Symbotic Q3 FY23 revenue $312M, net loss $39M; GreenBox JV lifts backlog to $23B

Symbotic Inc.

2023-Q3 EPS reported -$0.29 revenue$785,003,000

Revenue $312M (up 77% YoY); net loss $39M; adjusted EBITDA loss narrowed to $3M from $22M a year ago.
Cash, equivalents, restricted cash and marketable securities total $513M, up $48M from prior quarter.
GreenBox joint venture expands addressable market by over $500B; contracted backlog rises to ~$23B.
Initiated six new system deployments and completed commissioning of one system during the quarter.
Q4 FY23 guidance: revenue $290M-$310M, adjusted EBITDA $0M-$3M.

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 third quarter of fiscal 2023 ended June 24, 2023 results: revenue $312 million, net income -39 million. Guidance initiated.

Period: third quarter of fiscal 2023 ended June 24, 2023
Revenue: $312 million
Net income: -39 million
Guidance: initiated
Result: reported results

Exact text from the filing

Symbotic posted revenue of $312 million, a net loss of $39 million and an adjusted EBITDA loss 1 of $3 million for the third quarter of fiscal 2023.

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accession 0001837240-23-000137

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