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.

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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.

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Serve Robotics (NASDAQ: SERV ) stock gained 40% yesterday and is currently up about 5% this morning. However, the stock is experiencing some very volatile trading this morning.

Serve Robotics (SERV) Stock Keeps Trending After Nvidia-Fueled Rally

Directors Elected at 2024 Annual General Meeting SAN FRANCISCO , July 25, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the appointment of finance leader David Goldberg to its Board of Directors and the reappointment of Uber Technologies executive Sarfraz Maredia, following their election at Serve's 2024 Annual Meeting of Stockholders. "Their strategic insights, energy and perspectives will be invaluable as we focus on driving Serve Robotics forward," "We are thrilled to welcome David to the Board and extend Sarfraz's term.

Serve Robotics Appoints David Goldberg to Board of Directors and Extends Term for Sarfraz Maredia

SAN FRANCISCO , July 24, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous delivery robotics company, today announced the closing of a private placement with a single institutional investor for the purchase and sale of pre-funded warrants to purchase 2,500,000 shares of Serve's common stock (the "Common Stock"), together with warrants to purchase up to an aggregate of 2,500,000 shares of Common Stock at an exercise price of $6.00 per share. Each pre-funded warrant to purchase one share of Common Stock together with one warrant to purchase one share of Common Stock is being sold at a purchase price of $6.00.

Serve Robotics Announces Closing of $15 Million Private Placement

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Nvidia has invested in a handful of stocks over the past year, including Arm Holdings and SoundHound AI. According to a July 18 regulatory filing, Nvidia added to its position in little-known upstart Serve Robotics.

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Serve Robotics (NASDAQ: SERV ) stock is falling on Tuesday after the food delivery robot company priced a private offering for its shares. Serve Robotics is selling 2.5 million pre-funded warrants for SERV stock for $6 each.

Why Is Serve Robotics (SERV) Stock Down Today?

SAN FRANCISCO , July 23, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous delivery robotics company, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale, in a private placement, of pre-funded warrants to purchase 2,500,000 shares of Serve's common stock (the "Common Stock"), together with a warrants to purchase up to an aggregate of 2,500,000 shares of Common Stock at an exercise price of $6.00 per share. Each pre-funded warrant to purchase one share of Common Stock together with one $6.00  warrant to purchase one share of Common Stock is being sold at a purchase price of $6.00.

Serve Robotics Announces Pricing of $15.0 Million Private Placement

Serve Robotics has platform-level integrations with the Uber Eats division of Uber and convenience store chain 7-Eleven. Serve Robotics stock is only suited for investors comfortable with high-risk stocks, as the company generates limited revenue and has significant losses.

Nvidia's Ownership Stake News Sent Serve Robotics Stock Soaring 233%. Should You Also Buy This AI Stock?

Investors in Serve Robotics (NASDAQ: SERV ) stock are certainly cheering after last week saw semiconductor giant Nvidia (NASDAQ: NVDA ) take an interest in the small-cap company. Indeed, shares of SERV stock surged nearly 190% on Friday on news that Nvidia took a stake in the company.

5 Investors Betting Big on Serve Robotics (SERV) Stock

After gaining nearly 190% on Friday, Serve Robotics (NASDAQ: SERV ) stock is up another 50%-plus this morning. Last week, the huge rally in shares was sparked by a disclosure from Nvidia (NASDAQ: NVDA ) that it had obtained a relatively small stake in the robotics startup.

Serve Robotics (SERV) Stock Continues Soaring on Nvidia Bet

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Serve Robotics (NASDAQ: SERV ) stock is rising higher on Monday as the food delivery robotics company continues to rally thanks to Nvidia (NASDAQ: NVDA ). Shares of SERV stock are gaining after Nvidia revealed a stake in the company.

Why Is Serve Robotics (SERV) Stock Up 45% Today?

On Friday, Serve Robotics NASDAQ: SERV saw its stock surge higher by 187% on remarkable trading volume after NVIDIA NASDAQ: NVDA disclosed its stake in the company. This surge came after a recent Form 4 regulatory filing revealed NVIDIA's investment in Serve Robotics.

Innovative Robotics Stock Rockets 187% on NVIDIA Investment

Serve Robotics (NASDAQ: SERV ) stock is up a staggering 187% today after Nvidia (NASDAQ: NVDA ) disclosed a new investment into the company. Nvidia purchased 62,500 shares of the robotics company for $4 each last July, per a Securities and Exchange Commission (SEC) filing released Thursday.

SERV Stock Soars as Nvidia Reveals Big Bet on Serve Robotics

Serve Robotics Inc (NASDAQ: SERV) saw its stock price skyrocket by 140% on Friday following the announcement that AI giant Nvidia Corp (NASDAQ: NVDA) had acquired a substantial stake in the company, which specializes in low-emissions sidewalk delivery robots. Nvidia's strategic investment Nvidia invested over $3.

Serve Robotics stock soars 140% after Nvidia reveals major stake

Shares of Serve Robotics (SERV) surged on Friday after Nvidia (NVDA) reported a 10% stake in the delivery technology company, making it the latest upstart to get a boost from the AI giant's halo effect.

A Big Nvidia Stake Sends Another AI Stock Soaring

Serve Robotics (NASDAQ: SERV ) stock is on the rise Friday as the self-driving delivery robots maker sees heavy trading of its shares this morning. This has more than 5.4 million shares of SERV stock changing hands as of this writing.

Why Is Serve Robotics (SERV) Stock Up 75% Today?

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Delivery service now covers Koreatown, Los Angeles Expanded supply agreement signed to equip 2,000 robots with upgraded lidar hardware to support scaling of robotic fleet SAN FRANCISCO , June 27, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous delivery robotics company, today announced the expansion of its delivery operations into Koreatown as part of a long-term plan to broaden its geographic reach in Los Angeles and across the U.S. Additionally, in preparation for the scale up of its fleet for future expansions, Serve announced the expansion of its lidar supply agreement with Ouster, Inc. ("Ouster") to equip its next-generation robots with upgraded sensors for enhanced performance. Serving Koreatown "Tens of thousands of households in Los Angeles have experienced the convenience of autonomous delivery, with many hundreds of restaurants on Uber Eats serving their customers in a more sustainable and reliable way," said Serve co-founder and CEO, Dr. Ali Kashani.

Serve Robotics Announces Expanded Los Angeles Delivery, Extended Lidar Supply Agreement

SAN FRANCISCO , June 21, 2024 /PRNewswire/ -- Serve Robotics ("Serve") (Nasdaq:SERV), a leading autonomous sidewalk delivery company, today announced the appointment of Euan Abraham as its Chief Hardware & Manufacturing Officer. Abraham, who has been with Serve since January 2022 as Senior Vice President of Hardware Engineering, has been instrumental in the development of Serve's award-winning robots.

Serve Robotics Appoints Euan Abraham as Chief Hardware & Manufacturing Officer

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Serve Robotics challenges traditional last-mile deliveries with AI-powered robots for food delivery. Backed by Uber, Nvidia, Delivery Hero, 7-Eleven, and Magna, Serve aims to lower delivery costs and compete in a growing market. Despite promising technology and partnerships, Serve remains a speculative stock with potential risks and uncertainties.

Serve Robotics, An Uber Spinoff, Is A Promising But Speculative Stock

SAN FRANCISCO , June 10, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, has announced that its Annual Meeting of Stockholders ("Annual Meeting") will be held on Monday, July 22, 2024 at 12:00 p.m. PDT in virtual format.

News for Serve Robotics Inc Stock (SERV)