Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q3 2022 call → NOWe need to determine if management describes that others are adopting/copying their way of doing things. The question asks: "On this call, does management describe that the WAY THIS COMPANY DOES THINGS — an approach, product design, technology, method, business model, or way of serving customers that the company pioneered, built, or is identified with — is NOW BEING ADOPTED, COPIED, OR MOVED TOWARD BY OTHERS IN ITS MARKET, so that the company's own way of doing things is becoming the market's way?" We need to look for management's own words indicating that others are following their lead, and that management treats it as validation, not a threat. In the transcript, there is a question from Joe Giordano about competitive response: "I know yours a very difficult one to that, but can you talk about maybe the competitive response over the last has that changed at all over the last I don’t know, six months or during the process when you initially filed have you seen any kind of your competitors try to move in a similar fashion?" Rick Cohen answers: "Yeah, Joe, certainly we watch the market all the time. I do think we're probably the only ones really using AI and autonomous vehicles in this type of unique solution and, with the fact that our entire system is really software driven, it's difficult to replicate. So, I think we've got a good first mover advantage in the market. I think the backlog of more than $11 billion speaks for itself, and again, customers have voted with their wallets, but, do we expect copycat, do we expect imitation? Sure and then I think it kind of leads me to think about our technology and our IP protection and I'll probably make just a few points on this, I guess, one, if you look at our patent portfolio that we've built out, Joe, we've got nearly, I think it's close to 500 patents, among issued and pending. So that's number one. Number two, again, the AI engine that we have that, analyzed kind of six terabytes of data daily through each system allows us to continuously improve and that's helped -- that's helping extend our lead in the market, but then third I think it really comes back to, Rick's leadership and vision when he started this company and that's all around this culture of continuing innovation.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| AES | The AES Corporation | Q1 2024 | 2024-05-03 | C+ |
| GGR | Gogoro Inc. | Q1 2023 | 2023-05-11 | D |
| TGT | Target Corporation | Q4 2022 | 2023-02-28 | C |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| USFD | US Foods Holding Corp. | Q1 2018 | 2018-05-12 | C |
| SHOO | Steven Madden, Ltd. | Q1 2017 | 2017-04-21 | C |
AES · Q1 2024 → YESThe question is: Does management describe that the WAY THIS COMPANY DOES THINGS is NOW BEING ADOPTED, COPIED, OR MOVED TOWARD BY OTHERS IN ITS MARKET, so that the company's own way of doing things is ...
GGR · Q1 2023 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?
TGT · Q4 2022 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?