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Read my new report about how PTC's CEO and management has made what I believe to be numerous material misstatements about its segment results, how it derived at its results, as well as making material misstatements about the capabilities of its products and the market acceptance rates of its products. In my opinion this is a combination of the Theranos fraud story and Under Armour fraud story wrapped into one.

Atlantic Equity has used about 25 ex- employee and reseller sources for the research to uncover what I believe to be a multi - year attempt by PTC's management to trick investors into thinking it is a high growth software company. It isn't.

In my opinion the company has used the change to a new revenue recognition rule and the change to a new subscription billing method to cover up its real results.

- Read: PTC Report