Overview Key strengths Key risks High revenue visibility supported by its more than 80% contracted and recurring revenue base. High end-market concentration, with retailer and consumer-packaged goods (CPG) manufacturers accounting for over half of revenue. Integrated workflows provide competitive barriers and recurring revenue. Exposure to cyclical advertising and promotional spending and e-commerce transaction revenue. Good service and solution diversification. Competitive and fragmented marketplace with price-based competition. Access to valuable consumer purchase behavior and data. High leverage and execution risk from its acquisition-based growth strategy. Increased consumer engagement in retailer events and a rise in CPG coupon offers in Inmar?s incentive and loyalty business increased revenue in the mid-20% area in the first half of 2023, and we expect it will
