Symbotic reports Q3 FY2022 revenue $175.6M (+34% YoY); backlog surges to $11.3B

Symbotic Inc.

2022-Q3 EPS reported -$0.03 revenue$348,900,000

Revenue $175.6M vs $131.5M year ago; net loss improved to $32.9M from $37.8M.
Adjusted EBITDA loss $21.8M vs $28.1M a year ago; 13 system deployments in progress (up from 4).
Backlog expanded by $6.3B during quarter to $11.3B; cash $412M, zero debt.
FY2022 guidance: revenue $490M-$510M (nearly double prior year); adjusted EBITDA loss $94M-$90M.
Became public via merger with SVF Investment Corp. 3 on June 7, 2022; stock trades as SYM.

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