Through less than three weeks of 1Q24 filing season, we’ve parsed 2,015 filings and created $1,813,500[1] of value for clients. See Figure 1.
These filings tend to come in large bunches, which we call Filing Season. The 1Q24 Filing Season is when companies with 12/31 fiscal year ends file 10-Qs for their first quarter earnings.
Filing Seasons give our Robo-Analyst technology[2] an opportunity to shine as it enables us to produce proven-superior research with unrivaled speed and scale.
Figure 1: Putting a $ Value on Our Parsing Work for Clients: 1Q24 Filing Season So Far
Sources: New Constructs, LLC
* FTEs = Full Time Employees at $100/hour for 8 hours a day.
Indeed, the work we do during filing would cost our clients multiples more time and money than what we charge to replicate what we deliver.
The savings in Figure 1 are likely very conservative estimates because they do not account for the cost of any management or training of analysts. Nor, do they count the cost of building the financial models to house the data or tracking accounting rule changes to make sure those models remain accurate.
Even with these conservative assumptions, it is clear that we create tremendous value for all of our clients, from Stock Tracker 50 to Professional and Institutional members.
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This article was originally published on May 10, 2024.
Disclosure: David Trainer, Kyle Guske II, and Hakan Salt, receive no compensation to write about any specific stock, sector, style, or theme.
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[1] Cumulative savings is calculated assuming it takes nine hours per filing and a full-time employee making $100/hour to parse each.
[2] Harvard Business School features the powerful impact of our research automation technology in New Constructs: Disrupting Fundamental Analysis with Robo-Analysts.