Sarcos Technology and Robotics Corp

Sarcos Technology and Robotics Corporation engages in the design and production of industrial robotic systems that augment human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity. Its mobile robotic systems include the Guardian S, Guardian GT, Guardian XO, and Guardian XT. The company was founded in 2015 and is headquartered in Salt Lake City, UT.

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Sarcos Technology and Robotics Corp. engages in the design, development, and manufacture of industrial robotic systems that augment human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity. It also provides software solutions that enable task autonomy. Its mobile robotic systems include the Guardian S, Guardian GT, Guardian XO, and Guardian XT. The company was founded in 2015 and is headquartered in Salt Lake City, UT.

Sarcos Technology and Robotics Corporation (STRC) came out with a quarterly loss of $0.86 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to loss of $0.72 per share a year ago.

Sarcos Technology and Robotics Corporation (STRC) Reports Q2 Loss, Lags Revenue Estimates

Sarcos Technology and Robotics Corporation (NASDAQ:STRC ) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Maria Shelton - Accredited Financial Counselor, Financial Profiles, IR Laura Peterson - Interim President and Chief Executive Officer Drew Hamer - Chief Financial Officer Conference Call Participants Rob Mason - Baird Chirag Patel - Jefferies. Operator Good day and thank you for standing by.

Sarcos Technology and Robotics Corporation (STRC) Q2 2023 Earnings Call Transcript

SALT LAKE CITY, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended June 30, 2023.

Sarcos Technology and Robotics Corporation Announces Second Quarter 2023 Financial Results

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions, and software that redefine human possibilities, announced today the award of an expanded contract (FA8750-22-C-1005) from the Air Force Research Laboratory (AFRL) for continued development of artificial intelligence (AI)-driven methods and techniques that autonomously control a Heterogeneous.

Sarcos Awarded Artificial Intelligence Contract by Air Force Research Laboratory

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions, and software that redefine human possibilities, and Blattner Company (“Blattner”), an industry-leading provider and installer of renewable energy, announced that the companies have entered into a collaboration agreement. The agreement focuses on the development and refinement of Sarcos' auton.

Sarcos and Blattner Company Sign Agreement for Development of Autonomous Robotic Solar Construction System

Aligning workforce with targeted robotics solutions and end markets; eliminating non-essential positions Optimizing ongoing operations SaaS/AI emerging as important future revenue opportunity; building on years of AI software development Second quarter preliminary revenue of approximately $1.3 million Average monthly cash usage expected to decline to approximately $3.0 million in the first quarter 2024 SALT LAKE CITY, July 12, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos” or “Company”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions, and software that redefine human possibilities, today announced that it has further refined its sales strategy to focus on products that have the most potential for near-term revenue growth and strategic opportunities that show the greatest market traction and meet an acute customer need. “We have initiated a more focused business plan, concentrating on solutions that we believe have the greatest alignment with customer demand and speed to market.

Sarcos Takes Steps to Improve Efficiency, Reduce Cash Spend

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced the appointment of Laura Peterson as its interim president and chief executive officer, effective immediately. Peterson will replace outgoing president and CEO, Kiva Allgood. Sarcos thanks Ms. Allgood for her service and wishes he.

Sarcos Announces Appointment of Laura Peterson as Interim President and Chief Executive Officer

Sarcos Technology and Robotics Corporation (STRC) came out with a quarterly loss of $0.13 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.10 per share a year ago.

Sarcos Technology and Robotics Corporation (STRC) Reports Q1 Loss, Misses Revenue Estimates

SALT LAKE CITY, May 10, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended March 31, 2023. First Quarter and Recent Highlights Participated in successful demos of Guardian® XT™ and Guardian® XM at ConExpo-Con/AGG 2023, the largest construction equipment tradeshow in North America Signed a manufacturing services agreement with Jabil, a leading manufacturing services provider, to expand Sarcos' production capacity as the company scales Participated in the Aviation & Robotics Summit, a three-day event bringing together aviation and robotics industry professionals with the goal of solving aviation business and operational challenges with robotics solutions Participated in the Offshore Technology Conference and Exhibition for the energy industry to demonstrate subsea capabilities with the Guardian® Sea Class Signed an agreement with VideoRay to sell integrated underwater robotic systems combining VideoRay remotely operated vehicles and Sarcos Guardian® Sea Class systems “We continue to refine our focus and gain momentum as we push toward commercialization of our robotic systems and solutions,” said Kiva Allgood, President and CEO, Sarcos.

Sarcos Technology and Robotics Corporation Announces First Quarter 2023 Financial Results

SALT LAKE CITY & POTTSTOWN, PA.--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development and manufacture of advanced robotic systems that redefine human possibilities, and VideoRay, the world's leading manufacturer of underwater robotic systems, announced today that the companies have signed an agreement to offer integrated underwater robotic systems combining VideoRay remotely operated vehicles (ROVs) with the Sarcos.

Sarcos and VideoRay Sign Agreement to Offer Integrated Underwater Robotic Systems

The heavy selling pressure might have exhausted for Sarcos Technology and Robotics Corporation (STRC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -14.31% in 4 Weeks, Here's Why Sarcos Technology and Robotics Corporation (STRC) Looks Ripe for a Turnaround

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development and manufacture of advanced robotic systems that redefine human possibilities, is collaborating with Jabil Inc., a leading manufacturing solutions provider, to expand Sarcos' production capacity for its robotic systems and sub-systems.

Sarcos Signs Manufacturing Services Agreement with Jabil to Advance Production Capabilities for Sarcos Robotic Systems

Sarcos Technology and Robotics Corporation (NASDAQ:STRC ) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET Company Participants Maria Shelton – Financial Profiles Kiva Allgood – President and Chief Executive Officer Drew Hamer – Chief Financial Officer Conference Call Participants Rob Mason – Baird Guy Hardwick – Credit Suisse Operator Good day and thank you for standing by. Welcome to the Fourth Quarter 2022 Sarcos Technology and Robotics Corporation Earnings Conference Call.

Sarcos Technology and Robotics Corporation (STRC) Q4 2022 Earnings Call Transcript

Sarcos Technology and Robotics Corporation (STRC) delivered earnings and revenue surprises of 33.33% and 9.30%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sarcos Technology and Robotics Corporation (STRC) Reports Q4 Loss, Tops Revenue Estimates

Delivered Fourth Quarter and Full Year 2022 Revenue at the High End of Guidance Achieved Guardian ® XM Production Goal and Debuted Prototype of Semi-Autonomous Baggage Loading System for Aviation Industry

Sarcos Technology and Robotics Corporation Announces Fourth Quarter and Full-year 2022 Financial Results

SALT LAKE CITY, March 06, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems and solutions that redefine human possibilities, today announced that it will release financial results for the fourth quarter and full year 2022 ended December 31, 2022 after the market closes on Thursday, March 16.

Sarcos Technology and Robotics Corporation to Report Fourth Quarter and Full Year 2022 Financial Results

SALT LAKE CITY--( BUSINESS WIRE )--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems that redefine human possibilities, announced today that after eight years of service to Sarcos, its Co-Founder and former CEO, Ben Wolff, will be stepping down from his employment as executive chairman effective February 1, 2023. He will continue to serve on the Sarcos Board of Directors as a non-employee director and chair the strategic transaction committee. Dennis Weibling, who has served as Lead Independent Director since 2021 and a member of the Board since 2015, has been elected as non-executive Chairman of the Board effective February 1, 2023.

Sarcos Co-Founder and Former CEO Ben Wolff to Step Down as Executive Chair

SALT LAKE CITY--( BUSINESS WIRE )--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems that redefine human possibilities, and Changi Airport Group (CAG) announced the inaugural demonstration of a jointly developed outdoor-based autonomous baggage loading system prototype.

Sarcos Robotics and Changi Airport Group Execute Demonstration of an Outdoor-Based Baggage Handling Robotics System

SALT LAKE CITY--( BUSINESS WIRE )--Sarcos Defense, a subsidiary of Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems that redefine human possibilities, today announced the company has been awarded a $1M contract by the Army Applications Laboratory, U.S. Army Futures Command for the testing of a robotic solution that Sarcos developed for ammunition handling and maneuvering.

Sarcos Defense Awarded $1M Contract by U.S. Army

Sarcos Technology and Robotics Corporation (NASDAQ:STRC ) Q3 2022 Results Conference Call November 8, 2022 5:00 PM ET Company Participants Ben Mimmack - Head, IR Kiva Allgood - President and CEO Drew Hamer - CFO Conference Call Participants Vraj Patel - Jefferies Guy Hardwick - Credit Suisse Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2022 Sarcos Technology and Robotics Corporation Earnings Call.

Sarcos Technology and Robotics Corporation (STRC) Q3 2022 Earnings Call Transcript

Sarcos Technology and Robotics Corporation (STRC) delivered earnings and revenue surprises of 14.29% and 8.49%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sarcos Technology and Robotics Corporation (STRC) Reports Q3 Loss, Lags Revenue Estimates

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Successfully Executes Field Trials Demonstrating Suite of Robotic Technologies for Maintenance, Inspection, and Repair in Shipyard Operations

Sarcos Successfully Executes Field Trials Demonstrating Suite of Robotic Technologies for Maintenance, Inspection, and Repair in Shipyard Operations

SALT LAKE CITY, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW) will participate in the following investor conference on Thursday, November 10, 2022:

Sarcos Technology and Robotics Corporation to Participate in Upcoming Investor Conference

SALT LAKE CITY--(BUSINESS WIRE)-- #robotics--Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leading developer of highly dexterous robotic systems that enhance productivity, improve safety, and bring robots to unstructured and diverse environments, announces the appointment of Drew Hamer as chief financial officer. Hamer is a proven finance executive with over twenty-five years of financial leadership at public and pre-public technology companies. Hamer joins Sarcos from V

Sarcos Technology and Robotics Corporation Appoints Drew Hamer as Chief Financial Officer

Sarcos Technology and Robotics Corporation (NASDAQ:STRC ) Q2 2022 Results Conference Call August 9, 2022 5:00 PM ET Company Participants Ben Mimmack - Head, IR Kiva Allgood - President and CEO Steve Hansen - CFO Conference Call Participants Robert Mason - Baird Guy Hardwick - Credit Suisse Operator Good afternoon, and thank you for standing by. Welcome to the Sarcos Technology and Robotics Second Quarter 2022 Earnings Call.

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