WILMINGTON, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its fourth fiscal quarter and fiscal year ended September 28, 2024. Symbotic posted revenue of $577 million, net income of $28 million and adjusted EBITDA1 of $55 million for the fourth quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million. Cash, cash equivalents and marketable securities on hand decreased by $143 million from the prior quarter to $727 million at the end of the fourth quarter. For the full f

WILMINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release fourth quarter and fiscal year 2024 financial results after the market close on Monday, November 18, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter and fiscal year 2024 at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q4-2024 for a personal access code. The webcast will be available for repl

WILMINGTON, Mass. and MEXICO CITY, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has entered into commercial agreements with Walmart de México y Centroamérica (MBV/BIVA: Walmex), to implement Symbotic's industry-leading warehouse automation systems in two of the retailer's locations near Mexico City. Under the agreements, Symbotic will deploy its end-to-end systems at two greenfield distribution centers, with the first site currently breaking ground in the Bajio region of Mexico. The Bajio site will be one of the largest in Walmex's distribution network in Mexico and marks the largest sys

WILMINGTON, Mass., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has ranked No. 58 on Fast Company's sixth annual Best Workplaces for Innovators list, honoring organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels. Symbotic's next-generation robotics and intelligent software is revolutionizing warehouse operations by delivering unmatched efficiency, speed, and flexibility for some of the world's largest retailers and wholesalers. "At Symbotic, innovation is a core value, and we take great pride in empowering every team mem

WILMINGTON, Mass., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced it has acquired substantially all of the assets of Veo Robotics, an innovator in intelligent safeguarding for industrial robots. Assets purchased under this agreement include the FreeMove® 3D depth-sensing computer vision system for industrial workcells and all related intellectual property. By integrating FreeMove into its robotic warehouse automation system, Symbotic expects to increase productivity with more dynamic, flexible human-machine collaboration. "The innovative FreeMove vision system allows Symbotic to enhance productivit

WILMINGTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its third fiscal quarter of 2024 ended June 29, 2024. Symbotic posted revenue of $492 million, a net loss of $14 million and adjusted EBITDA1 of $15 million for the third quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $312 million, a net loss of $39 million and an adjusted EBITDA loss1 of $3 million. Cash, cash equivalents and marketable securities on hand decreased by $81 million from the prior quarter to $870 million at the end of the third quarter. "Symbotic continues to i

WILMINGTON, Mass., July 15, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2024 financial results after the market close on Monday, July 29, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q3-2024 for a personal access code. The webcast will be available for replay on the Symbotic Investor Relat

USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 25, 2024 /PRNewswire/ -- USA News Group – Tech companies are advancing the artificial intelligence (AI) revolution at breakneck speed. However, new regulations are potentially in the works, as Reuters is already reporting that the USA is moving closer to curbing investments in China's AI and tech sectors. A draft has already been published, governing investments into China's emerging tech sector amidst political tensions. While the future of any kind of potential global alliance in AI development doesn't look likely at this time, several developers in North America are making significant developments in AI that c

WILMINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second fiscal quarter of 2024 ended March 30, 2024. Symbotic posted revenue of $424 million, a net loss of $41 million and adjusted EBITDA¹ of $22 million for the second quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $267 million, a net loss of $55 million and an adjusted EBITDA loss¹ of $11 million. Cash, cash equivalents and marketable securities on hand increased by $276 million from the prior quarter to $951 million at the end of the second quarter. "This past quarter

WILMINGTON, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will host an Investor Day with financial analysts and institutional investors on May 9, 2024. Executive leaders from Symbotic will present an updated view of the company's long-term strategy, followed by Q&A. The event will be live streamed starting at 3:00 PM ET on May 9, 2024. Registration is required. To participate in the Investor Day webcast, register at https://www.symbotic.com/investor-day-2024-webcast/. A replay of the webcast will be made available following the conclusion of the event. Please direct any questions

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Vertical Research initiated coverage of Symbotic with a rating of Hold and set a new price target of $45.00

DA Davidson upgraded Symbotic from Neutral to Buy and set a new price target of $50.00

Needham reiterated coverage of Symbotic with a rating of Buy and set a new price target of $54.00 from $58.00 previously

KeyBanc Capital Markets initiated coverage of Symbotic with a rating of Overweight and set a new price target of $50.00

DA Davidson downgraded Symbotic from Buy to Neutral and set a new price target of $50.00 from $36.00 previously

William Blair downgraded Symbotic from Outperform to Mkt Perform

UBS downgraded Symbotic from Buy to Neutral and set a new price target of $40.00 from $34.00 previously

William Blair resumed coverage of Symbotic with a rating of Outperform

Craig Hallum initiated coverage of Symbotic with a rating of Buy and set a new price target of $35.00

UBS initiated coverage of Symbotic with a rating of Buy and set a new price target of $17.00

WILMINGTON, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its fourth fiscal quarter and fiscal year ended September 28, 2024. Symbotic posted revenue of $577 million, net income of $28 million and adjusted EBITDA1 of $55 million for the fourth quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million. Cash, cash equivalents and marketable securities on hand decreased by $143 million from the prior quarter to $727 million at the end of the fourth quarter. For the full f

WILMINGTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its third fiscal quarter of 2024 ended June 29, 2024. Symbotic posted revenue of $492 million, a net loss of $14 million and adjusted EBITDA1 of $15 million for the third quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $312 million, a net loss of $39 million and an adjusted EBITDA loss1 of $3 million. Cash, cash equivalents and marketable securities on hand decreased by $81 million from the prior quarter to $870 million at the end of the third quarter. "Symbotic continues to i

WILMINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second fiscal quarter of 2024 ended March 30, 2024. Symbotic posted revenue of $424 million, a net loss of $41 million and adjusted EBITDA¹ of $22 million for the second quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $267 million, a net loss of $55 million and an adjusted EBITDA loss¹ of $11 million. Cash, cash equivalents and marketable securities on hand increased by $276 million from the prior quarter to $951 million at the end of the second quarter. "This past quarter

WILMINGTON, Mass., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2024 ending December 30, 2023. Symbotic posted revenue of $369 million, a net loss of $13 million and adjusted EBITDA1 of $14 million for the first quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $206 million, a net loss of $68 million and an adjusted EBITDA loss1 of $16 million. Cash, cash equivalents, restricted cash and marketable securities on hand increased by $129 million from the prior quarter to $677 million at the end of the first quarter.

WILMINGTON, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its fourth quarter and fiscal year ended September 30, 2023. Symbotic posted revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million for the fourth quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $244 million, a net loss of $53 million and an adjusted EBITDA loss1 of $20 million. Cash, cash equivalents, restricted cash and marketable securities on hand increased by $35 million from the prior quarter of 2023, to $548 million at the end of the

Achieved Record Revenue and Operating Margin Cash, Cash Equivalents, Restricted Cash and Marketable Securities Reach $513 Million GreenBox Joint Venture Doubles Addressable Market & Increases Order Backlog To $23 Billion WILMINGTON, Mass., July 31, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its third fiscal quarter ended June 24, 2023. Symbotic posted revenue of $312 million, a net loss of $39 million and an adjusted EBITDA loss1 of $3 million for the third quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $176 million, a net loss of $33 mi

Revenue Growth Accelerates to 177% Year-Over-Year Reached Significant Outsourcing and Resource Rationalization Milestones Initiated Seven New System Deployments WILMINGTON, Mass., May 01, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its second fiscal quarter ended March 25, 2023. Symbotic posted revenue of $266.9 million, a net loss of $55.4 million and an adjusted EBITDA loss1 of $11.2 million for the second quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $96.3 million, a net loss of $29.9 million and an adjusted EBITDA loss1 o

Achieved 168% Revenue Growth Year-Over-Year Initiated a Record Six System Deployments Contracted Backlog Increased to $12 Billion WILMINGTON, Mass., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its first fiscal quarter ended December 24, 2022. Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA loss1 of $16.3 million for the first quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $77.1 million, a net loss of $23.1 million and an adjusted EBITDA loss1 of $21.3 million. "Symbotic achieved trip

Vertical Research analyst Kevin McCarthy initiates coverage on Symbotic (NASDAQ:SYM) with a Hold rating and announces Price Target of $45.

BWS Financial analyst Hamed Khorsand initiates coverage on Symbotic (NASDAQ:SYM) with a Sell rating and announces Price Target of $10.

Symbotic's (NYSE:SYM) short percent of float has risen 15.77% since its last report. The company recently reported that it has 10.59 million shares sold short, which is 27.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.16 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i

Goldman Sachs analyst Mark Delaney maintains Symbotic (NASDAQ:SYM) with a Neutral and lowers the price target from $46 to $40.

Symbotic's (NYSE:SYM) short percent of float has fallen 6.33% since its last report. The company recently reported that it has 8.70 million shares sold short, which is 22.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.88 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i

Symbotic's (NYSE:SYM) short percent of float has risen 13.74% since its last report. The company recently reported that it has 9.26 million shares sold short, which is 24.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 10.04 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is

Gainers Blue Bird (NASDAQ:BLBD) stock moved upwards by 18.0% to $44.3 during Wednesday's after-market session. The market value of their outstanding shares is at $1.4 billion. As per the news, the Q2 earnings report came out today. Graphex Gr (AMEX:GRFX) stock moved upwards by 7.69% to $0.42. The company's market cap stands at $18.8 million. AerSale (NASDAQ:ASLE) shares rose 6.35% to $8.03. The market value of their outstanding shares is at $425.6 million. As per the press release, Q1 earnings came out today. Lichen China (NASDAQ:LICN) shares increased by 4.99% to $0.94. The company's market cap stands at $25.8 million. Hyliion Holdings (NYSE:HYLN) stock rose 4.47% to $1.49. The company