Symbotic Inc (OQ:SYM)
Business Focus: Industrial Machinery & Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 200 Research Drive WILMINGTON MA 01887 |
| Tel: | N/A |
| Website: | https://www.symbotic.com |
| IR: | See website |
| Key People | ||
| Richard B. Cohen Chairman of the Board, President, Chief Executive Officer, Chief Product Officer | Carol J. Hibbard Chief Financial Officer, Treasurer | Miriam Ort Chief Human Resource Officer |
| Corey C. Dufresne Senior Vice President, General Counsel, Company Secretary | Michael Dunn Senior Vice President of Sales and Marketing, Product Strategy | George Dramalis Chief Technology Officer |
| William M. Boyd Chief Strategy Officer | Walter Odisho Chief Manufacturing, Supply Chain Officer | |
| Business Overview |
| Symbotic Inc. is an automation technology company reimagining the supply chain with its end-to-end, artificial intelligence (AI) powered robotic and software platform. The Company is engaged in developing, commercializing, and deploying end-to-end technology solutions that improve supply chain operations. It automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The Symbotic platform is based on an approach to connecting producers of goods to end users, in a way that resolves the mismatches of quantity, timing and location that arise between the two, while reducing costs. It utilizes fully autonomous robots, collectively controlled by its AI-enabled system software, to achieve at scale, real world supply chain improvements. It serves various industries, including retail grocery, retail general merchandise, food wholesale, footwear and apparel, consumer packaged goods and food and beverage. |
| Financial Overview |
| For the six months ended 30 March 2024, Symbotic Inc revenues increased 68% to $792.8M. Net loss decreased 36% to $8.5M. Revenues reflect Canada segment increase of 15% to $2.1M. Lower net loss reflects Stock-based Compensation in SGA decrease of 46% to $24.4M (expense), Stock-based Compensation in R&D decrease of 35% to $25.1M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.22 to -$0.09. |
| Employees: | 1,300 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $23,377M as of Mar 30, 2024 |
| Annual revenue (TTM): | $1,496M as of Mar 30, 2024 |
| EBITDA (TTM): | -$151.34M as of Mar 30, 2024 |
| Net annual income (TTM): | -$19.06M as of Mar 30, 2024 |
| Free cash flow (TTM): | $82.01M as of Mar 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 584,627,532 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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