secwatch.observer — SEC 8-K summary
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Issuer:     Symbotic Inc. (SYM)
CIK:        0001837240
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001837240-24-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837240/000183724024000031/0001837240-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837240/000183724024000031/sym-20240205.htm
  HTML page:      https://secwatch.observer/filing/0001837240-24-000031

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