secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001832483-24-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics Q3 revenue $0.22M, cash $50.9M, acquires Vebu (Autocado), expands to Dallas
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000183248324000028/0001832483-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000183248324000028/serv-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001832483-24-000028

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