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.

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Wall Street Analysts See Symbotic Inc. (SYM) as a Buy: Should You Invest?

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Symbotic still generates most of its revenue from Walmart. It created another major customer through a joint venture with SoftBank.

3 Things You Must Know Before Buying Symbotic Stock

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WILMINGTON, Mass., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 10,000,000 shares of its Class A common stock by the Company and certain trusts for the benefit of, and entities controlled by, Richard Cohen, the Company's founder, chairman and chief executive officer, or members of his family (the “Selling Securityholders”). In the offering, 5,000,000 shares of Class A common stock are being sold by the Company and 5,000,000 shares of Class A common stock are being sold by the Selling Securityholders, each at a public offering price of $40.50 per share. In addition, Symbotic has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.

Symbotic Announces Pricing of Primary and Secondary Offering of Class A Common Stock

WILMINGTON, Mass., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic Announces Primary and Secondary Offering of Class A Common Stock

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98 percent year-over-year revenue growth with a backlog exceeding $23B. Revenue will grow by more than $230,000 per site. Given the projected increases, the current share price is undervalued. Symbotic's leading customers consist of Walmart, Target, Albertsons, C&S Wholesale Grocers, and more.

Symbotic: Warehouse As A Service

Symbotic's stock price initially crashed after lackluster earnings and has since bounced back.

Symbotic Stock: Buy, Sell, or Hold?

Symbotic's Q1 revenue of $369 was in-line, but the stock price plunged over 20% due to high market expectations. Symbotic's delivery-based revenue model and dependencies on suppliers and subcontractors can lead to quarterly revenue fluctuations. We are reducing our revenue estimate for FY 2024 due to the slower pace of new system deployments.

Symbotic: Still A Buy But Price Target Lowered

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Symbotic lost less money than expected in its most recent quarter, and posted strong sales growth. But investors have come to expect more dramatic beats, and the company's guidance was a bit soft compared to consensus.

Why Symbotic Stock Is Plunging Today

Fiscal Q1 revenue soared 79% year over year, meeting Wall Street's expectation. Loss per share was $0.02, easily exceeding the analyst consensus estimate of a loss per share of $0.06.

Symbotic Stock Plunges 19% Despite Earnings Beating and Revenue Meeting Wall Street's Estimates

Symbotic Inc shares slumped almost 20% in pre-market trading on Tuesday following the robotics firm's report of a first-quarter loss and low guidance for the coming months. Net losses sat just shy of US$13 million for the three months to December, the warehouse automation company updated on Monday, equating to US$0.02 per share.

Symbotic sinks after posting loss and subpar guidance

Symbotic Inc. (SYM) Q1 2024 Earnings Call Transcript

Symbotic Inc. (SYM) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.12 per share a year ago.

News for Symbotic Inc Stock (SYM)