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.

Symbotic beat expectations by a country mile. Management expects its growth spurt to continue.

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Symbotic Inc. (NASDAQ:SYM ) Q2 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Jeff Evanson – Vice President-Investor Relations Rick Cohen – Founder, Chairman and Chief Executive Officer Carol Hibbard – Chief Financial Officer Conference Call Participants Andy Kaplowitz – Citi Matt Summerville – D.A. Davidson Mark Delaney – Goldman Sachs Nicole DeBlase – Deutsche Bank Ken Newman – KeyBanc Capital Markets Greg Palm – Craig-Hallum Mike Latimore – North Capital Markets Robert Mason – Baird Joe Giordano – TD Cowen Derek Soderberg – Cantor Fitzgerald Operator Good day and thank you for standing by.

Symbotic Inc. (SYM) Q2 2024 Earnings Call Transcript

Symbotic Inc. (SYM) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.10 per share a year ago.

Symbotic Inc. (SYM) Beats Q2 Earnings and Revenue Estimates

WILMINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

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Symbiotic (SYM) is expected to register strong top and bottom lines when it reports second-quarter fiscal 2024 results.

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Symbotic Inc. (SYM) reachead $39.73 at the closing of the latest trading day, reflecting a -0.9% change compared to its last close.

Symbotic Inc. (SYM) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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WILMINGTON, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic to Stream Investor Day Webcast on May 9, 2024

Symbotic Announces Date for Reporting Second Quarter Fiscal 2024 Financial Results

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The latest trading day saw Symbotic Inc. (SYM) settling at $44.85, representing a +0.79% change from its previous close.

Symbotic Inc. (SYM) Beats Stock Market Upswing: What Investors Need to Know

Even after notching gains of 66% over the past year, one analyst believes there's still 35% upside. Symbotic is a leader in warehouse robotics powered by artificial intelligence, and its growth is off the charts.

Symbotic Stock Still Has 37% Upside After Its Big Surge, According to 1 Wall Street Analyst

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