Loading...
•
Mar 25, 2023
Symbotic Q2 2023 Earnings Report
Symbotic's Q2 2023 financial results were released, showcasing revenue growth and progress in outsourcing and resource rationalization.
Key Takeaways
Symbotic reported a significant 177% year-over-year revenue increase in Q2 2023, reaching $266.9 million. The company experienced a net loss of $55.4 million and an adjusted EBITDA loss of $11.2 million. They also completed installations at multiple customer sites and initiated seven new system deployments.
Revenue grew to $266.9 million, marking a 177% increase year-over-year.
Net loss was $55.4 million, while adjusted EBITDA loss was $11.2 million.
Cash, cash equivalents, restricted cash and marketable securities increased by $17.1 million from the prior quarter.
Seven new system deployments were initiated during the quarter.
Symbotic
Symbotic
Symbotic Revenue by Segment
Revenue by Segment
Systems Revenue
CapyFin.comSoftware maintenance and support Revenue
CapyFin.comOperation services Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal 2023, Symbotic expects revenue of $245 million to $265 million and an adjusted EBITDA loss of $11 million to $8 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income