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Tuesday, November 3, 2026

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TWLO Q3 FY12/26 Earnings Review

Twilio's Q3 revenue rose 20% to $1.56 billion, but Q4 organic growth guidance fell to 11% to 12% and RPO declined 28%.

TWLO $33B
Cestrian Capital Research 3 clicks

From X

@majgeoinvesting 2 clicks

Maj Soueidan on X

The stock’s I’m most interested in from the last group of Delta Sheets: $XBP Post-merger integration story that went bad, quickly. Can the turnaround strategy outlast the high debt burden? New contract wins, potential asset sales and expense cuts give it a glimmer of a hope. It’s high risk, but the re-rate would be pretty significant. Agentic AI. 🤢⏳ $SGRP Has had several failed turnaround attempts of its labor-heavy merchandising model. However, governance improvements + $TRAK becoming a 30% shareholder are interesting. 🤢⏳ $FSI Near-term earnings are being depressed by upfront costs to scale new food-grade contracts and new facility, setting up a potential revenue/margin inflection as those investments begin producing sales. Bad Q2 might have been the “kitchen sink” quarter. 🤔🔥 $ELWT Very interesting business (smart buildings integration). Executive Chairman has done it before. But do they have the access to non-dilutive capital to monetize a large backlog? Should they have waited a year before going public? ⏳ $IRIX Glaucoma consumables are finally showing growth (consumables volume +35%), but system (hardware) placements are not setting the world on fire. Also, other parts of the business are offsetting progress. New CEO has made some real strides. 🤢⏳ $LYTS Profitable industrial compounder driven by accelerating organic growth, good acquisition history and expanding margins. However, they hit their first blip with their last acquisition - Integration issues and weaker margins than expected on the backlog of the acquired business. Might be an interesting buy the pullback set-up to watch. Will probably take a few quarters to know if it’s a short-term issue or something bigger. 🤔🔥 $BOSC Profitable aerospace/defense supply-chain play. Q2 numbers were good, but was more of Q1 delayed orders hitting Q2. Where’s your acquisition! 🤷🔥 $TGEN Despite all the pessimism, I’m still betting on the data center cooling contract win catalyst to come through. Two years ago, hyper-scalers weren’t part of the growth plan, nor was the non-data center power business. Now, they are. ⏳ $FTLF Can the company grow acquisitions, post acquisition? Time will tell… Regardless, they are generating a good deal of earnings and paying down debt deployed as part of the acquisition strategy. 🤔 $CNVS Don’t love ad-tech businesses, but their new all in one solution that has recurring revenue is interesting for now. It supplements their legacy lumpy movie creations business, which they should sell, and their content streaming business. 🤔 $SNT Profitable physical-security technology company with recurring software/service potential and exposure to increasing demand for perimeter protection of critical infrastructure. Can their acquired LiDAR business more than offset their non-dependable legacy business? Stock is falling apart, due to years of lack of execution. 🤔 $IFA.TO Performance-apparel technology company where the opportunity is continued adoption/licensing of its new textile technologies translating into high-margin growth. 🔥 $COV.V Is the long-awaited growth inflection finally happening: Q3 revenue +20%, gross margin hit 67%, EBITDA tripled to $3M, contamination-protection sales +68%, and it has $19M cash with no bank debt. The next couple quarters will tell us a lot. 🤔 🔥 $OML.V Profitable aerospace/defense precision-components company hitting record revenue and backlog, with 1.34x book-to-bill and no debt. Some nice operating-leverage. 🔥

Investor Letters

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Stevanato down 30%. Yikes.

Stevanato fell 30% after forecasting low-single-digit 2027 growth as lower Nexa syringe volumes from a GLP-1 customer offset solid Q3…

STVN $3.6B
Best Anchor Stocks 3 clicks

Marvellous Value Destruction

Marvell’s proposed Lumentum deal risks alienating Cloudlight customers and losing engineering talent, despite limited optical integration…

LITE $48B
Irrational Analysis 2 clicks

FTAI Aviation Update, Part Two

FTAI Aviation’s $234 million Jereh JV deposit funds Power inventory, while customer concentration, lower cash guidance and pending U.S.

FTAI $17B
CV's Substack 5 clicks

BNTX Earnings Review

BioNTech's Q3 revenue beat consensus on €613 million of BMS partnership revenue, while COVID vaccine sales fell 35% and net cash totaled…

BNTX $22B
Cestrian Capital Research 1 click
BSP · short

Bending Spoons Spa

Bending Spoons is a software and digital-assets holding company that has completed more than 50 acquisitions since 2013.

BSP $29B
Value Investors Club 1 click

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