Welcome to our dedicated page for Berkshire Grey news (Ticker: BGRY), a resource for investors and traders seeking the latest updates and insights on Berkshire Grey stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Berkshire Grey's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Berkshire Grey's position in the market.
Berkshire Grey (NASDAQ: BGRY) launched Scoop™, a robotic trailer unloader designed to handle high-variability, unstructured loads and improve dock throughput. The system uses a dual mode picking and induction approach, supports brownfield integration, and is in customer pilot installations with production deployments planned for 2026.
Scoop targets parcel, retail, eCommerce and 3PL docks, claims higher package handling rates via bulk unloading, and will be demonstrated at MODEX 2026 (April 13–16).
Berkshire Grey Inc. (BGRY) has announced a global partnership with Kardex AS Solutions, a leading provider of intralogistics and automated storage solutions. This collaboration aims to integrate Berkshire Grey's AI-enabled robotic picking technology with Kardex's AutoStore systems, offering customers a fully automated, one-touch fulfillment solution.
Key benefits of this partnership include:
- 99.99% picking accuracy
- Integrated end-to-end automated fulfillment
- Immediate performance without SKU data or teach-in period
- Scalability and space optimization
- Significant cost savings through enhanced efficiency
The combined solution promises to set new standards in AutoStore applications, delivering exceptional value to customers across various industries.
Summary not available.
Summary not available.
Berkshire Grey, a leader in AI-enabled robotic solutions, has successfully implemented the Robotic Shuttle Sortation Product (BG RSPS) system at Bealls’ Jacksonville, TX facility, achieving a productivity improvement of over 33% within just eight months. This automation project enhances the sorting process, allowing the facility to process thousands of items per hour, significantly improving replenishment for over 575 retail stores. Key project highlights include increased visibility into key performance indicators, labor optimization, and enhanced efficiency in order fulfillment. The collaboration with Hy-Tek Intralogistics plays a vital role in this implementation, marking a significant advancement in Berkshire Grey’s mission to revolutionize supply chain operations.
Berkshire Grey Inc. (Nasdaq: BGRY) reported FY 2022 revenue of $66 million, aligning with its outlook, and achieved a positive gross margin in Q4. The company executed 71 installations of its AI-enabled robotics solutions, starting 2023 with a backlog of approximately $100 million. Total orders since inception now total $265 million, with over $65 million in orders received in 2022, marking a 29% increase from 2021. Despite these advancements, the company reported a net loss of $102.8 million or ($0.44) per share, and an Adjusted EBITDA loss of ($105.4) million.
Berkshire Grey (Nasdaq: BGRY) has entered a definitive merger agreement with SoftBank Group Corp. Under this agreement, SoftBank will acquire all outstanding capital stock of Berkshire Grey not currently owned by them for $1.40 per share, valuing the transaction at approximately $375 million. This purchase represents a 24% premium over the stock price prior to the announcement. The merger is anticipated to close in Q3 2023, subject to regulatory and stockholder approvals. The partnership aims to enhance Berkshire Grey’s capabilities in AI robotics technology to better serve its customers across various industries.
Berkshire Grey Inc. (Nasdaq: BGRY) announced it received a non-binding indication of interest from SoftBank Group Corp. to acquire all outstanding shares for $1.30 each in cash. This potential deal is contingent upon due diligence and negotiations. The Company is also exploring other financing options while its Board considers SoftBank's offer and other alternatives with financial and legal advisors. There are no guarantees that any definitive agreements will be made.
Berkshire Grey specializes in AI-enabled robotic solutions aimed at transforming supply chain and logistics, catering to Global 100 retailers.
Berkshire Grey (Nasdaq: BGRY) has announced a partnership with Locus Robotics to deliver integrated robotic automation solutions for retail and eCommerce sectors. This collaboration integrates Berkshire Grey's Robotic Shuttle Put Wall (BG RSPWi) with Locus's Origin and Vector bots, addressing labor shortages while maximizing supply chain throughput. The solution enhances order fulfillment and store replenishment efficiency by processing a broader range of SKUs and optimizing labor costs. Both companies aim to address ongoing supply chain pressures driven by labor availability and inflation challenges, seeking to provide customers with flexible, comprehensive automation capabilities.
Berkshire Grey (BGRY) reported Q3 revenues of $23.6 million, a 26% increase year-over-year, contributing to a 93% rise in year-to-date revenues. The company achieved a record 57 system installations at 16 sites. Despite a net loss of $26.9 million and an adjusted EBITDA of ($26.1) million, Berkshire Grey maintains a backlog of approximately $104 million and has about $78 million in cash with no debt. The full-year revenue projection is revised to $65-70 million, reflecting delays at customer sites.
FAQ
What is the market cap of Berkshire Grey (BGRY)?
