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.

Symbotic Inc reports robust Q4 performance, eyes stable growth in Q1

Symbotic Inc's Q4 2024 earnings call highlighted strong performance, expansion into new geographies, and investments in technology and people. Challenges with restatements were addressed, and the company is poised for stable growth and scaling EBITDA margin in Q1 2025.

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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.

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.

Symbotic slides on dour forecast as warehouse robotics deployment slows

WILMINGTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic Reports Third Quarter Fiscal Year 2024 Results

Symbiotic's (SYM) stronger segmental performance is likely to have boosted its top line in third-quarter fiscal 2024.

Should You Buy Symbiotic (SYM) Before Its Q3 Earnings Results?

Symbotic Inc. (SYM) is an automation technology company that focuses on improving operating efficiencies in modern warehouses.  Here are some key points about Symbotic: The company plans to announce its earnings on July 29, 2024.

Symbotic Stock (SYM) Showing Bullish Buy Potential

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WILMINGTON, Mass., July 15, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic Announces Date for Reporting Third Quarter Fiscal 2024 Financial Results

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Is SYMBOTIC INC (SYM) a Buy as Wall Street Analysts Look Optimistic?

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Palantir's growth is stabilizing and its profits are soaring. Symbotic has an early-mover advantage in the warehouse automation market.

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Shares of Symbotic have been volatile over the past year. The company is capturing strong demand for its warehouse automation solutions.

Should You Buy Symbotic Stock Down 45% From Its 52-Week High?

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Brokers Suggest Investing in SYMBOTIC INC (SYM): Read This Before Placing a Bet

In the most recent trading session, Symbotic Inc. (SYM) closed at $34.01, indicating a -1.36% shift from the previous trading day.

Why Symbotic Inc. (SYM) Dipped More Than Broader Market Today

SYMBOTIC INC (SYM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

News for Symbotic Inc Stock (SYM)