Twenty releases after launch

August was the first month the beta was used outside the team. The first build went live on 2 August. By the end of the month, we had shipped around twenty releases for macOS and Windows, delivered through the terminal’s own updater. Testers could move from one version to the next without reinstalling anything.

We onboarded about ten users in the first few weeks, which was the target we had set for the launch. Then we stopped.

The first users exposed problems that were difficult to see internally: sections that stayed empty without explaining why, figures that did not line up across frames, and parts of the interface that waited for data when they should not have. Rather than bring more people into a product with those problems, we fixed them first. Most of the releases in August came from that work.

A large part of it was the underlying data. Frames now distinguish between missing and unreachable data instead of showing a blank panel. Growth rates are no longer shown when they cannot be calculated. Statement columns now show the period they cover. We corrected classification issues in cash flow, revenue and cost of revenue at the source. Valuations now carry forward to the current date instead of stopping at the last fiscal year end.

We also added Korean companies. Around 2,000 to 3,000 listed Korean companies are now searchable, with financial statements, filings, profiles, and directors and officers. Each company’s annual balance sheet is built around its own fiscal year end. Korea is our second market after the United States and Europe, using the same standardisation as the rest of the data.

Company summaries were rebuilt as well. They were previously generated by a small language model running on the user’s machine. They now come from a larger model on our servers, are refreshed quarterly, and are available as soon as a company is opened. The risk factor and business summaries are more precise as a result. The local model file, which was several gigabytes, is also removed on first launch.

We also added management’s discussion and analysis. MD&A is where a company explains its results in its own words, and often where the reasons behind the numbers are easiest to find. It is now summarised in a new Growth section of the Analytics tab, alongside the figures it discusses. Later in the month, the Earnings tab began showing forward estimates and their underlying drivers for around 3,500 companies.

With those changes in place, we are onboarding again in September. Access is still by invitation, and requests are reviewed individually.

The first group shaped most of what we built in August. That will continue.