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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.
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 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