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.

Symbotic Reports First Quarter Fiscal 2023 Results

WILMINGTON, Mass., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its first quarter 2023 financial results after the market close on Monday, January 30, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date.

Symbotic Announces Date for Reporting First Quarter 2023 Financial Results

The usual hype surrounding revenue growth potential for a SPAC is inherent with Symbotic Inc., but the performance of the company and its backlog support the probability. Not surprisingly, Symbotic's cost of revenue and operating expenses exceeded revenue, and that's probably how it'll perform for a period of time.

Symbotic: A SPAC That Might Make It - Maybe

Symbotic Inc. (NASDAQ:SYM ) Q4 2022 Results Conference Call November 21, 2022 5:00 PM ET Company Participants Jeff Evanson - VP, IR and Corporate Development Richard Cohen - CEO Tom Ernst - CFO Conference Call Participants Piyush Awasthi - Citi James Ricchiuti - Needham Chris Snyder - UBS Matt Summerville - D.A. Davidson Mark Delaney - Goldman Sachs Mike Latimore - Northland Capital Markets Brian Gesuale - Raymond James Derek Soderberg - Cantor Fitzgerald Rob Mason - Baird Operator Good day and thank you for standing by.

Symbotic Inc. (SYM) Q4 2022 Earnings Call Transcript

Achieved Record Quarterly Revenue of $244 Million (167% Growth Year Over Year)

Symbotic Reports Fourth Quarter and Fiscal Year 2022 Results

WILMINGTON, Mass., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its fourth quarter and fiscal year 2022 financial results after the market close on Monday, November 21, 2022. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter and full year at 5:00 p.m. ET on the same date.

Symbotic Announces Date for Reporting Fourth Quarter and Fiscal Year 2022 Financial Results

Symbotic has a large total addressable market of $393 billion, which the company intends to strategically expand into over time. The company has a large $11.4 billion backlog and has won over large, strategic customers like Walmart, showing the strong value proposition that Symbotic brings to its customers.

Symbotic: Leading Warehouse Automation And Robotics Player With A Huge Growth Runway

Amazon

Berkshire Grey

Cognex

Honeywell

Kroger

Walmart

Zebra Technologies

Amazon is leading the automation drive as e-commerce customers demand faster deliveries. The post Labor Shortage Spurs Drive To Automate Warehouses appeared first on Investor's Business Daily.

Labor Shortage Spurs Drive To Automate Warehouses

United Natural Foods

PROVIDENCE, R.I. & WILMINGTON, Mass.--(BUSINESS WIRE)--UNFI and Symbotic announced they have entered into a commercial agreement to implement Symbotic's A.I.-powered robotics and software automation.

UNFI and Symbotic Announce Agreement to Implement Industry-Leading Warehouse Automation Systems

SYM has considerable runway to grow in a large TAM; the total addressable market is $373 billion across over 6,500 distribution hubs globally, and SYM's current market share is ~4%. Several economic tailwinds, such as the rise of e-commerce, the proliferation of stock-keeping units, and the cost and availability of staff, support the further expansion of warehouse automation TAM.

Symbotic: Positioned For Success

Symbotic Inc. (NASDAQ:SYM ) Q3 2022 Earnings Conference Call August 1, 2022 5:00 PM ET Company Participants Jeff Evanson - VP, IR and Corporate Development Rick Cohen - Founder and Chairman Michael Loparco - CEO Tom Ernst - CFO Conference Call Participants Matt Summerville - DA Davidson Mark Delaney - Goldman Sachs Mike Latimore - Northland Capital Markets Nicole DeBlase - Deutsche Bank Derek Soderberg - Cantor Fitzgerald Rob Mason - Baird James Ricchiuti - Needham Joe Giordano - Cowen Operator Good day, and thank you for standing by. Welcome to the Symbotic Third Quarter 2022 Earnings Call.

Symbotic Inc. (SYM) Michael Loparco on Q3 2022 Results - Earnings Call Transcript

WILMINGTON, Mass.--(BUSINESS WIRE)--Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for the third quarter of fiscal 2022, ended June 25, 2022. Symbotic posted revenue of $175.6 million, a quarterly loss of $32.9 million and an adjusted EBITDA loss1 of $21.8 million for the third quarter of fiscal 2022. In the same quarter of fiscal 2021, Symbotic had revenue of $131.5 million, a quarterly net loss of $37.8 million

Symbotic Reports Fiscal Year 2022 Third Quarter Results

WILMINGTON, Mass.--(BUSINESS WIRE)--Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its third quarter 2022 financial results after the market close on Monday, August 1, 2022. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The press release will be followed by a webcast hosted by Symbotic senior management at 5:00 p.m. ET on the same date. Members of the publ

Symbotic Announces Date for Reporting Third Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)-- #contractmanufacturers--New Board Members bring diversified leadership, vertical-SaaS expertise, and deep operational experience to accelerate Paperless Parts' growth.

Paperless Parts Appoints Experienced Operators to its Board of Directors and Board of Advisors as the Company Continues to Scale

Revolutionary warehouse automation technology from Symbotic offers investors a unique long term growth opportunity.

Walmart Likes This Company's Technology So Much It Became a Shareholder

Chipotle

Domino's Pizza

FedEx

Tesla

Advanced supply chain localization via automation could turn today's inflation situation into a win-win for businesses and consumers. The post This Emerging Tech Is the ‘Inflation Killer' appeared first on InvestorPlace.

This Emerging Tech Is the ‘Inflation Killer'

Raymond James analyst Brian Gesuale initiated coverage of Symbotic Inc. (NASDAQ: SYM), an automation technology company, at Outperform, with a price target of $18, implying an upside of 23%. Symbotic developed an AI software platform and proprietary hardware to provide an end-.

Why Symbotic Shares Are Surging Today

SPACs have performed horribly over the past year and a half or so. However, newly listed Symbotic is up 62% over the past 6 days while SPY is down 4%.

Symbotic: Warehouse Unicorn SPAC Shrugging Off Market Disdain

Walmart discloses it holds a 62.2% stake in the artificial intelligence supply chain technology company.

Symbotic Stock Surges After Walmart Discloses It Holds 62.2% Stake

Shares of AI supply chain company Symbotic Inc. SYM, +23.80% rose 4.9% in premarket trade Tuesday after Walmart Inc. WMT, -1.93% disclosed a 62.2% stake in the company. In a regulatory filing, Walmart said it had 58.8 million shares in Symbotic.

Symbotic shares jump 4.9% premarket after Walmart discloses 62.2% stake

WILMINGTON, Mass.--(BUSINESS WIRE)--Symbotic Inc. (NASDAQ: SYM), a leader in A.I.-enabled robotics automation technology, announced that shares of its Class A common stock will trade on The Nasdaq Stock Market today under the ticker symbol “SYM.” Symbotic's trading debut comes after the completion of its business combination with SVF Investment Corp. 3 (“SVF”), a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. The combined company now operates as S

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