We've all been there — sifting through lengthy and tedious SEC filings, with some (including myself) often skipping them. Recognizing this challenge, we're excited to roll out "Analyze", a feature that simplifies this process, delivering the core insights in a succinct, 2-minute read.

AI output organization

• Consistent structure for every summary;
• Headlines offer a quick snapshot of the main message;
• Segments like Revenue, Strengths, Challenges, and Noteworthy Points are clearly defined for easy comprehension;
• The Final Summary ties everything together, ensuring a comprehensive understanding in a concise format.

This feature is tailored for efficiency and ease of use. We've ensured that every piece of essential information from the 10-Q files is included, yet organized in a manner that's consistently easy to read and understand. This approach aims to encourage more people to develop the habit of reading such important files.

Looking ahead, “Analyze” will continue to expand while keeping its core simplicity in mind. We’ll soon be rolling out news digests, peer analysis, and more — always focused on providing simple, quick, and accurate insights.

What's new

Understanding that in-depth financial modeling requires both accuracy and efficiency, this update aims to improve your workflow. We’re introducing “Model with Excel,” designed to automate data preparation so you can focus on making informed financial predictions.

Here’s what’s packed into this update:

• One-click data export: A single keypress will generate an Excel file filled with the company’s income statement history, spanning multiple quarters or years.
• Pre-calculated metrics: Save time and reduce error with pre-calculated standard metrics such as Gross and Net margins.
• Analyst estimates integration: To assist in your forecasting, the exported Excel file will include estimates from financial analysts.
• DCF-ready: The data and calculations are organized for easy integration into your discounted cash flow models.

To use this feature, simply hit ⌘K and look for "Model with Excel," or navigate to any financial page and click on the Excel icon located in the top-right corner.

What's new

We know how crucial it is to have all the info you need at your fingertips. This update aims to give you a more complete picture of a stock's financial health, all in one place, so this update includes:

• Track past, current, and future earnings: Get a comprehensive view of how a stock has performed and what's expected down the line.
• Calendar integration: See an upcoming earnings report you don't want to miss? Just hit "B" on any stock, and it'll be added to your calendar. Yep, it's that simple.
• Listen to earnings calls: Stay in the loop by listening to current and previous earnings calls right from the page.

To take advantage of these new features, simply head over to a stock page and scroll down to the earnings section. If you spot an upcoming earnings report you don't want to miss, just press 'B' to add it to your calendar. Want to listen to current or previous earnings calls? Click the play button, and you're all set.

What's new

• Craft custom lists: Now, you have the power to create personalized lists tailored to your preferences and investment strategies.
• Manual symbol sorting: Take control of your watchlist by manually sorting symbols as you see fit, providing you with a more intuitive organization.
• Select multiple items: We've made it easier for you to manage your selections. You can now select multiple items simultaneously.
• Performance-based sorting: Enhance your decision-making with the ability to sort items by their performance metrics, giving you quick insights into your investments.
• Undock as a standalone widget: One feature that truly sets this update apart is the ability to undock the watchlist and use it as a standalone widget. Customize your workspace to suit your needs.

But it's not just about features; we've also fine-tuned the user experience. It's now keyboard-friendly, allowing you to effortlessly navigate between windows with a simple press of the W key. Plus, you can access stock information, news, and financials directly from the widget.

The issue

Due to a config error in our cron jobs, some system-level overrides weren't allowed. Specifically, we couldn't override the properties `[core]num_years_history` and `[core]num_quarters_history`, which caused a bug in our processing pipeline. This glitch messed up the financial data flow for our instruments (symbols) and led to missing annual financial info for years before 2020 in the 'Annual' tab.

What has changed?

• Speed optimization: Fey is now significantly faster. We’ve managed to cut the load time from 2-4 seconds to virtually 0 seconds.
• State management update: We’ve moved from global app state to page state, fetching only the data required for the current page. By transitioning from our sync engine to SWR, data requests are more targeted, robust, and efficient.
• Auth simplification: The authentication process has been streamlined by reducing roles and tokens. By removing unnecessary network requests for authentication, we’ve made sign-in smoother.
• Local storage caching: Key states are now stored in local storage, facilitating even faster and smoother subsequent loads.
• Product simplification: We’ve removed app state from the backend, making the product purely client-driven. This change aligns with our philosophy of user-centered design, delivering a more responsive and intuitive experience.

More context

Our team is committed to continuous improvement, and these updates reflect our ongoing dedication to delivering a product that’s not only feature-rich but also high-performing and customer-friendly.

Why we did this

Insider trading information is a valuable resource for investors. This is because company insiders – think top executives or shareholders with significant stakes – typically have in-depth knowledge about their organization's performance and prospects. When these insiders buy or sell their company's shares, they do so based on their belief in the company's future performance.

This is where our enhanced insider reports pages come in handy. The improved filtering and color-coded symbols allow you to track and interpret this insider trading activity more easily, leading to more informed investment decisions. As always, we strive to equip you with the most accurate and accessible financial information, so you can invest confidently.

So, what's new?

We're particularly excited about this redesign, which aims to enhance our customers' understanding of their investments and promote a greater market consciousness, including:

1. Comprehensive overview with natural language: We've introduced a more user-friendly interface, explaining the details of your holdings in plain language, making it easier to understand and manage your investments.

2. Daily movers: Stay informed about the market's pulse with our new feature, 'Daily Movers'. This will show you the highest movers in your portfolio and the market, ensuring that you're always updated about the most significant shifts.

3. Global position activity: Get a complete picture of your investment activity. Our global overview now includes all your transactions, stock splits, dividends, and even share transfers from other brokers. This feature helps you keep track of every aspect of your investment journey.

Disclaimer: The transactions and stocks shown in this interface are for illustrative purposes only and should not be considered investment advice. Your financial decisions should be based on your personal analysis or consultation with a financial advisor.

What has changed?

Previously, users experienced a bug where some transactions were duplicated indefinitely, leading to incorrect position ownership and returns data. This issue was caused by a problem with the Robinhood cursor logic for syncing positions, which resulted in an endless loop of transactions.
Our development team has now implemented a fix that resolves the looping issue and ensures accurate data representation across all parts of the app.

Why we did this

Our passwordless authentication system is designed to provide enhanced security and a better user experience. You can log in to Fey using just your email address, and we'll send you a unique link to access your account. This eliminates the risks associated with poor password choices and management, as well as the frustration of forgotten passwords. Our magic links expire after 5 minutes, and we display the location from where the authentication link was requested for additional transparency and security.

We’ve also put significant effort into crafting the design and user experience of our authentication system. From the email design to the subtle animations, making the process more engaging and intuitive.

Fey Sync Engine

Fey's Sync Engine is our proprietary integration API built from the ground up. Unlike industry-standard aggregators, our Sync Engine allows us to seamlessly connect with brokers and provide real-time updates. Recently, we made significant improvements to the reliability and accuracy of our aggregation.

One of the most notable enhancements is the addition of support for ACATS. This update ensures that when you transfer assets between brokers, the information is accurately reflected in Fey. Additionally, we now sync Option Events, including both exercise and assignment, addressing a previous issue that resulted in some users having incorrect share quantities compared to their broker.

Overall, these improvements have made Fey even more efficient and reliable in connecting with your broker.

With the latest update, searching within our app is more intuitive and efficient than ever before.
Firstly, we've eliminated unnecessary clicks and navigation by automatically replacing the current page with the selected result. This means that you can quickly and easily find what you're looking for without having to navigate back and forth.

Additionally, our search now takes into account where you are in the app and offers contextual results. For example, if you're viewing a company profile, the search suggestions will include the company's peers.

To access the search command, you can press from anywhere within the app.

More context

Our team has worked hard to incorporate high-quality vector logos to enhance the user experience of our customers. These updates are part of our ongoing commitment to providing polished design and functionality. Each logo is carefully crafted in high definition and updated to conform to the respective company's latest branding guidelines.

Why we did this

Robinhood provides three options for two-factor authentication, which include authenticator apps, SMS (not recommended), and device approvals. By offering all these methods in Fey, we give our customers greater flexibility in safeguarding their accounts.

More context on security

Fey is dedicated to promoting responsible usage of its platform by individuals and has taken several measures to ensure the safety of all our customers. These measures include, but are not limited to:

• Not storing user passwords, but instead using access tokens generated by the brokers;
• Encrypting access tokens at all times;
• Setting expiration dates for access tokens as determined by the brokers and refreshing them automatically, so that even if a token is stolen, it will expire by itself;
• Revoking access tokens immediately upon a change in the user's broker password;
• Rate limiting on all broker calls to avoid being flagged as bot trading;
• Rate limiting on trade calls, ensuring that no two trades can be placed within a certain interval, causing suspicious transactions to be immediately aborted by Fey;
• Utilizing caching and cursors to limit the number of calls;
• Implementing idempotency keys on orders to eliminate a category of network retry issues, such as duplicate orders; and
• Storing audit logs of transactions, allowing for traceability and accountability.

Additional context

This integration will enable users to seamlessly manage their accounts within Fey, providing a more holistic view of their financial portfolio. We are utilizing TD Ameritrade's official APIs to ensure a secure and seamless connection. Additionally, we are constantly striving for accuracy and reliability in all of our calculations, which is why we are currently finalizing some edge cases around historical positions and the math for 1D returns. Our engineers are working closely with our customers to resolve any potential edge cases.

We owe a huge thank you to our earliest testers and customers who have helped us refine the user experience and get to where we are today. Their feedback has been invaluable in ensuring that Fey continues to meet the evolving needs of all our customers.

Why we did this

At the beginning of this year, we required all Fey users to participate in onboarding calls. However, we recognized that these calls can be time-consuming, so we re-designed our onboarding process to be more self-service oriented. This allows our customers to quickly get up to speed without the need for personalized assistance.

We've made our data sheet pages more accessible. We've enhanced visibility for mouse users by adding a distinct button and improved iconography, and we've also surfaced shortcuts next to each section's header.

Why we did this

Fey emphasizes seamless keyboard navigation, but we also invest considerable effort in ensuring comprehensive mouse accessibility. However, we discovered that some users were unable to access certain pages due to the subtle nature of our buttons. To address this issue, we have introduced distinct icons for each section and incorporated user-friendly, clickable buttons for a more intuitive mouse navigation experience.

How to get to this page

To access the Insider reports data sheet for an asset, you have two options. Firstly, you can search for the asset, open its page, and scroll down to the middle of the page where you will find the "Insider reports" section. Here, you can click on the Insider icon on the right side to open the data sheet.

Alternatively, you can simply highlight an asset and press the key on your keyboard

Why we did this

While we remain focused on our other assets, it's clear that crypto has become a global phenomenon, with more than 44.15 million accounts now holding at least a non-zero balance of Bitcoin. To better serve our customers, we're now offering the ability to view your crypto positions without needing to leave Fey.

Why we did this

Insider transactions are important for several reasons. First, they can provide insights into how insiders view the company's prospects. For example, if a CEO or director buys a significant amount of stock, it may signal that they have confidence in the company's future and believe that the stock is undervalued.

By monitoring insider transactions, investors can gain insights into the company's financial performance, strategic plans, and potential risks, which can help them make more informed investment decisions.

Why we did this

Effective onboarding is crucial to introducing our users to a new product. While our team aims to connect with customers and demonstrate how to leverage Fey for maximum benefit, we understand that busy schedules may hinder the ability to schedule onboarding calls. To address this, we have developed a self-serve system that enables users to easily grasp the product's features and functionalities, without the need for a call. The self-serve system still provides direct access to our team through various channels such as Slack or in-app feedback, ensuring customer satisfaction and retention rates remain a top priority.

How to get to this page

To access the Analyst estimates data sheet for an asset, you have two options. Firstly, you can search for the asset, open its page, and scroll down to the middle of the page where you will find the "Analyst estimates" section. Here, you can click on the Analyst estimates icon on the right side to open the data sheet.

Alternatively, you can simply highlight an asset and press the key on your keyboard

What does this mean for Fey

Analyst estimates are important for investors and companies because they provide a consensus view of what to expect in the future. For investors, analyst estimates can help inform investment decisions, including whether to buy, hold, or sell a particular stock. For companies, analyst estimates can help them understand market expectations and provide guidance on how to meet or exceed those expectations.

How to get to this page

To access the peer analysis data sheet for an asset, you have two options. Firstly, you can search for the asset, open its page, and scroll down to the bottom of the page where you will find the "Peer analysis" section. Here, you can click on the Peer analysis icon on the right side to open the data sheet.

Alternatively, you can simply highlight an asset and press the key on your keyboard.

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Here are a few things to be excited about in the coming weeks:

• Relative valuation tools
• Advanced analyst estimate metrics
• Better ways to track insider trading activity from a specific asset
• Improvements to navigation on data pages

Why we did this

Rather than relying on traditional pricing models or a standard feature-based pricing page, our focus is on demonstrating the value our customers can expect to receive from Fey. We prioritize communicating both the immediate and long-term benefits of our service, highlighting the key ways in which our data providers and partners contribute to that. By emphasizing the outcomes and advantages that customers can expect to see, we aim to make our subscription as clear as possible. You can see our pricing page here →

What has been improved

• We incorporated an estimated revenue growth chart, which provides valuable insights into our projected financial performance.
• To enhance the user experience, we optimized the cards for improved readability, making it easier for users to quickly grasp the information presented.
• We included a reference asset for easier comparison

Why we did this

You may have observed that our homepage doesn't display your performance chart. Our rationale is that featuring a daily chart could potentially create misconceptions, as focusing solely on short-term performance may not promote optimal investment strategies. To better serve you, our homepage offers a comprehensive overview of the financial landscape, encompassing headlines, trending assets, and insights into your account balance and diversification.

Company news

Our customers can expect a seamless and distraction-free reading experience that is focused solely on delivering curated and high-quality news content. This is a great development for anyone who wants to stay informed without being constantly interrupted by irrelevant ads or misleading information.

Market headlines

Our market headlines provide a comprehensive view of the latest market developments and include a succinct explanation of why prices are moving. By condensing each headline into a single summary, our customers can easily filter out irrelevant noise and quickly gauge the overall sentiment of an asset.

Why we did this

At this stage, our main focus is on our customers, which involves talking to them and improving our offerings. So why divert our attention away from that? We've recognized that sharing updates fosters a greater exchange of ideas, valuable feedback, and even boosts signups, ultimately leading to increased usage of Fey. With this in mind, we dedicated a single day to build a streamlined solution using Sanity and NextJS. This approach empowers every team member to efficiently post updates and maintain our commitment to customer-centric growth.