Symbotic Inc. (SYM): auditor change — Symbotic reports Q4 revenue $577M, net income $28M, restates interim FY2024 financials

Symbotic Inc.

Q4 FY2024 revenue $577M (up from $392M YoY); net income $28M vs loss of $45M; adj EBITDA $55M (up from $13M).
Full-year revenue $1,822M (+55% YoY); net loss $51M; adj EBITDA $96M.
Restating Q1-Q3 FY2024 interim financials: goods/services costs recorded before milestone achievement, accelerating cost & revenue recognition.
Q1 FY2025 guidance: revenue $495M-$515M; adj EBITDA $27M-$31M.
Cash & equivalents $727M at quarter end, down $143M from prior quarter.

item 2.02 item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.95

Symbotic Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Grant Thornton LLP

Exact text from the filing

The Company’s previously issued financial statements for these periods should therefore no longer be relied upon.

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Symbotic Inc. filing history →

Source: SEC EDGAR

accession 0001837240-24-000213

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