Symbotic Q1 FY2022 revenue $77.1M, backlog $5.3B, gross margin 18.8%

Symbotic Inc.

Revenue $77.1M vs $5.5M YoY; net loss $23.1M improved from $26.2M loss.
Adjusted EBITDA -$21.3M; gross margin 18.8% versus -10.2% a year ago.
Contracted backlog reaches $5.3B, providing strong visibility for growth.
Results disclosed ahead of proposed business combination with SVF Investment Corp. 3 (SVFC).

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