Unicorn Status at Risk - Outreach.io

Weekly Edition & Stock Spotlight

December 15, 2023

Hill Chart Shape

ApeVue50 Index & Sectors YTD Performance

Most Active Names Performance

* Price (USD) estimated based on secondary market activity observed by ApeVue. Valuation is estimated based on said price and share count from state filings and/or news in the public domain. Note that share count in calculations may change as new filing documents are obtained.

ApeVue50 Privates versus Public Benchmarks/ETFs

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Public v. Private (12mo)

The ApeVue50 tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.

This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.

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Stock Spotlight - Outreach
Sectors

Marketing SaaS

Headquarters
Seattle, WA, USA
CEO
Manny Medina

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Outreach, a sales engagement platform, helps over 5,500 customers accelerate revenue growth by optimizing customer interactions across various channels. The company's clients have experienced an average increase of 9% in revenue and a 13% improvement in their win rates.

Outreach have announced they cut 12% of staff in September following multiple cut-offs throughout the year as tear cost-reduction measures.

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Outreach's Financial Data

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Outreach YTD

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Outreach 90D

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Outreach 30D

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Series G Valuation

<span class="date">2021-05-27</span>
<span class="value">$4.4B</span>

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Implied Valuation

<span class="date">2024-01-19</span>
<span class="value">$912.2M</span>

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Change Since Last Round

<span class="date">2021-05-27→ 2024-01-19</span>

<span class="value red">-79.3%</span>

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ApeVue’s ‘Data Room’

Companies with highest and lowest 30D change in AV price

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ApeVue highlights five companies with highest increase and highest decrease in AV price from 2023-11-12 until 2023-12-11.

Among those companies, Anthropic’s price increased 76% from $38.49 to $67.83 and Flexport’s price decreased from $6.20 to $4.78.

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90D Bid:Ask Volume Ratio

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ApeVue highlights bid:ask volume ratios for the past 90 days from 2023-09-13 until 2023-12-11. Among selected companies, all but Circle have demonstrated more than 50% offer volume. Notably, 100% of Flexport and Outreach’s total volume was for offers. Conversely, 71% of Circle’s total volume was for bids.

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Average YTD Volatility of AV’s Composite Price

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Among selected companies, Circle has the highest average volatility since the start of 2023 at 93%. Redwood materials and Acronis has the lowest volatility at 18%.

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