Exa Corp: Luck Be a Lady Tonight

If you were to quickly jot down a list of words to describe the field of CAE companies in the world today I’m willing to bet it would not include ‘bold’ or ‘courageous’. Engineers are typically a risk averse crowd and the same can normally be said of the leaders of CAE businesses. Rarely do you find engineers counting on luck.

Will luck be a lady to Exa Corp? I hope so.

Enter Exa Corporation.

On August 3rd this CFD software company with a strong reputation in external aerodynamics and automotive under-the-hood applications announced it’s intention to go public on the Nasdaq later this year. The hope is to raise $86 million via an IPO. That really is not much money relative to what the avg. IPO brings but consider these factoids:

  • In 2011 Exa had sales of approximately $38 million which is 6% growth over 2010 (while the avg. CAE company is growing Sales by 10% – 15%)
  • In 2011 the Exa business actually lost money (about $600,000) while generating north of $240,000 per employee (Exa claims 156)
  • The avg. IPO value has steadily dropped throughout 2011 ($431 million in Q1; $271 million in Q2; and $170 million in Q3,according to the Hoovers IPO Scorecard)

Ladies and gentlemen it appears we have a gambler in the audience.

Exa Corporation has decided to shoot the dice and in their honor I share with you the unofficial theme song of every gambler: ‘Luck Be a Lady Tonight’ performed by the legendary Marlon Brando in the 1955 movie classic Guys and Dolls.

If you’re too busy for YouTube or perhaps have a “thing” about watching musicals, here are the song lyrics.

They call you lady luck
But there is room for doubt
At times you have a very un-lady-like way
Of running out

Your on this date with me
 The pickins have been lush
And yet before the evening is over
You might give me the brush

You might forget your manners
You might refuse to stay
And so the best that I can do is pray

Luck be a lady tonight
Luck be a lady tonight
 Luck if ‘ been a lady to begin with
Luck be a lady tonight

Luck let a gentleman see
Just how nice a dame you can be
 I know the way you’ve treated other guys you’ve been with
Luck be a lady with me

A lady never leaves her escort
It isn’t fair, it isn’t nice
A lady doesnt’ wander all over the room
And blow on some other guys dice

Lets keep this party polite
Never get out of my sight
 Stick with me baby, I’m the guy that you came in with
Luck be a lady tonight

A lady never flirts with strangers
Shed have a heart, she’d be nice
 A lady doesn’t wander all over the room
And blow on some other guys dice

Lets keep this party polite
Never get out of my sight
 Stick with me baby, I’m the guy that you came in with
Luck be a lady tonight

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