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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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