Summary by Moomoo AI
On February 5, 2024, Symbotic Inc., a leader in AI-enabled robotics technology for the supply chain, reported its financial results for the first fiscal quarter of 2024, which ended on December 30, 2023. The company announced a revenue of $369 million, a net loss of $13 million, and an adjusted EBITDA of $14 million. These figures represent a significant improvement over the same quarter in the previous fiscal year, which saw a revenue of $206 million, a net loss of $68 million, and an adjusted EBITDA loss of $16 million. The company's cash and equivalents also increased by $129 million from the previous quarter, totaling $677 million. Symbotic's CEO, Rick Cohen, expressed satisfaction with the company's financial and operational results and its trajectory for the remainder of the year...Show More
