secwatch.observer — SEC 8-K summary
======================================

Issuer:     Symbotic Inc. (SYM)
CIK:        0001837240
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0001837240-24-000213
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Symbotic reports Q4 revenue $577M, net income $28M, restates interim FY2024 financials
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837240/000183724024000213/0001837240-24-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837240/000183724024000213/sym-20241118.htm
  HTML page:      https://secwatch.observer/filing/0001837240-24-000213

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