Hello fellow substack reader, I wanted to thank you for giving this article a read. I believe the following short note summarizes the events that transcended in the first half of the year for Cardlytics. Many investors have dismissed the company without giving it a real look. I hope this brief nudges you in the right direction and inspires further research on what I to believe to be a once-in-a-lifetime opportunity.
On June 30th the company traded at around the $215 M market cap mark, including $60M in cash after all expected cash outflows (figure 2).
Letβs start with the most significant resolution in the last 6 months, the Bridg Dispute. On May 1st the company shared the result of the dispute through an expense filing. They awarded stock options to the Chief Legal Officer (Nick Lynton) a few days before the announcement, leading shareholders to believe a positive outcome was underway. Technicalβ¦