Loading...
•
Jun 25, 2022
Symbotic Q3 2022 Earnings Report
Symbotic's Q3 2022 results were announced, revealing record quarterly revenue and an expanded backlog.
Key Takeaways
Symbotic reported a strong third quarter in fiscal year 2022, marked by significant revenue growth and backlog expansion. The company's revenue reached $175.6 million, with an increased backlog of $6.3 billion, bringing the total to $11.3 billion. Despite these gains, the company experienced a net loss of $32.9 million.
Symbotic's revenue reached a record $175.6 million.
The company expanded its backlog by $6.3 billion, reaching a total of $11.3 billion.
Symbotic completed its business combination with SVF Investment Corp. 3 and became a publicly traded company.
The company ended the quarter with $412 million in cash and cash equivalents and zero debt.
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
Symbotic expects revenue of $490 million to $510 million and an adjusted EBITDA loss of $94 million to $90 million for the fiscal year ending 2022.
Positive Outlook
- Expects revenue of $490 million to $510 million for the fiscal year ending 2022.
- Nearly doubling 2021 annual revenue.
- Continued investment in transformational technologies.
- Scaling the business for its increasing potential.
- Clear visibility towards future growth.
Challenges Ahead
- Expects an adjusted EBITDA loss of $94 million to $90 million.
- Continued investment in transformational technologies.
- Scaling the business for its increasing potential.
- Information reconciling forward-looking adjusted EBITDA to net loss is unavailable.
- Certain items required for reconciliations are outside of Symbotic’s control and/or cannot be reasonably predicted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income