secwatch.observer — SEC 8-K summary
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Issuer:     Symbotic Inc. (SYM)
CIK:        0001837240
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001837240-23-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837240/000183724023000112/0001837240-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837240/000183724023000112/sym-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001837240-23-000112

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