Berkshire Grey

Berkshire Grey, Inc. is an Intelligent Enterprise Robotics company, which engages in pioneering and delivering transformative AI-enabled robotic solutions that automates filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages. The firm transforms supply chain operations solutions. It operates through the United States and Japan geographical segments. The company was founded on October 3, 2013 and is headquartered in Bedford, MA.

Earnings data Q1 2024

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Berkshire Grey, Inc. is an Intelligent Enterprise Robotics company, which engages in pioneering and delivering transformative artificial intelligence enabled robotic solutions that automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages. It transforms supply chain operations solutions. It operates through the North America and Japan geographical segments. The company was founded on October 3, 2013 and is headquartered in Bedford, MA.

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December 2021 saw investments in robotics of roughly USD1.2bn. The lion's share of the funding in went to autonomous driving companies.

Robotics Investments In December 2021

The new AI-enabled Reverse Logistics solution helps eCommerce retailers and 3PLs accelerate resale of returned goods by reducing the processing time up to 25% with robotic automation The new AI-enabled Reverse Logistics solution helps eCommerce retailers and 3PLs accelerate resale of returned goods by reducing the processing time up to 25% with robotic automation

Berkshire Grey Helps eCommerce Retailers Solve the $120 Billion Returns Problem

UPS said this week that it expects to handle 60 million returned packages through Jan. 22, a 10% increase over last year, with 25% of Americans expected to make at least one return. That delivery strain reverberates throughout the entire supply chain, and inefficient and manual processes can cut into brands' revenue as returned items sit in warehouses, unable to be resold.

Berkshire Grey flips the switch on returns and reverse logistics

BEDFORD, Mass., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (Nasdaq: BGRY), the leader in AI-enabled robotic solutions that automate supply chain processes, today announced that management is scheduled to present at the 24th Annual Virtual Needham Growth Conference. The Berkshire Grey virtual presentation is scheduled for Wednesday, January 12, 2022, at 12:30 p.m. ET.

Berkshire Grey to Present at the Needham Growth Conference

BG RPS systems autonomously pick, sort, and pack millions of items per month with higher speed and throughput while increasing fulfillment by up to 2X without adding labor BG RPS systems autonomously pick, sort, and pack millions of items per month with higher speed and throughput while increasing fulfillment by up to 2X without adding labor

Berkshire Grey Introduces Next Generation Robotic Product Sortation (BG RPS) Solution for Scalable, Touchless Order Fulfillment

Berkshire Grey, Inc. (BGRY) CEO Tom Wagner on Q3 2021 Results - Earnings Call Transcript

AI-powered robotics and supply chain automation company Berkshire Grey reported its first earnings as a publicly traded company Thursday morning before the bell, revealing some early struggles for the business. While Berkshire Grey's revenue of $18.8 million in Q3 2021 was magnitudes greater than its $2.2 million in Q3 2020 and its $4.5 million in Q2 2021, it still missed on analyst expectations of around $21.7 million.

Berkshire Grey struggles in first quarter as public company

Berkshire Grey Inc (NASDAQ: BGRY) reported third-quarter revenue of $18.8 million, missing the consensus of $19.56 million. Revenue improved 750% year-over-year and 317% sequentially.

Berkshire Grey Stock Gains After Q3 Results; Accumulates Orders

BEDFORD, Mass., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (Nasdaq: BGRY), the leader in AI-enabled robotic solutions that automate supply chain processes, today announced that it recently secured new orders of $36 million representing $25 million in repeat orders from a blue-chip anchor customer and $11 million from new customers (see separate release highlighting one of these new customers here ).  These orders increase the Company's total orders to-date to $184 million and increase backlog to its highest level yet to $113 million.  The $25 million order represents yet another follow-on order for tens of solutions to be installed in different locations, with many more locations anticipated for future orders.

Berkshire Grey Secures $36 Million in New Orders

Innovative Retailer with over 525 stores chooses Berkshire Grey's robotic automation to speed up store replenishment for growth merchandise categories Innovative Retailer with over 525 stores chooses Berkshire Grey's robotic automation to speed up store replenishment for growth merchandise categories

Bealls, Inc. Selects Berkshire Grey's Advanced Robotic Solutions to Automate and Accelerate Fulfillment Operations

Total Orders to-Date Increase to $184 Million, Reinforcing the Company's Ongoing Revenue Momentum and Growth Trajectory Total Orders to-Date Increase to $184 Million, Reinforcing the Company's Ongoing Revenue Momentum and Growth Trajectory

Berkshire Grey Reports Third Quarter 2021 Results

Following successful customer adoption, Berkshire Grey offers RSPS to global retailers, grocers and 3PLs to efficiently put the right inventory in the right places at the right times Following successful customer adoption, Berkshire Grey offers RSPS to global retailers, grocers and 3PLs to efficiently put the right inventory in the right places at the right times

Berkshire Grey Announces the Robotic Shuttle Product Sortation (BG RSPS) Solution to Accelerate Order Fulfillment and Ease Warehouse Labor Challenges

Berkshire Grey is trading ~40% lower than the initial IPO valuation.

Berkshire Grey: Potential Sector Protagonist In AI Robotics

BEDFORD, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (Nasdaq: BGRY), the leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report third quarter 2021 financial results before market open on Thursday, November 11, 2021. The Company will host a conference call at 10:00 a.m. Eastern time on November 11, 2021 to discuss its financial results for the third quarter and to provide a business update.

Berkshire Grey Announces Date for Third Quarter 2021 Financial Results

Berkshire Grey Inc (NASDAQ: BGRY) and Atos (OTC: AEXAY) have partnered to accelerate the automation of supply chain operations. The financial terms of the deal were not disclosed.

Berkshire Grey Partners With Atos For Supply Chain Transformation

Helps Retailers, eCommerce and Logistics Providers Increase Fulfillment Speeds and Optimize Productivity Helps Retailers, eCommerce and Logistics Providers Increase Fulfillment Speeds and Optimize Productivity

Berkshire Grey and Atos Partner to Bring an Automation-First Approach to Supply Chain Transformation

Partnership provides AI-enabled robotic solutions across the entire supply chain to increase fulfillment throughput Partnership provides AI-enabled robotic solutions across the entire supply chain to increase fulfillment throughput

Berkshire Grey and North Highland Partner to Deliver Intelligent Enterprise Robotic Solutions to Solve Global Supply Chain Challenges

Berkshire Grey Inc (NASDAQ: BGRY) launched its AI-powered Robotic Shuttle Put Wall (RSPW) solution for eCommerce order fulfillment. The RSPW is an automated put wall that increases capacity and throughput with robotic automation.

Berkshire Grey Unveils AI-Powered Robotic Shuttle Put Wall For eCommerce Order Fulfillment

Businesses can increase eCommerce order fulfillment process by up to 300% and handle nearly 100% of typical eCommerce SKUs, all without the need to hire additional staff Businesses can increase eCommerce order fulfillment process by up to 300% and handle nearly 100% of typical eCommerce SKUs, all without the need to hire additional staff

Berkshire Grey Launches AI-Powered Robotic Shuttle Put Wall to Meet Surging eCommerce Demands and Mitigate Labor Shortages

BEDFORD, Mass., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (Nasdaq: BGRY), the leader in AI-enabled robotic solutions that automate supply chain processes, today announced it will be presenting at two investor conferences in September:

Berkshire Grey to Present at Upcoming Investor Conferences

Berkshire Grey RPP Delivers Autonomous Picking and Packing of Customer Orders Directly to Shipping Packages to Optimize Fulfillment Labor, Speed Up Throughput, Lower Shipping Costs, and Improve Consumer Experience Berkshire Grey RPP Delivers Autonomous Picking and Packing of Customer Orders Directly to Shipping Packages to Optimize Fulfillment Labor, Speed Up Throughput, Lower Shipping Costs, and Improve Consumer Experience

Berkshire Grey Announces Global Availability of its AI-Enabled Robotic Pick and Pack (RPP) Solutions for e-Commerce Fulfillment Following Successful Customer Deployments

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Berkshire Grey is Exhibiting at IMHX Connect, the UK's Premier Intralogistics Event, to Showcase Intelligent Enterprise Robotic Solutions to the Broader European Market

Leader in Intelligent Enterprise Robotics expands partner network with established system integrator of fulfillment and distribution solutions Leader in Intelligent Enterprise Robotics expands partner network with established system integrator of fulfillment and distribution solutions

Berkshire Grey Partners with AHS to Accelerate Next-Generation Warehouse Robotics for Fortune 100 eCommerce and 3PL Providers

A Media Snippet accompanying this release is available by clicking on the image or link below:

Ecommerce and Package Handling Companies Leverage Berkshire Grey AI-enabled Robotic Solutions to Meet Surging Demand Despite Labor Shortages

Teaming up with the United Way, the Intelligent Enterprise Robotics company provides STEM-related supplies to support more than 2,400 students in the Boston area through the company's Picking With Purpose program Teaming up with the United Way, the Intelligent Enterprise Robotics company provides STEM-related supplies to support more than 2,400 students in the Boston area through the company's Picking With Purpose program

News for Berkshire Grey Stock (BGRY)