Revenue Up 26% Year-Over-Year To $23.6 million in Q3; YTD Revenues Up 93% Completes Highest Number of Installations in a Quarter in Company History BEDFORD, Mass., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its third quarter ended September 30, 2022. Third-Quarter Financial Highlights Revenue of $23.6 million, an increase of 26% compared to the third quarter of 2021. Revenue includes $0.4 million for the provision for common stock warrants, which is recorded as a reduction in revenue. The Company previously issued a warrant to purchase Ber

BEDFORD, Mass., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced the Company will report third-quarter financial results before the market opens on November 14, 2022. The Company will host a conference call and accompanying webcast beginning at 10:00 a.m. ET to discuss its financial results for the quarter and to provide a business update. Berkshire Grey Third-Quarter 2022 Conference Call and Webcast Date: November 14, 2022Time: 10:00 a.m. ETDial-in: 1-833-630-2125 or 1-412-317-1844Conference ID: Berkshire Grey Q3 2022 Earnings CallLive webcast (listen only): https://ir.berks

BEDFORD, Mass., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its second quarter ended June 30, 2022. Second Quarter Financial Highlights Revenue of $23.4 million, an increase of $18.9 million or 421% as compared to the second quarter of 2021.$20 million in new orders in the second quarter of 2022 and through July 31, 2022.Backlog of $100 million, which includes orders through July 31, 2022.Net loss of $29.0 million or $(0.12) per diluted share.Adjusted EBITDA of $(30.3) million.$108 million of cash and cash equivalents with no debt as of June 30, 2022. Seco

BEDFORD, Mass., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report second quarter 2022 financial results before market open on Thursday August 11, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time that day to discuss its financial results for the quarter and to provide a business update. Berkshire Grey Second Quarter 2022 Conference CallDate: Thursday August 11, 2022Time: 10:00 a.m. Eastern timeDial-in: 1-833-630-1956 or 1-412-317-1837Conference ID: Berkshire Grey Q2 2022 earnings callLive webcast (listen only): https://ir.berkshiregrey.com/

BEDFORD, Mass., May 12, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for the quarter ended March 31, 2022. First Quarter Financial Highlights Revenue of $5.5 million.Total orders since inception of $203 million.Backlog of $103 million as of quarter-end.Net loss of $23.6 million or $(0.10) per diluted share.Adjusted EBITDA of $(31.8) million.Ended the quarter with $140 million of cash and no debt. First Quarter and Recent Business Highlights Named the 2022 Enabling Technology Leader for Intelligent Robotic Automation by Frost & Sullivan. Frost & Sullivan recognized Berk

BEDFORD, Mass., May 05, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report first quarter 2022 financial results before market open on Thursday May 12, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time that day to discuss its financial results for the quarter and to provide a business update. Berkshire Grey First Quarter 2022 Conference CallDate: Thursday May 12, 2022Time: 10:00 a.m. Eastern timeDial-in: 1-855-639-2214 or 1-409-216-0598Conference ID: 1697205Live webcast (listen only): https://ir.berkshiregrey.com/news-events The conference call avail

Exceeds Fourth Quarter and Full Year 2021 Revenue GuidanceEnters 2022 with Backlog of $105 Million BEDFORD, Mass., March 29, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its fourth quarter and year ended 2021. The Company: Delivered revenue of $23.6 million for the fourth quarter of 2021, ahead of expectations and a 556% increase as compared to the fourth quarter of 2020.Entered 2022 with strong backlog of $105 million, positioning the Company well for continued growth.Increased total orders to date to $200 million. "We made subst

BEDFORD, Mass., March 15, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report fourth quarter and full year 2021 financial results before market open on Tuesday, March 29, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time that day to discuss its financial results for the year and to provide a business update. Berkshire Grey Fourth Quarter 2021 Conference CallDate: Tuesday, March 29, 2022Time: 10:00 a.m. Eastern timeDial-in: 1-855-639-2214 or 1-409-216-0598Conference ID: 4180805Live webcast (listen only): https://ir.berkshiregrey.com/news-events The co

BEDFORD, Mass., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its third quarter ended September 30, 2021. Third Quarter and Recent Financial Highlights Revenue of $18.8 million in the third quarter of 2021, an increase of $16.6 million or 750% from the third quarter of 2020 and an increase of $14.3 million or 317% from the second quarter of 2021.Total orders since inception of $184 million including orders received in early October identified below.  The Company has received $70 million in new orders in 2021 year-to-date.Backlog of $113 million including orde

BEDFORD, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), the leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report third quarter 2021 financial results before market open on Thursday, November 11, 2021. The Company will host a conference call at 10:00 a.m. Eastern time on November 11, 2021 to discuss its financial results for the third quarter and to provide a business update. Berkshire Grey Third Quarter 2021 Conference Call.Date: Thursday, November 11, 2021Time: 10:00 a.m. Eastern timeDial-in: 1-855-639-2214 or 1-409-216-0598Conference ID: 4665177Live webcast (listen only): https://ir.berkshiregrey.com/news

BEDFORD, Mass. and LIVERPOOL, U.K., July 27, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc., a leader in AI-enabled robotic solutions that automate supply chain processes, and Maersk, an integrated logistics company working to connect and simplify its customers' supply chains, today announce their first collaboration in the UK. The project, to be deployed ahead of peak in its 685,000 sq ft facility at SEGRO Logistics Park East Midlands Gateway, is part of Maersk's key visions of leveraging cutting-edge technology to integrate logistics and offer flexible and resilient end-to-end solutions to its customers. Details of the project: Maximize SKU coverage across a variety of Maersk customers

BEDFORD, Mass. and COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Hy-Tek Intralogistics, a premier integrator of full-service automation technology for the supply chain, announce their formal partnership and celebrate the successful integration and installation of a highly-automated system for their customer, Bealls, Inc. Despite persistent global supply chain issues, just 8 months after Bealls selected BG, the Berkshire Grey's Robotic Shuttle Product Sortation (BG RSPS) systems were live in the Bealls Jacksonville, Texas facility sorting items bound for stores. The 4

Revenue of $66 Million for Full Year 2022 Meets Full Year Outlook Company Achieves Positive Gross Margins in Q4 BEDFORD, Mass. , March 29, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its fourth quarter and year ended December 31, 2022. The Company: Executed 71 installations of Berkshire Grey's advanced robotics solutions during 2022.Entered 2023 with backlog of approximately $100 million.Increased total orders since inception to $265 million.Achieved positive gross margin in the fourth quarter of 2022. "We had another strong quarter in terms of exec

BEDFORD, Mass., March 24, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY), ("Berkshire Grey" or the "Company") today announced that the Company has entered into a definitive merger agreement with SoftBank Group Corp. and its affiliate (together, "SoftBank"). Under the agreement, SoftBank will acquire all of the outstanding capital stock of the Company not currently owned by SoftBank for $1.40 per share in an all-cash transaction valued at approximately $375 million. SoftBank, a strategic investment holding company with stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers, has been an investor in Berkshire Grey since 201

BEDFORD, Mass., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), ("Berkshire Grey" or the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today confirmed that it has received a non-binding indication of interest from SoftBank Group Corp. ("SoftBank") to acquire all of the outstanding capital stock of the Company for $1.30 per share in cash. The terms of any potential agreement between Berkshire Grey and SoftBank would be contingent on certain conditions, including completion of due diligence review and negotiation of definitive transaction documents. Berkshire Grey also notes that it is currently evaluating various alternati

BEDFORD, Mass. and WILMINGTON, Mass., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Locus Robotics, the leader in Autonomous Mobile Robotics (AMR) for logistics and distribution warehouses, today announced their formal partnership with the unveiling of their combined solution that integrates the Berkshire Grey Robotic Shuttle Put Wall (BG RSPWi) with Locus Origin and Locus Vector bots. This innovative integrated solution deploys end-to-end robotic automation solutions for retail and eCommerce customers looking to maximize their supply chain productivity and throughput while addressi

Revenue Up 26% Year-Over-Year To $23.6 million in Q3; YTD Revenues Up 93% Completes Highest Number of Installations in a Quarter in Company History BEDFORD, Mass., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its third quarter ended September 30, 2022. Third-Quarter Financial Highlights Revenue of $23.6 million, an increase of 26% compared to the third quarter of 2021. Revenue includes $0.4 million for the provision for common stock warrants, which is recorded as a reduction in revenue. The Company previously issued a warrant to purchase Ber

BEDFORD, Mass., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced the Company will report third-quarter financial results before the market opens on November 14, 2022. The Company will host a conference call and accompanying webcast beginning at 10:00 a.m. ET to discuss its financial results for the quarter and to provide a business update. Berkshire Grey Third-Quarter 2022 Conference Call and Webcast Date: November 14, 2022Time: 10:00 a.m. ETDial-in: 1-833-630-2125 or 1-412-317-1844Conference ID: Berkshire Grey Q3 2022 Earnings CallLive webcast (listen only): https://ir.berks

BEDFORD, Mass., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY) ("Berkshire Grey" or the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced that the Company has entered into a purchase agreement and registration rights agreement (together, the "Agreement") for up to $75 million with Lincoln Park Capital Fund, LLC ("Lincoln Park"). Under the terms and conditions of the Agreement, the Company has the right, but not the obligation, to sell up to $75 million of its shares of common stock to Lincoln Park over a 36-month period, subject to certain limitations. Any common stock that is sold to Lincoln Park will occur at

FiscalNote (NYSE:NOTE), a leading AI-driven enterprise SaaS company that delivers market intelligence and data insights, announced the appointment of Sara Buda as Vice President, Investor Relations, effective today. In the newly created role at FiscalNote, Buda brings more than two decades of experience in investor relations, corporate development, shareholder communications, analyst engagement, financial analysis, and M&A strategy at publicly traded companies - primarily within the technology and SaaS sectors. She was recently ranked as the #1 Investor Relations Professional in her sector, and led the #1 ranked IR program, by Institutional Investor. Buda will serve as the company's prima