Presto Automation Inc

Presto Automation, Inc. provides restaurant labor productivity technologies. It offers next-generation touch, vision, and voice technologies to the analog restaurant industry. The company was founded by Rajat Suri and is headquartered in Greenwich, CT.

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Presto Automation, Inc. engages in the provision of enterprise-grade artificial intelligence (AI) and solutions to the restaurant industry. It focuses on its Presto Voice AI. The company was founded by Rajat Suri in 2008 and is headquartered in San Carlos, CA.

SAN CARLOS, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation (NASDAQ: PRST ), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands, today appointed Kat Hoffman-Flynt as Chief Operating Officer, effective immediately. Ms. Hoffman-Flynt brings more than 20 years of experience as an operational strategist, building strong customer relationships and scaling new deployments throughout her career. As Chief Operating Officer, she will be responsible for overseeing Presto's operations, while working to ensure the company achieves its goals and delivers excellence to Presto's customers.

Presto Names Kat Hoffman-Flynt Chief Operating Officer

PRST has dropped significantly after an initial hype phase due to a couple of unimpressive quarters. PRST is backed heavily by insiders and other large investors who want to see common shares succeed. Due to the heavy investor backing, I don't believe that PRST is at great risk of crippling levels of dilution seen with other small cap de-SPACs in similar financial shape.

Presto Automation: My Top AI Pick For 2024

Presto Automation Inc. (NASDAQ:PRST ) Q1 2024 Results Conference Call November 20, 2023 5:00 PM ET Company Participants Krishna Gupta - Chairman Xavier Casanova - CEO Nathan Cook - Interim CFO Conference Call Participants Mike Latimore - Northland Capital Markets Brian Dobson - Chardan Capital Markets Operator Hello, and welcome to Presto Automation's First Quarter 2024 Earnings Call. [Operator Instructions] I would now like to hand the conference over to [Gi Luvere] you may begin.

Presto Automation Inc. (PRST) Q1 2024 Earnings Call Transcript

First Quarter Revenue in Line with Guidance Presto Voice Continues Momentum and is Now Live at Over 400 Locations Additional Capital Raised from Common Stock Issuance to an Affiliated Long-Term Investor SAN CARLOS, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) --  Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal first quarter ended September 30, 2023.

Presto Automation Announces Fiscal First Quarter 2024 Financial Results

SAN CARLOS, Calif., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc.  (NASDAQ:  PRST ), one of the largest AI and automation technology providers to the restaurant industry, today announced it had entered into agreements with a Remus Capital-affiliated syndicate of investors to sell 7,000,000 shares of common stock of the company in a registered offering that the company anticipates will result in gross proceeds of approximately $7.0 million. This capital comes in addition to the previously disclosed $3 million invested by Cleveland Avenue, founded by Don Thompson, the former CEO of McDonald's Corporation, and a $3 million upsize of the company's existing credit facility with Metropolitan Partners Group. As part of the transaction, Remus Capital has appointed two additional directors to Presto's Board of Directors. Northland Capital Markets, Chardan, and The Benchmark Company are acting as the placement agents for the offering.

Presto Raises Capital from Remus Investor Group, Announces Addition of Two Board Members, and Significant Cost Reductions

SAN CARLOS, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal first quarter 2024 financial results on Monday, November 20, 2023, after the financial markets close.

Presto to Report Fiscal First Quarter 2024 Financial Results

SAN CARLOS, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, has signed new pilot agreements with two top major quick-service restaurant brands.

Presto Signs Voice AI Pilot with Top 10 QSR Drive-Thru Brand

SAN CARLOS, Calif., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST ), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands, today promoted Justin Foster to Chief Revenue Officer, effective immediately. Mr. Foster brings 15 years of experience leading go-to-market efforts at emerging high-growth technology companies. As Chief Revenue Officer, Mr. Foster will be responsible for all facets of the company's revenue generation, including growing Presto's footprint in the emerging voice AI market while retaining signed clients.

Presto Names Justin Foster Chief Revenue Officer; Departure of Dan Mosher, President

SAN CARLOS, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST ), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands, today announced its participation at The ThinkEquity Conference in New York, New York.

Presto to Participate at The ThinkEquity Conference

Presto Automation Inc. (NASDAQ:PRST ) Q4 2023 Earnings Conference Call October 10, 2023 5:00 PM ET Company Participants Adam Rogers - Head of Investor Relations Xavier Casanova - Chief Executive Officer Stanley Mbugua - Chief Accounting Officer Conference Call Participants Brian Dobson - Chardan Capital Markets Michael Latimore - Northland Capital Markets Operator Good day, and thank you for standing by. Welcome to the Presto Automation Inc. Fourth Quarter and Full-Year 2023 Earnings Conference Call.

Presto Automation Inc. (PRST) Q4 2023 Earnings Call Transcript

SAN CARLOS, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc.  (Nasdaq:  PRST ), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands, today announced:

Presto Announces FY2023 Financial Results, Increased Ownership Commitment from a Major Existing Shareholder, Extended Shareholder Lock-ups, and a new Interim CFO

SAN CARLOS, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal fourth quarter and full year 2023 financial results on Tuesday, October 10, 2023, after the financial markets close.

Presto to Report Fiscal Fourth Quarter and Full Year 2023 Financial Results

SAN CARLOS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced a newly signed agreement that demonstrates the company's continued momentum and strengths in technology, enterprise sales, integration, and implementation.

Presto signs CKE Franchise StarCorp's 58 Carl's Jr. Locations

SAN CARLOS, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today shared that following its entering into various Master Services Agreements with top QSR brands, that it has now signed agreements with 13 franchise groups that collectively own and operate more than 500 locations nationwide.

Presto Announces Signed Agreements with 13 QSR Franchise Groups Representing More than 500 Locations Combined

SAN CARLOS, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), the largest drive-thru automation technology provider in the hospitality industry, announced today that Xavier Casanova has been appointed as Chief Executive Officer, effective immediately. After leading the company as Interim CEO, Krishna Gupta will return to his role as Chairman of the Board of Directors.

Presto Names Xavier Casanova as New CEO

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Krishna K. Gupta Resumes Role as Chairman of Presto Automation after 4 months as Interim CEO.

Krishna K. Gupta Resumes Role as Chairman of Presto Automation After 4 Months as Interim CEO

Enhances Product Development and Engineering Capabilities with India-based Team Enhances Product Development and Engineering Capabilities with India-based Team

Presto Expands International Presence

Presto Automation, a labor automation technology provider in the hospitality industry, has seen its stock rise due to a surge in interest in AI from restaurant owners. The company's AI tools, such as Presto Voice, are used to enhance service quality and reduce costs in drive-through operations, with the potential for significant annual recurring revenue. Despite challenges in automating the drive-through ordering process and maintaining profitability, Presto's advanced positioning and proprietary technology offer the potential for growth and increased contract value.

Presto Automation: ChatGPT-Style AI For The Drive-Thru

Marc Andreessen said, "Software is eating the world," which seems doubly true with the rapid rise of artificial intelligence. AI's latest victim is the fast food drive-thru.

Can Presto Automation Bring AI to the Drive-Thru?

LOS ANGELES, CA / ACCESSWIRE / May 26, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation Inc. ("Presto" or "the Company") (NASDAQ:PRST) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Presto Automation Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 24, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation Inc. ("Presto" or "the Company") (NASDAQ:PRST) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Presto Automation Inc. and Encourages Investors with Losses to Contact the Firm

SAN CARLOS, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, today announced it had entered into commitments for an approximately $10 million common equity PIPE. In parallel, Presto has negotiated certain changes to its credit facility with its lender, Metropolitan Partners Group (MetPG), including a decrease of the minimum cash covenant to $10 million effective upon the closing of the PIPE. The PIPE is expected to close on or around May 24, 2023. Chardan served as financial advisor to Presto.

Presto Unlocks Approximately $20M of Cash in PIPE Transaction

Presto Automation Inc. (NASDAQ:PRST ) Q3 2023 Results Conference Call May 18, 2023 5:00 PM ET Company Participants Adam Rogers - Head of Investor Relations Krishna Gupta - Interim Chief Executive Officer Ashish Gupta - Principal Financial Officer Conference Call Participants Greg Pendy - Chardan Operator Hello. Thank you for standing by.

Presto Automation Inc. (PRST) Q3 2023 Earnings Call Transcript

Continues Momentum of Drive-Thru Voice AI Automation by Adding Hardees and Carl's Jr. as Customers Continues Momentum of Drive-Thru Voice AI Automation by Adding Hardees and Carl's Jr. as Customers

Presto Announces Fiscal Third Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--ICR, a leading strategic communications and advisory firm, is pleased to announce that Krishna Gupta, Chairman and interim CEO, Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, recently appeared on Episode 75 of ICR's “Welcome to the Arena” podcast. Welcome to the Arena is hosted by Tom Ryan, Co-Founder & CEO of ICR. Tom spoke with Krishna about his start in venture capital and invest.

News for Presto Automation Inc Stock (PRST)