Welcome to our dedicated page for SYMBOTIC news (Ticker: SYM), a resource for investors and traders seeking the latest updates and insights on SYMBOTIC stock.
Symbotic Inc. (Nasdaq: SYM) is an automation technology company focused on A.I.-enabled robotics and software for warehouse and supply chain operations. The SYM news feed on Stock Titan highlights company announcements that explain how Symbotic is developing and deploying its end-to-end, A.I.-powered warehouse automation platform and high-density storage structures.
Investors and analysts following SYM news will see regular earnings and financial results releases, where Symbotic reports revenue by systems, software maintenance and support, and operation services, along with updates on non-GAAP measures such as adjusted EBITDA and free cash flow. These releases often include management commentary on operational progress, system deployments and technology evolution within the Symbotic System.
News for Symbotic also covers capital markets activity, including primary and secondary offerings of Class A common stock under its shelf registration statement on Form S-3. Such announcements describe the size of offerings, selling securityholders and intended use of proceeds for general corporate purposes.
Because Symbotic positions itself as a leader in A.I.-enabled robotics technology for the supply chain, the company issues product and technology updates such as the introduction of next-generation storage structures and new Nyobolt battery technology for SymBot autonomous mobile robots. These updates provide insight into Symbotic’s approach to high-density storage, case handling speed, deployment efficiency and power systems for its robots.
Corporate governance and regulatory developments, including Board of Directors changes and SEC-related updates, also appear in Symbotic’s news. Users interested in SYM can use this page to review a chronological view of financial results, technology milestones, capital raises and governance disclosures that shape the company’s trajectory in warehouse automation and supply chain technology.
Symbotic Inc. (Nasdaq: SYM), an A.I.-enabled robotics technology leader for supply chains, reported its Q3 fiscal 2024 results. The company posted revenue of $492 million, a net loss of $14 million, and adjusted EBITDA of $15 million. This marks significant improvement from Q3 fiscal 2023, which saw revenue of $312 million, a net loss of $39 million, and an adjusted EBITDA loss of $3 million.
The company's cash position decreased by $81 million to $870 million. Symbotic started five system deployments and completed three operational systems during the quarter. For Q4 fiscal 2024, Symbotic projects revenue between $455-$475 million and adjusted EBITDA of $28-$32 million.
Despite record revenue, system gross margin fell below expectations due to extended construction schedules and implementation costs. The company is focusing on improving its planning, implementation speed, and project management to enhance performance.
Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, has announced the date for its third quarter fiscal 2024 financial results release. The company will disclose its financial performance after the market close on Monday, July 29, 2024. Following the release, Symbotic will host a live webcast at 5:00 p.m. ET to discuss the quarterly results.
Interested parties can access the webcast by registering at the provided link for a personal access code. The webcast will also be available for replay on Symbotic's Investor Relations website. For any questions regarding webcast access, investors are directed to contact Symbotic Investor Relations at ir@symbotic.com.
Symbotic Inc. (Nasdaq: SYM) reported revenue of $424 million, a net loss of $41 million, and adjusted EBITDA of $22 million for the second quarter of fiscal 2024. The company showed significant improvement from the previous year in terms of revenue, net loss, and adjusted EBITDA. Cash, cash equivalents, and marketable securities also saw an increase, reaching $951 million at the end of the quarter. Symbotic's leadership highlighted advancements in software and hardware that will benefit customers, accelerate deployment times, and increase deployment capacity. The company projects revenue of $450 million to $470 million and adjusted EBITDA of $27 million to $29 million for the third quarter of fiscal 2024.
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