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Sep 24, 2022
Symbotic Q4 2022 Earnings Report
Symbotic achieved record quarterly revenue with 167% growth year over year and improved adjusted EBITDA margin.
Key Takeaways
Symbotic reported record quarterly revenue of $244.4 million, a net loss of $53.3 million, and an adjusted EBITDA loss of $20.4 million for Q4 2022. The company achieved 167% revenue growth year over year and improved adjusted EBITDA margin. Rick Cohen was named Chief Executive Officer.
Achieved record quarterly revenue of $244.4 million, representing 167% growth year-over-year.
Adjusted EBITDA margin improved by more than 14 percentage points compared to the same period a year ago.
Initiated a record five system deployments during the fourth quarter.
Established key partnerships to support growth through 2025 and expanded customer base.
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 first quarter of fiscal 2023, Symbotic expects revenue of $170 million to $200 million and an adjusted EBITDA loss of $21 million to $25 million.
Positive Outlook
- Revenue expected to more than double compared to first quarter fiscal 2022.
- Reduced system cost.
- Continued investments in innovation.
- Scaling of the business.
- Strong growth plans through 2025.
Challenges Ahead
- Adjusted EBITDA loss of $21 million to $25 million.
- Continued investments in innovation.
- Scaling of the business.
- Uncertainties related to future performance.
- Risks associated with business and economic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income