Symbotic Inc

Symbotic, Inc. operates as an automation technology company, which engages in a robotics and automation-based product movement technology platform. It focuses on rebuilding the traditional warehouse, powered by a fleet of autonomous robots with artificial intelligence enabled software, to create a first of its kind physical structure that can power a customer’s entire supply chain technology platform. The company was founded by Richard B. Cohen on December 11, 2020 and is headquartered in Wilmington, MA.

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Symbotic Inc (SYM) reports triple-digit revenue growth and backlog expansion

Symbotic Inc (SYM) delivered robust Q1 results with triple-digit revenue growth and a significant contracted backlog. The company faces challenges in managing margins and deployment timelines but has opportunities in international expansion and operational efficiency. By focusing on scaling operations and increasing liquidity, Symbotic Inc aims to address a massive TAM and drive growth through outsourcing partnerships.

Symbotic Inc reports stellar Q2 earnings, eyes sustained growth

Symbotic Inc's Q2 2023 performance reflects robust revenue growth and operational advancements, supported by a strong financial position and strategic outlook.
While facing challenges in restructuring, revenue variability, and supply chain dynamics, the company is poised to leverage opportunities in margin expansion and customer growth.
By emphasizing innovation, efficiency, and profitability, Symbotic Inc aims to drive sustainable growth and technological leadership in the automation industry.

Symbotic Inc reports record Q3 results and eyes profitable growth

Symbotic Inc's Q3 2023 earnings call showcased robust financial performance, anticipating profitability in Q4 and strong revenue growth.
The company's strategic focus on partnerships, innovation, and supply chain stability positions it well for future growth and success.
Challenges lie in managing margins, optimizing GreenBox facilities, and meeting deployment demands while seizing growth opportunities.
Overall, Symbotic's performance, strengths, and opportunities indicate a promising trajectory in the automation and supply chain solutions market.

Symbotic Inc doubles revenue in Q4 2023, eyes international expansion

Symbotic Inc's strong Q4 2023 performance, backed by revenue growth, operational advancements, and strategic partnerships, sets a positive trajectory for future growth. The company's focus on innovation, scalability, and customer satisfaction positions it well to capitalize on market opportunities and drive profitability. While challenges exist in managing rapid expansion and operational transitions, Symbotic's strategic initiatives and financial outlook remain promising.

Symbotic Inc reports stellar Q1 performance, eyes growth opportunities

Symbotic Inc delivered strong financial and operational results in Q1 2024, driven by revenue growth, margin improvement, and operational efficiency, positioning the company for continued growth and success.
The company's focus on innovation with BreakPack and SymBot, alongside strategic customer acquisitions and deployment enhancements, underscores a commitment to market responsiveness and long-term sustainability.
While facing challenges in deployment pace and cost management, Symbotic Inc's solid financial position, customer-centric approach, and continuous improvement initiatives provide a strong foundation for future growth and profitability.
Opportunities in revenue diversification, market expansion, and operational enhancement present avenues for Symbotic Inc to capitalize on its strengths and navigate challenges, ensuring sustained success and value creation.

Symbotic Inc (SYM) reports stellar Q2 earnings, eyes innovation for growth

Symbotic Inc (SYM) delivered strong financial performance in Q2 2024, with revenue growth, improved operating leverage, and healthy cash reserves. The company's standardized SymBots drive operational efficiency, while innovations present opportunities for revenue growth. Challenges include managing lower-margin projects and adapting to evolving client needs.

Symbotic Inc reports record revenue growth, addresses margin challenges

Symbotic Inc's Q3 performance showcased robust revenue growth but faced challenges with system gross margin due to construction delays. The company is proactively addressing these issues, aiming for improved margins and enhanced deployment efficiency. With a focus on in-house construction management and GreenBox deployment progress, Symbotic is poised for future growth.

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Symbotic, Inc. is an automation technology company, which engages in a robotics and automation-based product movement technology platform. It focuses on developing, commercializing, and deploying innovative, end-to-end technology solutions for supply chain operations. It operates through the United States and Canada geographical segments. The company was founded by Richard B. Cohen on December 11, 2020 and is headquartered in Wilmington, MA.

NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Symbotic Inc. Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - SYM

NEW YORK, NY / ACCESSWIRE / August 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Shareholders that lost money on Symbotic Inc.(SYM) should contact Levi & Korsinsky about Securities Fraud Investigation - SYM

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NEW YORK, NY / ACCESSWIRE / August 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Symbotic Being Investigated on Behalf of Symbotic Inc. Investors. Contact Levi & Korsinsky For Details.

WILMINGTON, Mass., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic Acquires Veo Robotics to Enhance Efficiency and Safety Innovation

NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Symbotic Inc. (SYM) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

NEW YORK, NY / ACCESSWIRE / August 8, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Levi & Korsinsky Reminds Symbotic Investors of the Ongoing Investigation into Potential Violations of Securities Laws - SYM

NEW YORK, NY / ACCESSWIRE / August 7, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Shareholder Rights Advocates at Levi & Korsinsky Investigate Symbotic Inc. (SYM) Regarding Possible Securities Fraud Violations

NEW YORK, NY / ACCESSWIRE / August 6, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

ATTENTION Symbotic Inc. Investors: You May Have Been Affected by Fraud- Contact Levi & Korsinsky to Discuss Your Rights

NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Symbotic Inc. (SYM) Shareholders May Have Been Affected by Fraud- Levi & Korsinsky Investigates

Symbotic CEO Rick Cohen discusses company growth, potential, and unique warehouse system at 2024 Investor Day. The company faces challenges with execution issues and construction delays impacting revenue growth and margins. Risks include SPAC history, dual-share structure, and high short interest.

Symbotic Stock Upgrade: A Speculative Buy Opportunity For Bold Investors

Symbotic helps automate facilities to make them use resources more efficiently.

Should Investors Buy Symbotic Stock on the Dip?

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NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

Symbotic Inc. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - SYM

NEW YORK, NY / ACCESSWIRE / August 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

SYM ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Symbotic Inc.

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Fiscal Q3 revenue soared 58% year over year, beating Wall Street's 49% expectation. Loss per share was $0.02, which fell short of the analyst-consensus estimate of earnings per share of $0.03.

Symbotic Stock Plunges 23.5% due to the AI-Powered Robot Maker's Guidance for Revenue Growth to Slow

NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Symbotic Inc. ("Symbotic") (NASDAQ:SYM) concerning possible violations of federal securities laws. On July 29 , 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024.

SYM STOCK ALERT: Levi & Korsinsky Notifies Symbotic Inc. Investors of an Ongoing Investigation

Shares of Symbotic (NASDAQ: SYM ) are taking a tumble after the artificial intelligence (AI) robotics company reported its earnings. As of this writing, SYM stock is down about 25%.

Symbotic (SYM) Stock Is Down 25% on Weak Guidance. What's Going on with the AI Darling?

Symbotic beat sales expectations for fiscal Q3, but it posted an unexpected loss. Margins have not improved to the extent that investors had anticipated.

Why Symbotic Stock Is Plummeting Today

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Start Time: 17:00 January 1, 0000 5:53 PM ET Symbotic Inc. (NASDAQ:SYM ) Q3 2024 Earnings Conference Call July 29, 2024, 17:00 PM ET Company Participants Rick Cohen - Founder, Chairman and CEO Carol Hibbard - CFO Jeff Evanson - VP, IR and Corporate Development Conference Call Participants Andy Kaplowitz - Citi Damian Karas - UBS Matt Summerville - D.A. Davidson Ross Sparenblek - William Blair Greg Palm - Craig-Hallum Jim Ricchiuti - Needham Nicole DeBlase - Deutsche Bank Mark Delaney - Goldman Sachs Rob Mason - Baird Ken Newman - KeyBanc Capital Markets Derek Soderberg - Cantor Fitzgerald Joe Giordano - TD Cowen Operator Good day and thank you for standing by.

Symbotic Inc. (SYM) Q3 2024 Earnings Call Transcript

Symbotic Inc. (SYM) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.07 per share a year ago.

Symbotic Inc. (SYM) Reports Q3 Loss, Tops Revenue Estimates

Shares of Symbotic slumped more than 13% in extended trading after the robotics vendor forecast current-quarter revenue and adjusted core profit below estimates, hurt by higher costs and slowing deployment of its automation systems.

News for Symbotic Inc Stock (SYM)