SAN FRANCISCO, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ: SYM) shares crashed over 40% lower intraday on Nov. 27, 2024 after the company notified investors that it would not time file its annual report and warned investors against relying on certain previously filed financial statements with the U.S. Securities and Exchange Commission. Hagens Berman has opened an investigation and urges investors in Symbotic shares and suffered substantial losses to submit your losses now. Visit: www.hbsslaw.c ...

SAN DIEGO, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating whether Symbotic, Inc. (Nasdaq: SYM) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Symbotic securities? If you purchased securities and suffered losses on your investment, join our investigation now: https://www ...

NEW YORK, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Symbotic Inc. (NASDAQ: SYM) for potential violations of the federal securities laws. If you invested in Symbotic, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/symbotic-inc. Why Did Symbotic’s Stock Drop? Symbotic develops and operates robotics systems to automate and optimize warehouse and supply chain operations fo ...

Symbotic TodaySYMSymbotic$36.36 +0.05 (+0.14%) 52-Week Range$17.11▼$59.82Price Target$44.31Add to WatchlistSymbotic NASDAQ: SYM is a revolutionary robotics company whose stock is on the rise big time over the past three months. Shares are up 52% over that period. Despite that, shares are still down nearly 30% through all of 2024. A big contributor to the company’s recent rise is its Q4 earnings report released on Nov. 18. This analysis highlights an industrial stock that delivered over 250% total returns i ...

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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Symbotic Inc. (SYM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.SYMBOTIC INC currently has an average brokerage recommendat ...

Symbotic Inc. (NASDAQ: SYM ) is a leading player in automated robotics technology for the supply chain market. I like the company's first mover advantages and its unique automation platform, which enables retailers to increase the return More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid ...

Financial Data and Key Metrics - Q4 revenue grew to $577 million, driven by strong progress across 44 systems in deployment, contributing to full-year revenue of $1.8 billion [15] - Gross margin rebounded to 19.6%, returning to historical levels after being depressed in Q3 due to construction delays [23] - Cash and equivalents at year-end stood at $727 million, down from $870 million in Q3, primarily due to timing of cash receipts [19] - Q1 2025 revenue guidance is $495 million to $515 million, with adjusted EBITDA between $27 million and $31 million [20] Business Line Data and Key Metrics - System deployments reached a record level in Q4, with nine new system starts and four system completions, bringing the total operational systems to 25 [15] - Software maintenance and support gross margin increased by 50% in Q4, trending towards typical industry levels as more systems go operational [17] - Operation services experienced a slight negative gross margin due to resource additions at certain sites, but profitability is expected to improve in fiscal 2025 [18] Market Data and Key Metrics - The company expanded into Mexico with a new customer, Walmex, marking progress in new geographies and increasing the addressable market [7] - GreenBox made progress with a second installation in Georgia, adding vision capabilities for remote bot control, enhancing productivity [9] - The backlog of committed contracted orders remained stable at $22.4 billion, with Walmex expected to add $400 million to the backlog in Q1 2025 [16][43] Company Strategy and Industry Competition - The company is focused on scaling for growth, investing in innovation, and maintaining high-quality system deployments for customers [11] - Targeted investments in people and products are being made to capitalize on opportunities in new geographies and products [10] - The company is expanding its salesforce to support growth in new verticals and geographies [41] Management Commentary on Operating Environment and Future Outlook - Management expects to maintain a high rate of year-over-year revenue growth while stabilizing gross margins in Q1 2025 [6] - The company is optimistic about the ROI potential in lower-cost geographies like Mexico, where labor and transportation savings are significant [8][98] - Management highlighted the importance of vision technology in improving system reliability and customer confidence [72] Other Important Information - The company identified restatements in quarterly financial statements due to timing differences in expense recognition, with no impact on full-year results [12][13] - The company plans to file amended Form 10-Qs for fiscal 2024 and timely file its 10-K next week [14] Q&A Session Summary Question: Margins and Outlook - Q4 gross margin rebounded to 19.6%, with expectations for stable margins in Q1 2025 and gradual improvement throughout the year [23][24] - The company is focused on achieving milestones and improving deployment schedules to expand gross margins [24] Question: Europe and Mexico Expansion - No new updates on Europe, but the company is excited about the potential in Mexico and other new geographies [26] - Walmex is seen as a significant opportunity, with potential for further expansion beyond the initial two sites [63] Question: Revenue Performance and Guidance - Q4 revenue was driven by strong progress on 44 systems, with record system starts and completions [30] - Q1 2025 guidance reflects continued strong growth, with revenue expected to grow 40% year-over-year [31] Question: Vision Technology and M&A - Vision technology enhances system reliability and enables remote bot control, improving productivity [72] - The company is open to additional technology acquisitions, with a focus on safety and access innovations [32] Question: GreenBox and Financing - The Georgia GreenBox facility is a multi-tenant solution, with potential for significant growth opportunities [79] - The company is investing in R&D and infrastructure for GreenBox, with CapEx expected to increase [37] Question: Walmex Opportunity - Walmex has the potential for significant expansion, with thousands of stores across Mexico [76] - The initial two sites are greenfield projects, with revenue expected to contribute in the future [43] Question: OpEx and Gross Margin - OpEx increases in Q1 2025 are primarily due to R&D and SG&A investments [51] - Gross margins are expected to remain stable in Q1, with potential for improvement in the second half of 2025 [92] Question: Cash Flow and EPC Investments - Cash flow from operations is expected to rebound in 2025, with no significant changes to working capital fundamentals [106] - The company has hired resources for EPC in-sourcing, with program managers in place for key sites [107] Question: Backlog and Revenue Guidance - Backlog remained stable at $22.4 billion, with adjustments due to revenue recognition and contract revisions [114] - Q1 revenue guidance reflects the timing of milestones and system deployment life cycles [116] Question: GreenBox Revenue and Margin - GreenBox revenue and margins are similar to other Symbotic systems, with the company holding a 35% JV stake [87] - The $150 million Georgia facility includes infrastructure beyond the Symbotic system [85] Question: Transformation Initiatives - The company has added new leadership to focus on R&D and product development, aiming to accelerate innovation [94] Question: Restructuring Charge - The $775,000 restructuring charge was a benefit related to inventory adjustments, not a drag on gross margin [101] Question: Operation Services Margin - Operation services margin was impacted by resource additions at certain sites, but improvement is expected in fiscal 2025 [102]

Symbotic Inc. (SYM) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.02, delivering a surprise of -200%.Over the last four quarters, the company has surpas ...

WILMINGTON, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its fourth fiscal quarter and fiscal year ended September 28, 2024. Symbotic posted revenue of $577 million, net income of $28 million and adjusted EBITDA1 of $55 million for the fourth quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 ...