SYMBOTIC INC. overview

WILMINGTON, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM ), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its fourth quarter and fiscal year ended September 30, 2023. Symbotic posted revenue of $392 million, a net loss of $45 million and adjusted EBITDA 1 of $13 million for the fourth quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $244 million, a net loss of $53 million and an...

MIAMI and WILMINGTON, Mass., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Southern Glazer's Wine & Spirits (Southern Glazer's) and Symbotic Inc. (Nasdaq: SYM ), today announced they have entered into a strategic agreement and intend to deploy Symbotic’s A.I.-powered software and robotics warehouse automation systems in select Southern Glazer’s distribution centers. The companies have agreed to implement the first of these systems by 2025. Symbotic’s end-to-end automation system, with robotic case...

WILMINGTON, Mass., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM ), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its fourth quarter and fiscal year 2023 financial results after the market close on Monday, November 20, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live webcast to discuss its financial results for the quarter and fiscal...

WILMINGTON, Mass., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM ), a leader in A.I.-enabled robotics technology for the supply chain, today announced that Tom Ernst will retire from his role as Chief Financial Officer (CFO) at the end of the calendar year. Carol Hibbard has been named to succeed Ernst as CFO upon his retirement and will serve as a member of the company’s executive leadership team, reporting directly to Rick Cohen, Chairman of the Board and Chief Executive...

Achieved Record Revenue and Operating Margin Cash, Cash Equivalents, Restricted Cash and Marketable Securities Reach $513 Million GreenBox Joint Venture Doubles Addressable Market & Increases Order Backlog To $23 Billion WILMINGTON, Mass., July 31, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM ), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its third fiscal quarter ended June 24, 2023. Symbotic posted revenue of $312 million, a...

WILMINGTON, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM ), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its third quarter fiscal 2023 financial results before the market open on Monday, July 31, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live webcast to discuss its financial results for the quarter at 8:00 a.m. ET on the same...

Robotic case-picking system to improve Associated Food Stores’ supply chain capabilities and retailer experiences Distribution center transformation to increase efficiency and reduce costs Technology to enhance worker skill sets and future job opportunities WILMINGTON, Mass., May 08, 2023 (GLOBE NEWSWIRE) -- Associated Food Stores (AFS), a provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (Nasdaq: SYM ), a leader in...

Revenue Growth Accelerates to 177% Year-Over-Year Reached Significant Outsourcing and Resource Rationalization Milestones Initiated Seven New System Deployments WILMINGTON, Mass., May 01, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM ), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its second fiscal quarter ended March 25, 2023. Symbotic posted revenue of $266.9 million, a net loss of $55.4 million and an adjusted EBITDA loss 1 of...