They're able to extract that information and and give it back to the user so they can make Really tough decisions, especially even like armies out in in the field, you know for them It's it's about hey should we take that that strike or should we not do it or you know Should we attack or she would it should we wait? So there's like a lot of decisions that are based on these and these guys have actually come under You know a little bit of pushback from people that think Helping the the US government or agencies like the army. It's bad for business But I'm I was intrigued by the response from their CEO who says hey if you are Somebody that thinks what they are doing for the army is bad and then don't invest in our company Which to me that was that takes a lot guts to do that so or to say that which is I thought I mean as a CEO sometimes you have to put your foot on the ground and that really is time for what you believe so So we're gonna take a look about some of their products here. They have two main product categories Polynesia this go them Gotham and then they have plenty of foundry so It's gonna bring that up here and just go through it so Again, these are I'm not gonna go into every single one of this product is I don't really care for Just want to know that it does provide a solution In in somebody needs that solution at this particular time The US government is one that is benefiting from that from the solution again, like I said, they do have other You know private companies that they work with but this is the bulk of their revenue comes from from these US kind of government contracts so Again, this is solutions areas where they they work in AI auto racing cyber financial insurance manufacturing Automotive defense again, I say that's huge for them. What they do is they actually mine that data using your the different Software's and then in turn there are whoever is using that data and I can make decisions by themselves So you buy your software and then collect your data So they don't they're not responsible for you for actually holding that data You but you can use the software to do that, which is to me. It's a little bit better than what you would see With all these other software companies. So I know I am giving all this is History and telling you a little bit about the company But for the most part people are interested in all right. Tell me, you know, what about your financiers in And tell me all the good stuff about the company one other thing before we actually jump into the financials about the company that I think is Kind of unique is the way The company is structured as far as You know, who has power Peter teal, which you'd probably see his name everywhere Along with two of the company's other co-founders Steven Cohen and and and cap They control about fifty not actually fifty percent. Yeah, forty nine point ninety nine percent Of voting shares for the foreseeable future of the company. So I think that's huge. So you have Just a handful of people controlling half of the company. So I don't know where the tiebreaker comes from But that is something to be worried about So I just kind of want to put that out there So, you know and then one other thing that this is this company is doing is the fact that they go in public through What I call a non-traditional way in the sense that they're not pricing the IPO, right? So they just putting this thing out there And and letting the open market Determined investors will determine how much they want to they want to pay If you look at companies like slack technology and and Spotify, that's how they went public Just what you call direct listing So they go direct to the consumer and have them determine what the the price of you know, they're The shares would be which is awesome. So This is their SEC filing here that we can actually take a look at And just kind of go through it and see some of the details about their their finances and And I'm gonna I'm gonna just I'm gonna just cut straight to the point here and prevent you guys from The the nuances of their finances. So again, this is a company that was founded in 2003 In I mean they've sort of been in business for that long So the ticket symbol anticipated it's gonna be PLTR for those of you that are interested and then Listed days gonna be September 30th. Just so you know exactly what to expect again This is a brief overview of what the company has been able to do Over the years so you can read through this for your interest as of right now. They currently do business with You know 36 industries in more than 150 countries I think that's that's huge exposure In terms of what they've been able to do to do generate it 742.6 million in revenue in 2019 That's that sounds good reflecting an increase of about 25% from the revenue in in 2018 Which is awesome, which I was 595.4 million so Again, you can look at some of the numbers here kind of sound in terms of revenue. It sounds like this company is doing great again, this is Or you know kind of the industries that they have been able to to get into so if you see the the key here Government and then commercial so government is the the the black dots you see and then commercial is a blue dots They you see so I mean from it looks like they work across All industries so law enforcement to defense to intelligence to energy banking health care Justice, I mean everywhere name it they have customized again like I said At least over 50% of their revenue comes from government contracts. So I think during their presentation call The you know the the chairman was really strong at pointing the fact that their goal is to diversify And get some of that revenue From the the commercial sector or private sector Some will call it so that we're not super tied to just just government contracts because In a year where government contracts are really hard to combat They would definitely in our revenue would drop if they were to stick just with that so going into commercial Or private companies and working with them and increasing their revenue from that perspective I think is is really helpful again about your financiers When I looked at this this company And here's here is where it's for any investor. This should scare you a little bit So this company has not really turned a profit since it was founded. I mean this is that's just looking at the Financias It the revenue looks good But again, if you're looking like a is this a profitable company as of right now I'll say the answer is no do they stand a chance of becoming profitable? Yes. I dug through the financiers Pretty deep and I didn't see anything look at the revenue Over time revenue has been going up, but there's so many reasons why you can explain The fact that their revenue Is going up, but they're not being profitable because they can you know again as a software company Their goal is to continue to innovate R&D and just continue to make sure that you know, they're keeping their customers happy in Just breaking new grounds. So a bottom line reinvesting that money into the company And that's why we're not seeing any Profitures yet again a lot of the tech companies that you see out there When they go public that's usually the case. They don't really show any sort of profit So which I think that it you know pulling tier is no exception So again average revenue of top 20 customers as you can see here 2019 it did about 24.8 million so See 2020 is still I think they've had some issues here. You'll probably have some issues with 2020 just because of COVID and stuff like that, but we'll see At the end so cumulative spending on the research and development. So just to say like R&D So if you see that or the reason why these guys are probably not showing any sort of profit Is because they're putting a ton of money into research and development so you can see here Year over year from 2008 Which is 10 million dollars to 2019 1.5 billion dollars in and research and development. So to me that's huge and I feel like this is a company that doesn't Want to just be out there be average the fact that they're taking that money instead of So much focusing on red on a profit They're focusing on growing the company and reinvesting that money back in the company says a lot about them. So again Just kind of in-depth look at their finances here Again, like I said, they haven't really Turned up an annual profit since the company was founded. They haven't turned animal profit. So Again ticket symbol is PLTR and listed date is gonna be September 30th so based on all this information My personal take on Palencia is that it's I mean it's a company that has huge potential especially the fact that they are Working with government Agencies and government contracts and the fact that they they're also looking at diversifying You know into the commercial sector sector and work with private companies, which is good So if you again some of the things that I look at Kim Lee that I said was But I see a little bit of a problem would be the fact that the power structure of the company right now is a little bit scary Because you have a handful of guys that own about 50% of the company May have that voting rights or Where who breaks the tie if there was something that needed to be voted upon and it was actually tie so that is Kind of a red flag the fact that the company hasn't turned in annual profit Since it was founded in 2003 Again, that is not so much of a red flag if you were more or a verb an accounting guy You would say don't touch this company because that is that looks bad But if you are somebody that understand Technology and understand how these tech companies operate I mean I work in the tech space and I've been investing in tech companies for a long time So I understand what it takes for them to start turning a profit So if they're reinvesting in a company that is a company that really focuses on growth and and and so not just income which is In this case, they're the main goal is growth. So I understand that And so I would definitely be be watching this one Right out of the gate. I'll see What the IPO finally price at as soon as it gets out of the gate and then I might Pick up some shares in there if possibly they trade it and then for for long term I am definitely gonna start looking at no picking something if it is a picking a few more if there's a pullback I'll pick it up in and just hold it and see what happens there. So Yeah, to me, this would be Watch out of the gate since the IPO is not priced Again, it's a direct listing. So watch out of the gate see what it comes out at And see how it's no people responding Again be smart with this but for long term. I see a really good long-term potential with is With his company and definitely looking forward to to owning some few shares there. So again Let me know in the comment section. What do you think about Paul and Tia? Do you think oh my goodness this company? hasn't turned a profit or Annual profit since it was founded. I'm not touching it Or do you think you see some potential here or even some people which they invest, you know We what they care the issues they care about the fact that they're helping the government and people complain about it Do you think that's an issue for you to now want to invest in the company? Let me know in the comment section Also, if you're looking to get started with investing and you don't know where to start We both a good platform where you can get started with and if you sign up and deposit a hundred dollars You get two free stocks right now. They have that promotion going on till you get two free stocks In your account and as always guys Stay motivated