Loading...
•
Sep 28, 2024
Symbotic Q4 2024 Earnings Report
Symbotic's Q4 2024 results were announced, featuring revenue growth and a return to historical gross margin levels.
Key Takeaways
Symbotic reported a strong fourth quarter with revenue of $577 million, net income of $28 million, and adjusted EBITDA of $55 million. The company's full-year revenue grew by 55% year-over-year. Looking ahead, Symbotic anticipates continued revenue growth and stable gross margins in the first quarter of fiscal year 2025.
Symbotic posted revenue of $577 million for Q4 2024, compared to $392 million in the same quarter of fiscal 2023.
Net income for the quarter was $28 million, a significant improvement from the net loss of $45 million in Q4 2023.
Adjusted EBITDA for Q4 2024 reached $55 million, up from $13 million in the prior year quarter.
Cash, cash equivalents, and marketable securities decreased to $727 million at the end of the fourth quarter.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2025, Symbotic expects revenue of $495 million to $515 million, and adjusted EBITDA of $27 million to $31 million.
Positive Outlook
- Continued strong topline growth
- Stable gross margins
- Targeted investments to capture an expanding set of opportunities
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
Loading earnings performance data...
Loading earnings reaction data...