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.

Revenue Growth Accelerates to 177% Year-Over-Year Reached Significant Outsourcing and Resource Rationalization Milestones Initiated Seven New System Deployments WILMINGTON, Mass., May 01, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic Reports Second Quarter Fiscal 2023 Results

Symbotic is expected to sustain high double-digit growth as it converts its backlog of over $12 billion. Symbotic's disruptive technology has gained endorsements from leading players in the grocery and general merchandise retail industry, including Walmart.

Symbotic: Transforming Warehouse Operations With End-To-End Automation Solution

WILMINGTON, Mass., April 24, 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 second quarter fiscal 2023 financial results after the market close on Monday, May 1, 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 Second Quarter Fiscal 2023 Financial Results

WILMINGTON, Mass., April 19, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will host an Investor Day with financial analysts and institutional investors on May 18, 2023. Executive leaders from Symbotic will present an updated view of the company's long-term strategy, followed by Q&A. The event will be live streamed starting at 2:30 PM ET on May 18, 2023. Registration is required. To participate in the Investor Day webcast, register at https://www.symbotic.com/investor-day-2023-webcast/. A replay of the webcast will be made available following the conclusion of the event.

Symbotic to Host Investor Day and Webcast

One aspect of the growth potential of artificial intelligence (AI) the headlines often overlook is its ability to revolutionize the automation of warehouses and other key parts of the supply chain.

Symbotic: An Under-the-Radar Automation and AI Play

Symbotic has one of the strongest contracted backlog of $12 billion, which is still growing and management expects to add one to two new customers each year. Symbotic is bringing on and ramping up new Tier 1 outsourcing partners expected to help ramp up capacity and drive costs down in the near term.

Symbotic: Growing Into A Leader In Warehouse Automation

MIT Professor Brings Decades of Research and Experience in Robotics and Artificial Intelligence MIT Professor Brings Decades of Research and Experience in Robotics and Artificial Intelligence

Daniela Rus Elected to Board of Directors of Symbotic

Symbotic Inc. (NASDAQ:SYM ) Q1 2023 Earnings Conference Call January 30, 2023 5:00 PM ET Company Participants Jeff Evanson - Vice President, Investor Relations Rick Cohen - Founder, Chairman and Chief Executive Officer Tom Ernst - Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Andrew Kaplowitz - Citi Mark Delaney - Goldman Sachs Nicole DeBlase - Deutsche Bank James Ricchiuti - Needham & Company Michael Latimore - Northland Capital Markets Chris Snyder - UBS Rob Mason - Baird Joe Giordano - Cowen Derek Soderberg - Cantor Operator Thank you for standing by and welcome to the Symbotic's First Quarter 2023 Financial Results Conference Call.

Symbotic Inc. (SYM) Q1 2023 Earnings Call Transcript

CORRECTION -- Symbotic Reports First Quarter Fiscal 2023 Results

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

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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

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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.

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