I was waiting for Stakk to release their quarterly before strawing, but they've put out two nothing-burger announcements back-to-back so I think it's warranted.

Yesterday they announced they had an exit run rate of $8.53m ARR and that they were on track for cash flow breakeven throughout 2026. Honestly, the most helpful part of yesterday's announcement was their definition of ARR.

Today's announcement is a little more concerning. It is both announcing the expansion of the Robinhood contract but also setting a "target" (not guidance?) of $15m ARR by 30 June 2026. I don't like this primarily because I think management teams should be conservative in estimates, because if they fail to hit the self-inflicted target then they will lose credibility.

Will hopefully see the 4C tomorrow, so will update straw accordingly.