May. 7 at 8:39 PM
$OPEN $OPEX
Eric Jackson
@ericjackson
What's in OPEN's 10-Q the press release didn't say loudly enough:
• Fixed opex
$33M, -15% YoY while volumes +45% QoQ
• Aged inventory 10% vs broader market 33%
•
$296M revenue already under contract
• Kaz has
$654M unvested CEO comp, hurdle-tied. Zero vested.
Operating leverage is now audited.
EMJ + EMJX long
$OPEN
.
4:33 PM · May 7, 2026
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