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Sep 30, 2023
Symbotic Q4 2023 Earnings Report
Symbotic reported record revenue and improved margin as deployments accelerated.
Key Takeaways
Symbotic reported strong Q4 2023 results with revenue of $392 million, a net loss of $45 million, and adjusted EBITDA of $13 million. The company initiated four new system deployments and completed commissioning of two systems, accelerating the pace of deployments. Cash and cash equivalents increased to $548 million.
Revenue reached $392 million, up from $244 million in the same quarter of fiscal 2022.
Net loss was $45 million, an improvement from the $53 million net loss in Q4 2022.
Adjusted EBITDA was $13 million, a significant improvement from the adjusted EBITDA loss of $20 million in Q4 2022.
Cash and cash equivalents increased by $35 million from the prior quarter to $548 million.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2024, Symbotic expects revenue of $350 million to $370 million and adjusted EBITDA of $11 million to $14 million.
Positive Outlook
- Expects revenue of $350 million to $370 million for Q1 2024.
- Expects adjusted EBITDA of $11 million to $14 million for Q1 2024.
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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