Lips can be fake. Financials shouldn’t be. We wrote code to scrape the transaction data on SY’s platform and cross-checked the data by calling the clinics to verify the number of procedures actually performed. The results showed widespread fake bookings, indicating, in our opinion, that SY is fabricating the popularity of its platform and exaggerating the revenues derived from it. In our view, SY’s financials and its booking platform are about as real as its customers’ faces.