Repeat pull from proven relationships plus room left: the installed base is expanding on its own initiative and is still
The model's full reasoning — Q4 2017 call → NOThe question asks whether management describes that existing customers/partners are currently taking more from the company on their own initiative, and that these relationships remain lightly penetrated with substantial room for growth. Let me analyze the transcript for both halves: **Halve 1: Real expansion behavior already occurring in recent period, driven by counterparties' own choice after direct experience, across more than isolated account.** The transcript contains: - "In regards to customer concentration and opportunities across our client base, year over year growth within our top 20 accounts was more than 18%, while growth outside of the top 20 accounts was 34%." - "To understand our client diversity better, it would be important to know that among our top hundred clients which it is what starts at about 4 million in annual revenue, practically 50% are part of the global portion to sales and obviously great for us a significant opportunity to grow all these infatuate." - Arkadiy: "And when you're looking at facts which is complement, it it's still a reflection of a stronger economy..." - that's about CIS. - "we are currently working with European multinational corporation that specialized in industrial engineering and automation solution spanning hardware software and services to digitize aspect of their core business" - these are examples of new engagements. - "Another example is enterprise digital transformation initiative we just started with Global Health Services Company" - new engagement. - "Last time, we shared with you story of expanded relationship and registered specific recognition in response to our contribution to innovative thinking in new type of solutions we are bringing for our client, Liberty Global." - "Working with UBS, one of our top clients, we created and delivery to solution around digital wealth management" - this is an existing client with expanded relationship. The growth within top 20 accounts was 18%, growth outside top 20 was 34%. So growth is broad-based. But does management describe that existing customers are taking meaningfully more on their own initiative? Elon - "You know it's very difficult to [indiscernible] micro kind of changes. It still seems like for us, in line with what we've seen before maybe in 6 or 12 months from now we'll be able to evaluate it better." - about macro.
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|---|---|---|---|---|
| PPC | Pilgrim's Pride Corporation | Q1 2024 | 2024-05-03 | A |
| DUOT | Duos Technologies Group, Inc. | Q4 2023 | 2024-04-01 | F |
| GIII | G-III Apparel Group, Ltd. | Q4 2024 | 2024-03-14 | C |
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| TOST | Toast, Inc. | Q4 2022 | 2023-02-16 | C+ |
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| DM | Desktop Metal, Inc. | Q2 2022 | 2022-08-08 | F |
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| ZVIA | Zevia PBC | Q1 2022 | 2022-05-12 | B |
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| PTC | PTC Inc. | Q3 2017 | 2017-07-19 | C+ |
| WYY | WidePoint Corporation | Q3 2016 | 2016-11-09 | D |
| GOGO | Gogo Inc. | Q1 2016 | 2016-05-06 | C+ |
| WK | Workiva Inc. | Q4 2015 | 2016-03-01 | B |
ZVIA · Q1 2022 → YESThe question is about whether management describes existing customers taking more from the company on their own initiative, and that these relationships are still lightly penetrated. YES Management describes existing customers (households and Club channel buyers) already taking meaningfully more through velocity (51% of growth), higher buy rates (+9%), and heavier consumption in the food channel, while conveying that these relationships remain lightly penetrated with substantial room ahead (new households, expanded flavors, broader deployments). This is 100% present-tense, driven by counterparties’ own choice after direct experience, not price hikes or auto-renewal, and the expansion is already occurring across multiple accounts rather than isolated or projected.
PI · Q4 2022 → YESThe question is about whether management describes existing customers expanding their business with the company, and that these relationships are still lightly penetrated. YES The transcript shows management describing existing customers expanding through program expansions, broader deployments, and continued system deployments that are already occurring and expected to drive large volumes in 2023 and beyond, while conveying that these relationships remain lightly penetrated with substantial room for further growth in scope, sites, and usage.
CVS · Q1 2018 → YESThe question is about whether management describes existing customers taking more from the company on their own initiative, and that these relationships are still lightly penetrated. YES The transcript shows management describing existing partnerships (Optum and Cigna clients) already taking more programs through an uptick in CVS Pharmacy and MinuteClinic offerings, driven by the companies' own adoption after experience, with continued opportunities for 2020 and beyond indicating substantial room remains in those relationships.