Serve Robotics Inc

ServiceMaster Brands® is a leading franchise provider of essential residential and commercial services. Founded in 1929, the company is home to over 3,500 franchisees across 4,900+ locations serving over 1,000,000 homes and businesses in 2021. ServiceMaster was founded with a deep commitment to integrity and customer service and does business under nine brands today across 50 states and ten countries that generate more than $3.5B in system-wide sales: ServiceMaster Restore®, ServiceMaster Recovery Management®, ServiceMaster Clean®, Merry Maids®, TWO MEN AND A TRUCK ®, Aftermath Services®, Indoor Science, AmeriSpec®, and Furniture Medic®. While each brand maintains a distinct identity, we share a commitment to our mission to make everyday heroes more heroic. From our franchisee experience to career development to our community, our values – We Serve, We Care, We Deliver, We Do - guide us. Working as part of our team means bringing your best ideas to work every day and seeing the impact of your contributions. Stars in our company at all levels are builders—they love to create, lead and see their plan come to life. Our best people understand that while great ideas are important, they require incredible focus and teamwork to execute. Life inside our company is the opportunity to do the best work of your career with a high energy. ServiceMaster Brands is headquartered in Atlanta, Georgia. Roark Capital Group acquired ServiceMaster Brands in October 2020. Roark focuses on investing in the consumer and business services sectors, with a specialization in multi-location and franchised businesses. Since inception, affiliates of Roark have invested in 100 multi-location, franchised brands, which collectively generate $62 billion in annual system revenues from 66,000 locations in 50 states and 89 countries. Please visit www.roarkcapital.com to learn more.

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Serve Robotics reports Q3 revenue growth, eyes strategic expansion

Serve Robotics is making strides in robot deployment and strategic partnerships, though facing operational challenges and competition.
The company's financial performance in Q3 2024 showed revenue growth but a net loss, emphasizing the need for cost management.
With a strong cash balance and strategic acquisitions, Serve Robotics is poised for growth through market expansion and new revenue streams.

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Serve Robotics, Inc. engages in providing self-driving delivery. It designs, develops, and operates zero-emissions robots that serve people in public spaces, starting with food delivery. The company was founded by Ali Kashani, Dmitry Demeshchuk and MJ Burk Chun in 2017 and is headquartered in Redwood City, CA.

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Serve Robotics leverages Uber's resources to revolutionize last-mile delivery with cost-efficient, eco-friendly, autonomous robots, aiming to deploy 2,000 units by 2025. The partnership with Uber provides Serve Robotics access to a vast customer base, enhancing its market share in the rapidly growing food delivery sector. Serve Robotics' first-mover advantage, technological innovations, and sustainability focus position it as a leader in the autonomous delivery market, despite competition from Amazon Scout and Starship Technologies.

Serve Robotics: Dirt Cheap AI Stock With Huge Upside

SAN FRANCISCO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading embodied AI and automation company, today announced the appointment of Lily Sarafan to its Board of Directors (the "Board").

Serve Robotics Announces Appointment of Lily Sarafan to its Board of Directors

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Why Is Everyone Talking About Serve Robotics Stock?

Serve Robotics (SERV -4.04%) is expanding into new geographies and made an acquisition to facilitate growth with restaurants.

Huge News for Serve Robotics Stock Investors

Serve Robotics (SERV 6.55%) products are working more effectively as it ramps up the supply of its delivery robots.

What's Going On With Serve Robotics Stock?

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SAN FRANCISCO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the appointment of former Postmates and GM executive Anthony Armenta as Chief Software and Data Officer. In the newly created role, Armenta will lead the development and strengthening of Serve's software, AI, and autonomy stack, enhancing the robots' reliability, performance, and ability to scale nation-wide.

Serve Robotics Appoints Anthony Armenta as Chief Software & Data Officer

SERV rides on strong prospects, driven by robust demand for last-mile delivery amid intensifying competition.

Serve Robotics Surges 180% in 6 Months: How Should You Play the Stock?

Serve Robotics is to acquire Vebu, known for the Autocado, aiming to revolutionize kitchen automation and capitalize on the growing demand for innovative robotics in commercial kitchens. The Autocado, which cores, cleans, and mashes avocados, has the potential to become a high-growth, high-market-share product, driving significant revenue. Vebu's broader focus on robotics in the food industry promises substantial labor savings, productivity increases, and higher operating margins for restaurants. These savings will cause Serve's stock to appreciate from FOMO.

Serve Robotics Is Positioned To Remake The QSR Industry

Serve Robotics Inc. (NASDAQ:SERV ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Aduke Thelwell – Head-Communications and Investor Relations Ali Kashani – Co-Founder and Chief Executive Officer Brian Read – Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today.

Serve Robotics Inc. (SERV) Q3 2024 Earnings Call Transcript

Serve Robotics , known for its sidewalk delivery robots, is branching out from its mainstay focus on automated delivery solutions and into restaurant kitchens through its acquisition of the 'Autocado' technology seen at Chipotle stores.

Serve Robotics steps into restaurant kitchens with Vebu acquisition

Announced plans for geographic expansion into the Dallas Fort Worth metro Completed $32.3 million in capital raise transactions; Cash balance of $50.9 million as of third quarter end Announced agreement to acquire Vebu and its pioneering avocado-processing robot, Autocado SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced financial results for the third quarter 2024 ended September 30, 2024. "During the third quarter we made significant operational and financial progress related to several priorities; laying the foundation for a successful 2025," said Dr. Ali Kashani, Serve's Co-founder and CEO.

Serve Robotics Announces Third Quarter 2024 Results

Acquisition deepens Serve's offerings for the restaurant industry, helping partners improve efficiency and manage labor shortage challenges from kitchen to curb SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ --  Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous robotic delivery company, today announced its agreement to acquire the assets of Vebu Inc. ("Vebu"), a trailblazer in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed.

Serve Robotics to Acquire Autocado Robot Maker Vebu, Expanding Automation Offering

SERV's third-quarter 2024 performance is likely to have gained from rapid advances in robotics, supported by partner platforms.

Serve Robotics to Report Q3 Earnings: Buy, Sell or Hold the Stock?

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SAN FRANCISCO , Oct. 29, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will release its financial results for the third quarter ended September 30, 2024 after U.S. markets close on Thursday, November 7, 2024. Company management will host a conference call and webcast at 2:00 p.m.

Serve Robotics Announces Date of Third Quarter 2024 Financial Results and Conference Call

Serve Robotics' stock soared after Nvidia's stake in the company was revealed.

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Since becoming a publicly traded stock in April 2024, shares of food deliver robot maker Serve NASDAQ: SERV have gone on a wild ride. Shares fell gradually for several months after going public.

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Serve Robotics stock jumped 225% when Nvidia's stake in the company was revealed, but it plummeted afterward.

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Serve Robotics announces its partnership with Wing Aviation LLC.The Collaboration expands Autonomous delivery and ensures efficiency.

News for Serve Robotics Inc Stock (SERV)