Serve Robotics Inc

ServiceMaster Brands® is a leading franchise provider of essential residential and commercial services. Founded in 1929, the company is home to over 3,500 franchisees across 4,900+ locations serving over 1,000,000 homes and businesses in 2021. ServiceMaster was founded with a deep commitment to integrity and customer service and does business under nine brands today across 50 states and ten countries that generate more than $3.5B in system-wide sales: ServiceMaster Restore®, ServiceMaster Recovery Management®, ServiceMaster Clean®, Merry Maids®, TWO MEN AND A TRUCK ®, Aftermath Services®, Indoor Science, AmeriSpec®, and Furniture Medic®. While each brand maintains a distinct identity, we share a commitment to our mission to make everyday heroes more heroic. From our franchisee experience to career development to our community, our values – We Serve, We Care, We Deliver, We Do - guide us. Working as part of our team means bringing your best ideas to work every day and seeing the impact of your contributions. Stars in our company at all levels are builders—they love to create, lead and see their plan come to life. Our best people understand that while great ideas are important, they require incredible focus and teamwork to execute. Life inside our company is the opportunity to do the best work of your career with a high energy. ServiceMaster Brands is headquartered in Atlanta, Georgia. Roark Capital Group acquired ServiceMaster Brands in October 2020. Roark focuses on investing in the consumer and business services sectors, with a specialization in multi-location and franchised businesses. Since inception, affiliates of Roark have invested in 100 multi-location, franchised brands, which collectively generate $62 billion in annual system revenues from 66,000 locations in 50 states and 89 countries. Please visit www.roarkcapital.com to learn more.

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Serve Robotics reports Q3 revenue growth, eyes strategic expansion

Serve Robotics is making strides in robot deployment and strategic partnerships, though facing operational challenges and competition.
The company's financial performance in Q3 2024 showed revenue growth but a net loss, emphasizing the need for cost management.
With a strong cash balance and strategic acquisitions, Serve Robotics is poised for growth through market expansion and new revenue streams.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Serve Robotics, Inc. engages in providing self-driving delivery. It designs, develops, and operates zero-emissions robots that serve people in public spaces, starting with food delivery. The company was founded by Ali Kashani, Dmitry Demeshchuk and MJ Burk Chun in 2017 and is headquartered in Redwood City, CA.

SAN FRANCISCO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the appointment of former Postmates and GM executive Anthony Armenta as Chief Software and Data Officer. In the newly created role, Armenta will lead the development and strengthening of Serve's software, AI, and autonomy stack, enhancing the robots' reliability, performance, and ability to scale nation-wide.

Serve Robotics Appoints Anthony Armenta as Chief Software & Data Officer

SERV rides on strong prospects, driven by robust demand for last-mile delivery amid intensifying competition.

Serve Robotics Surges 180% in 6 Months: How Should You Play the Stock?

Serve Robotics is to acquire Vebu, known for the Autocado, aiming to revolutionize kitchen automation and capitalize on the growing demand for innovative robotics in commercial kitchens. The Autocado, which cores, cleans, and mashes avocados, has the potential to become a high-growth, high-market-share product, driving significant revenue. Vebu's broader focus on robotics in the food industry promises substantial labor savings, productivity increases, and higher operating margins for restaurants. These savings will cause Serve's stock to appreciate from FOMO.

Serve Robotics Is Positioned To Remake The QSR Industry

Serve Robotics Inc. (NASDAQ:SERV ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Aduke Thelwell – Head-Communications and Investor Relations Ali Kashani – Co-Founder and Chief Executive Officer Brian Read – Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today.

Serve Robotics Inc. (SERV) Q3 2024 Earnings Call Transcript

Serve Robotics , known for its sidewalk delivery robots, is branching out from its mainstay focus on automated delivery solutions and into restaurant kitchens through its acquisition of the 'Autocado' technology seen at Chipotle stores.

Serve Robotics steps into restaurant kitchens with Vebu acquisition

Announced plans for geographic expansion into the Dallas Fort Worth metro Completed $32.3 million in capital raise transactions; Cash balance of $50.9 million as of third quarter end Announced agreement to acquire Vebu and its pioneering avocado-processing robot, Autocado SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced financial results for the third quarter 2024 ended September 30, 2024. "During the third quarter we made significant operational and financial progress related to several priorities; laying the foundation for a successful 2025," said Dr. Ali Kashani, Serve's Co-founder and CEO.

Serve Robotics Announces Third Quarter 2024 Results

Acquisition deepens Serve's offerings for the restaurant industry, helping partners improve efficiency and manage labor shortage challenges from kitchen to curb SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ --  Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous robotic delivery company, today announced its agreement to acquire the assets of Vebu Inc. ("Vebu"), a trailblazer in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed.

Serve Robotics to Acquire Autocado Robot Maker Vebu, Expanding Automation Offering

SERV's third-quarter 2024 performance is likely to have gained from rapid advances in robotics, supported by partner platforms.

Serve Robotics to Report Q3 Earnings: Buy, Sell or Hold the Stock?

CRISPR Therapeutics

Rocket Lab USA

These pioneering companies are transforming delivery, medicine, and space access--potentially creating massive opportunities for early investors.

3 Companies Building Tomorrow's Game-Changing Technologies

SAN FRANCISCO , Oct. 29, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will release its financial results for the third quarter ended September 30, 2024 after U.S. markets close on Thursday, November 7, 2024. Company management will host a conference call and webcast at 2:00 p.m.

Serve Robotics Announces Date of Third Quarter 2024 Financial Results and Conference Call

Serve Robotics' stock soared after Nvidia's stake in the company was revealed.

Nvidia and Uber Invested in This Small Artificial Intelligence (AI) Robotics Company. Should You?

Archer Aviation

Applied Blockchain Inc

Joby Aviation

Intuitive Machines Inc

Intellia Therapeutics

Navitas Semiconductor Corp

Prime Medicine Inc

SoundHound AI Inc

Virgin Galactic

These 12 innovative companies could deliver exponential returns over the next quarter century.

12 High-Growth Stocks That Could Deliver Parabolic Returns

Since becoming a publicly traded stock in April 2024, shares of food deliver robot maker Serve NASDAQ: SERV have gone on a wild ride. Shares fell gradually for several months after going public.

Is This NVIDIA Backed Robotics Stock a Buy As It Nears Expansion?

Serve Robotics stock jumped 225% when Nvidia's stake in the company was revealed, but it plummeted afterward.

Should You Follow Nvidia Into This Artificial Intelligence (AI) Stock?

Serve Robotics announces its partnership with Wing Aviation LLC.The Collaboration expands Autonomous delivery and ensures efficiency.

SERV Partners With Wing to Boost Delivery: Should You Buy the Stock?

Serve robots enable pick-up in dense urban areas, as Wing drones expand Serve delivery radius Robot-to-drone solution will enable fast, affordable restaurant delivery over 6 mile radius SAN FRANCISCO , Oct. 1, 2024 /PRNewswire/ --  Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Wing Aviation LLC , an on-demand drone delivery provider, today announced a pilot partnership to expand eco-friendly, autonomous food delivery offering a novel solution that will redefine last mile delivery. In the coming months, select Wing deliveries will be picked up by a Serve delivery robot from the restaurant's curbside and delivered to a Wing drone AutoLoader a few blocks away, for aerial delivery to customers as much as 6 miles away.

Serve Robotics and Wing Partner to Expand Autonomous Delivery, Increasing Reach and Efficiency

Alphabet

Serve Robotics , which delivers food for Uber Eats using sidewalk robots, said it would partner with Alphabet-owned Wing Aviation to use drones, extending the operational range to more than six miles.

Serve Robotics ties up with Alphabet's unit for drone deliveries, launching pilot in Texas

SERV shares are not for faint-hearted investors but are attractive on a long-term basis due to an expanding robotics fleet.

Serve Robotics Rises 10% in a Week: Should You Buy SERV Stock?

Archer Aviation is pioneering electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Serve Robotics is transforming last-mile delivery with AI-powered autonomous robots.

2 Groundbreaking Innovation Stocks With Explosive Growth Potential

Evolv Technologies Holdings

SoundHound AI will profit from the growing demand for voice recognition tools. Serve Robotics could replace human delivery drivers with automated robots.

3 Millionaire-Maker Artificial Intelligence (AI) Stocks

Serve reported strong year-over-year growth, but the company is still very small. It announced a new partnership with Shake Shack.

Why Serve Robotics Stock Plunged 52% in August

SAN FRANCISCO , Sept. 4, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that its management will deliver a presentation and join a fireside chat interview at the following virtual event: H.C.

Serve Robotics to Present at H.C. Wainwright's Annual Global Investment Conference

Serve Robotics Down 37% in a Month: Is SERV Stock a Buy on the Dip?

NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV). About Serve Robotics Inc. Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States.

Aegis Capital Corp. Acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV)

SAN FRANCISCO , Aug. 28, 2024 /PRNewswire/ --  Serve Robotics Inc.  ("Serve" or "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the Company has closed on a securities purchase agreement expected to result in gross proceeds of approximately $20.0 million to the Company. The transaction closed on August 28, 2024.

News for Serve Robotics Inc Stock (SERV)