secwatch.observer — SEC 8-K summary
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Issuer:     Symbotic Inc. (SYM)
CIK:        0001837240
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001193125-22-289944
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/0001193125-22-289944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837240/000119312522289944/d417748d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-289944

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer