SAN CARLOS, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Presto Phoenix, Inc., the best-capitalized and largest American drive-thru Voice AI company for the quick-service restaurant (QSR) industry, today announced the launch of Presto Voice™ Menu Unification, a transformative product that streamlines the disparate restaurant menu data in a given brand into a structured and centralized data format. This innovative solution enables QSR brands to frictionlessly and optimally adopt Presto's industry-leading drive-thru Voice AI solution without having to spend time and capital to standardize the menu themselves. "We are thrilled to introduce our Menu Unification product," said Gee Lefevre, CEO

SAN CARLOS, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Presto Automation ("PRST"), a leading provider of AI-driven solutions for the quick-service restaurant (QSR) industry, today announced the conclusion of its Article 9 sale process and the successful auction results from December 3, 2024 of the Presto Automation business. Remus Capital led a group of investors including Link Ventures and PRST's prior lender, Metropolitan Partners Group, to acquire the assets of PRST. The new entity will be called Presto Phoenix ("Presto" or the "Company"). The Company will be a private entity that will retain the entirety of the Presto Voice™ platform, technology, and team. With an injection of $18M of n

SAN CARLOS, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. and Presto Automation LLC (together, "Presto" or the "Company"), one of the largest AI and automation technology providers to the restaurant industry, today announced an injection of significant operating capital from its senior secured lenders, led by Metropolitan Partners Group ("Metropolitan"). This capital will help support the Company and stabilize its ongoing operations during a sales process for the Company's business and assets, and was provided by the lenders following an uncontested notice of default to the Company from Metropolitan. Metropolitan, with the help of its sale agent, Rock Creek Advisor

SAN CARLOS, Calif., June 03, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. ("Presto" or the "Company") (NASDAQ:PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced that it has been collaborating with Taco John's® and Qu to implement a Presto Voice™ drive-thru pilot at select Taco John's restaurants. Presto Voice enhances the drive-thru staff's productivity by reducing the time they devote to taking orders, allowing them to focus on more critical tasks and reducing associated labor costs. It also provides customizable upsells to increase revenue and improve the guest experience with immediate, friendly service around the clock. Qu'

Successful Pilots of Presto Voice™ with Pure AI and Spanish Language Capabilities Focuses on Voice AI Solution for Drive-Thrus By Exiting Touch Pay-at-Table Solution SAN CARLOS, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal third quarter ended March 31, 2024. "We are encouraged by the significant progress we are making in our Voice AI solution across many operating metrics as we continue its roll-out to our drive-thru customers," said Gee Lefevre, Interim Chief Executive Officer of Presto. "Given the in

SAN CARLOS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. ("Presto" or the "Company") (NASDAQ:PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced the pilot program of its Presto Voice™ Spanish Voice AI ordering feature. Presto Voice's new AI feature will allow drive-thru customers to easily place orders in Spanish with the ability to effortlessly transition between English and Spanish when necessary. "We understand the importance of providing a seamless and inclusive experience for all restaurant guests and are excited to enhance Presto Voice's capabilities to address this important demographic," said Gee Lefevre,

SAN CARLOS, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced that the Company will release its fiscal third quarter 2024 financial results on Monday, May 20, 2024, after the financial markets close. Presto management will host a conference call at 5:00 p.m. Eastern Time on Wednesday, May 22, 2024, to discuss the financial results and other business highlights. Presto Automation, Inc. Fiscal Third Quarter 2024 Conference Call Details Date: Wednesday, May 22, 2024Time: 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time)Telco Registration: You can regist

SAN CARLOS, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. ("Presto" or the "Company") (NASDAQ:PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced the launch of Presto Voice with Pure AI, a transformative feature that delivers enhanced Voice AI order taking for restaurants. Presto Voice with Pure AI introduces a compelling new version of Voice AI technology for restaurant operators that streamlines their operations and enhances the customer experience. The new technology is autonomous, without humans-in-the-loop (HITL) who could intervene early in the order process before the AI has a chance to complete the order.

SAN CARLOS, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. ("Presto" or the "Company") (NASDAQ:PRST), one of the largest AI and automation technology providers to the restaurant industry, announced today that it has entered into a securities purchase agreement with institutional investors, providing for the purchase and sale of 4,800,000 shares of common stock in a registered direct offering, at a price per share of $0.25, which is above the Nasdaq Minimum Price. The offering is expected to close on or about March 18, 2024, subject to the satisfaction of customary closing conditions. Chardan is acting as sole placement agent for the offering. The gross proceeds to Pre

SAN CARLOS, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), announces that it is canceling its earnings call previously scheduled for 5 pm ET today. The company's Form 10-Q for the quarter ended December 31, 2024 was filed on February 21, 2024 and the company will communicate business updates and other developments to the market when appropriate. About Presto Automation Inc. Presto (NASDAQ:PRST) provides enterprise-grade AI and automation solutions to the restaurant industry. Our solutions are designed to decrease labor costs, improve staff productivity, increase revenue, and enhance the guest experience. We offer our AI solution, Presto Voice™, to quick

Chardan Capital Markets upgraded Presto Automation from Neutral to Buy and set a new price target of $5.00 from $4.25 previously

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World-renowned expert at the intersection of AI and health joins Allurion's SAB as company expands its Virtual Care Suite offering Allurion, a company dedicated to ending obesity, announced today it has appointed Regina Barzilay, Ph.D., to its Scientific Advisory Board, chaired by Professor Bob Langer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230405005082/en/Regina Barzilay Appointed to Allurion Scientific Advisory Board (Photo: Business Wire) "It is an honor to welcome Dr. Barzilay to Allurion, especially as we are building a digital-native healthcare business," said Dr. Shantanu Gaur, Founder and CEO of Allurion. "Her

Successful Pilots of Presto Voice™ with Pure AI and Spanish Language Capabilities Focuses on Voice AI Solution for Drive-Thrus By Exiting Touch Pay-at-Table Solution SAN CARLOS, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal third quarter ended March 31, 2024. "We are encouraged by the significant progress we are making in our Voice AI solution across many operating metrics as we continue its roll-out to our drive-thru customers," said Gee Lefevre, Interim Chief Executive Officer of Presto. "Given the in

SAN CARLOS, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced that the Company will release its fiscal third quarter 2024 financial results on Monday, May 20, 2024, after the financial markets close. Presto management will host a conference call at 5:00 p.m. Eastern Time on Wednesday, May 22, 2024, to discuss the financial results and other business highlights. Presto Automation, Inc. Fiscal Third Quarter 2024 Conference Call Details Date: Wednesday, May 22, 2024Time: 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time)Telco Registration: You can regist

SAN CARLOS, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST) ("Presto" or the "Company"), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal second quarter 2024 financial results on Tuesday, March 05, 2024. Presto management will host a conference call at 5:00 p.m. Eastern Time on that day to discuss the financial results and other business highlights. Presto Automation, Inc. Fiscal Second Quarter 2024 Conference Call Details Date: Tuesday, March 05, 2024Time: 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time)Telco Registration: You can register for the conference c

First Quarter Revenue in Line with Guidance Presto Voice Continues Momentum and is Now Live at Over 400 Locations Additional Capital Raised from Common Stock Issuance to an Affiliated Long-Term Investor SAN CARLOS, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) --  Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal first quarter ended September 30, 2023. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted. "Our first quarter results which came in at the midpoint of guidance, reflect a positive start to our fiscal

SAN CARLOS, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal first quarter 2024 financial results on Monday, November 20, 2023, after the financial markets close. Presto management will host a conference call at 5:00 p.m. Eastern Time on that day to discuss the financial results and other business highlights. Presto Automation, Inc. Fiscal First Quarter 2024 Conference Call Details Date: Monday, November 20, 2023Time: 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time)Telco Registration: You can register for the conf

SAN CARLOS, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands, today announced: Full Year 2023 revenue of $26.1 million, in line with guidance, with Fiscal Fourth Quarter 2023 revenue of $4.8 millionPresto Voice™ gaining significant traction with annual revenue opportunity1 reaching approximately $17 million (based on locations of franchisee customers with whom we have master service or pilot agreements in which Presto Voice has not been installed), as of September 30, 2023Inclusion in the broad-market Russell 3000® Index and small-cap Russell 2

SAN CARLOS, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal fourth quarter and full year 2023 financial results on Tuesday, October 10, 2023, after the financial markets close. Presto has delayed the date of its earnings press release and conference call for reasons related to the time required to complete annual review procedures given that Presto is completing its first full-year audit as a public company. Presto management will host a conference call at 5:00 p.m. Eastern Time on that day to discuss the finan

SAN CARLOS, Calif., May 18, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced financial results for the fiscal third quarter ended March 31, 2023. "We believe this is an inflection point for the drive-thru automation market and we continue to increasingly focus our attention on the Voice segment of our business, including the announcement of our partnership with CKE Restaurants for participating drive-thrus nationwide to use our Presto Voice product," said Krishna Gupta, interim CEO at Presto. "Our customers are learning about the revenue and efficiency benefits that Pre

SAN CARLOS, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced it will release its financial results for the fiscal third quarter 2023 results on Thursday, May 18, 2023 after the financial markets close versus the previously announced date of May 15, 2023 . Presto is revising the date of its earnings press release and conference call for reasons related to the time required to complete quarterly review procedures. Updated Fiscal Year 2023 Revenue Guidance Presto expects total revenue to be in the range of $26 million to $28 million (compared to $28-30

SAN CARLOS, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ:PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal third quarter 2023 financial results on Monday, May 15, 2023 after the financial markets close. Presto management will host a conference call at 5:00 p.m. Eastern Time on that day to discuss the financial results and other business highlights. Presto Automation, Inc Fiscal Third Quarter 2023 Conference Call Details Date:Monday, May 15, 2023Time:5:00 p.m. Eastern Time (2:00 p.m. Pacific Time)Telco Registration:You can register for the conference call at

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