Globant SA (GLOB) Risk Analysis

We commenced operations in 2012, and our operating history is of relatively short duration relative to our publicly traded industry peers. We have not generated significant revenues and have incurred losses from operations. We operate in an emerging and rapidly changing industry. The nature of our business and our ability to operate profitably depends significantly on the adoption of new API products, our business model, and the scalability of our business. Our business is early stage and involves substantial significant operating risks. We have a limited operating history and our commercial success depends on our ability to finance our operations and execute our business plan. They will require the procurement of additional equity. We consign the risk of our business on the ability to raise funds in the future. We may never be able to raise adequate funds on acceptable terms, if any, which could seriously affect our business. Achieving or sustaining profitability is highly challenging in the rapidly evolving market in which we operate, and as a consequence, we may never achieve or sustain profitability. We are merely speculative growing companies and our business may be subjected to rapid changes resulting in our inability to accurately predict. The success of the adoption of our technology is dependent upon convincing major industry players to use our technology in their supply chain. To that end, we require successful multiple long-term relationship commitments from them. The adoption of our technology into the supply chain for such major players may never occur. The liquidity and market price of our common stock could be adversely affected if large shareholders, including executive officers or directors, elect/fail to sell their holdings.