Symbotic Q1 revenue $369M (+79% YoY); net loss narrows to $13M; guides Q2 $400M-$420M

Symbotic Inc.

2024-Q1 EPS reported -$0.02 revenue$368,450,000

Revenue $369M, up 79% from $206M in Q1 FY2023; net loss $13M vs $68M loss a year ago.
Adjusted EBITDA turned positive at $14M, compared to a $16M loss in prior year quarter.
Cash, equivalents, restricted cash and marketable securities increased $129M to $677M.
Initiated 5 system deployments, completed 3 systems in the quarter.
Q2 FY2024 guidance: revenue $400-$420M and adjusted EBITDA $12-$15M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Symbotic Inc. reported first fiscal quarter of 2024 ending December 30, 2023 results: revenue $369 million, net income a net loss of $13 million.

Period: first fiscal quarter of 2024 ending December 30, 2023
Revenue: $369 million
Net income: a net loss of $13 million
Result: reported results

Exact text from the filing

in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2024 ending December 30, 2023. Symbotic posted revenue of $369 million, a net loss of $13 million and adjusted EBITDA 1 of $14 million for the first quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $206 million, a

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