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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.
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 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