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Dec 30, 2023
Symbotic Q1 2024 Earnings Report
Reported strong financial and operational results, with revenue growth and positive adjusted EBITDA.
Key Takeaways
Symbotic Inc. announced its first fiscal quarter 2024 results, posting revenue of $369 million, a net loss of $13 million, and adjusted EBITDA of $14 million. Revenue grew nearly 80% compared to the same period a year ago. The company initiated five system deployments and completed three systems during the quarter.
Revenue reached $369 million, marking nearly 80% growth compared to the same quarter last year.
Net loss was $13 million for the quarter.
Adjusted EBITDA was $14 million, representing the second quarter of positive adjusted EBITDA.
Cash, cash equivalents, restricted cash and marketable securities increased by $129 million from the prior quarter, reaching $677 million.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal 2024, Symbotic expects revenue of $400 million to $420 million, and adjusted EBITDA of $12 million to $15 million.
Positive Outlook
- Revenue is expected to be between $400 million and $420 million.
- Adjusted EBITDA is expected to be between $12 million and $15 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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