earnings
confidence high
sentiment positive
materiality 0.75
Serve Robotics Q3 revenue $0.22M, cash $50.9M, acquires Vebu (Autocado), expands to Dallas
Serve Robotics Inc. /DE/
2024-Q3 EPS reported
-$0.78
revenue$1,636,641
- Q3 revenue $0.22M (incl. $0.04M software); cash $50.9M; zero debt.
- Avg daily supply hours 465 (+108% YoY); daily active robots +97% YoY.
- Raised $32.3M net in private placements; ATM program established post-Q3.
- Acquires Vebu (Autocado robot) in all-stock deal, adding back-of-house automation.
- Plans 2,000 robots by end 2025 under Uber Eats (ahead of schedule); Dallas expansion by Q2 2025.