Symbotic Q2 revenue surges 177% YoY to $266.9M; net loss widens to $55.4M

Symbotic Inc.

2023-Q2 EPS reported -$0.22 revenue$473,166,000

Revenue $266.9M vs $96.3M in prior-year quarter; net loss $55.4M vs $29.9M loss.
Adjusted EBITDA loss improved to $11.2M from $26.2M loss a year ago.
Cash, equivalents, restricted cash and securities $464.6M, up $17.1M QoQ.
Initiated seven new system deployments, completed one; restructuring charge $8.4M from Montreal closure.
Q3 fiscal 2023 guidance: revenue $245M-$265M; adjusted EBITDA loss $11M-$8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Symbotic Inc. reported second fiscal quarter ended March 25, 2023 results: revenue $266.9 million, net income $55.4 million.

Period: second fiscal quarter ended March 25, 2023
Revenue: $266.9 million
Net income: $55.4 million
Result: reported results

Exact text from the filing

Symbotic posted revenue of $266.9 million, a net loss of $55.4 million and an adjusted EBITDA loss 1 of $11.2 million for the second quarter of fiscal 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Symbotic Inc. reported third quarter of fiscal 2023 results: revenue $245 million to $265 million. Guidance initiated.

Period: third quarter of fiscal 2023
Revenue: $245 million to $265 million
Guidance: initiated
Result: guidance update

Exact text from the filing

For the third quarter of fiscal 2023, Symbotic expects revenue of $245 million to $265 million.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Symbotic Inc. filing history →

Source: SEC EDGAR

accession 0001837240-23-000112

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.