---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-289944"
form_type: "8-K"
ticker: "SYM"
cik: "0001837240"
company_name: "Symbotic Inc."
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:15:19.732389+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Symbotic Q4 revenue $244M, 167% growth; CEO Rick Cohen replaces Loparco

## Summary
- Q4 revenue $244.4M (167% YoY); net loss $53.3M; adjusted EBITDA loss $20.4M.
- Full FY2022 revenue $593.3M (136% YoY); net loss $139.1M; adj. EBITDA loss $89.8M.
- Rick Cohen (Chairman/President) appointed CEO effective Nov 19; Michael Loparco resigned as CEO/director.
- Loparco receives $1.05M severance, $700K target bonus, $200K advisory fees; non-compete through Jan 2024.
- Q1 FY2023 guidance: revenue $170M-$200M; adj. EBITDA loss $21M-$25M.

## SEC filing metadata
- accession: 0001193125-22-289944
- form_type: 8-K
- ticker: SYM
- cik: 0001837240
- company_name: Symbotic Inc.
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/0001193125-22-289944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/d417748d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-289944
- JSON: https://secwatch.observer/filing/0001193125-22-289944.json
- Plain text: https://secwatch.observer/filing/0001193125-22-289944.txt

## Key facts
- Earnings Releases
  Symbotic Inc. reported the fiscal year ended September 24, 2022 results: revenue $593.3 million, net income $139.1 million.
  - Period: the fiscal year ended September 24, 2022
  - Revenue: $593.3 million
  - Net income: $139.1 million
  - Result: reported results
  source text: For the full fiscal year 2022, Symbotic reported revenue of $593.3 million, reflecting 136% growth year over year, a loss of $139.1 million, and an adjusted EBITDA loss 1 of $89.8 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/0001193125-22-289944-index.htm
- Earnings Releases
  Symbotic Inc. reported the first quarter of fiscal 2023 results: revenue $170 million to $200 million. Guidance initiated.
  - Period: the first quarter of fiscal 2023
  - Revenue: $170 million to $200 million
  - Guidance: initiated
  - Result: guidance update
  source text: For our first quarter of fiscal 2023, we expect revenue of $170 million to $200 million, more than double our first quarter fiscal 2022 revenue. We also expect an adjusted EBITDA 2 loss of $21 million to $25 million reflecting reduced system cost, offset by continued investments in innovation and scaling of our business.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/0001193125-22-289944-index.htm
- Earnings Releases
  Symbotic Inc. reported the fourth quarter of fiscal 2022 results: revenue $244.4 million, net income $53.3 million.
  - Period: the fourth quarter of fiscal 2022
  - Revenue: $244.4 million
  - Net income: $53.3 million
  - Result: reported results
  source text: Symbotic posted revenue of $244.4 million, a net loss of $53.3 million and an adjusted EBITDA loss 1 of $20.4 million for the fourth quarter of fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/0001193125-22-289944-index.htm
- Executive change
  Richard Cohen was appointed as Chief Executive Officer at Symbotic Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On November 19, 2022, the board of directors (the “Board”) of Symbotic Inc. (the “Company”) appointed Richard Cohen, the Company’s current Chairman of the Board and President, as the Chief Executive Officer of the Company, effective as of November 19, 2022 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/0001193125-22-289944-index.htm
- Executive change
  Michael J. Loparco resigned as Chief Executive Officer at Symbotic Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: In connection with Mr. Cohen’s appointment, Michael J. Loparco, the Chief Executive Officer of the Company resigned from his positions as Chief Executive Officer and a member of the Board effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/0001193125-22-289944-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.