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Mar 30, 2024
Symbotic Q2 2024 Earnings Report
Symbotic's financial performance improved with increased revenue and adjusted EBITDA.
Key Takeaways
Symbotic reported a revenue of $424 million, a net loss of $41 million, and an adjusted EBITDA of $22 million for Q2 2024. The company experienced revenue growth and margin expansion, driven by advancements in software and hardware that accelerated deployment progress.
Revenue increased to $424 million compared to $267 million in the same quarter of fiscal 2023.
Net loss improved to $41 million from $55 million in the second quarter of fiscal 2023.
Adjusted EBITDA was $22 million, a significant increase from an adjusted EBITDA loss of $11 million in the prior year's quarter.
Cash, cash equivalents, and marketable securities increased by $276 million from the prior quarter, reaching $951 million.
Revenue by Segment
Forward Guidance
For the third quarter of fiscal 2024, Symbotic anticipates revenue between $450 million and $470 million, and adjusted EBITDA between $27 million and $29 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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