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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.
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 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