Symbotic (SYM 6.06%) is helping companies like Walmart (WMT -3.08%) automate operations using artificial intelligence and robotics.
FARR WEST, Utah , March 6, 2025 /PRNewswire/ -- Associated Food Stores (AFS), a leading provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (Nasdaq: SYM) announced the successful activation of an ambitious warehouse modernization initiative at AFS' Utah distribution center. This milestone advances AFS' 85-year commitment to efficiency and service for nearly 500 independent grocers in the Intermountain West.
Given the decrease in SYM's share price, we analyze its current position to determine whether investors should go for it or let it go.
Zacks.com users have recently been watching SYMBOTIC INC (SYM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Markets have hit shares of robotic warehouse systems company Symbotic NASDAQ: SYM hard over the past 52 weeks. Shares of the industrials stock have lost nearly 37% of their value as of the Feb. 13 close.
Zacks.com users have recently been watching SYMBOTIC INC (SYM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Symbotic, Inc (NASDAQ: SYM) on behalf of long-term stockholders following a class action complaint that was filed against Symbotic on December 3, 2024 with a Class Period from February 8, 2024 to November 26, 2024. Our investigation concerns whether the board of directors of Symbotic have breached their fiduciary duties to the company.
Symbotic's Q1 results and forward guidance were disappointing, with stagnant system deployments and backlog as particular points of concern. Symbotic's revenue is extremely concentrated, and the recent acquisition of Walmart's robotics business will only exacerbate this. Symbotic's valuation is still high given its slowing growth, low margins, and dependence on Walmart.
Symbotic, Inc. (NASDAQ:SYM ) Q1 2025 Results Conference Call February 5, 2025 5:00 PM ET Company Participants Charlie Anderson - Vice President, Investor Relations Rick Cohen - Chairman and Chief Executive Officer Carol Hibbard - Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Andrew Kaplowitz - Citigroup Damian Karas - UBS Joe Giordano - TD Cowen Ross Sparenblek - William Blair Colin Rusch - Oppenheimer Mike Latimore - Northland Capital Markets Derek Soderberg - Cantor Fitzgerald Greg Palm - Craig-Hallum Rob Mason - Baird Ken Newman - KeyBanc Capital Markets Will Bryant - Goldman Sachs Guy Hardwick - Freedom Capital Markets Robert Jamieson - Vertical Research Partners Operator Hello, and welcome to Symbotic First Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for SYMBOTIC INC (SYM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Symbotic Inc. (SYM) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.02 per share a year ago.
WILMINGTON, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2025, ended December 28, 2024. Symbotic posted revenue of $487 million, a net loss of $19 million and adjusted EBITDA1 of $18 million for the first quarter of fiscal 2025. In the first quarter of fiscal 2024, Symbotic had revenue of $360 million, a net loss of $19 million and adjusted EBITDA1 of $8 million. Cash and cash equivalents increased by $176 million from the prior quarter to $903 million at the end of the first quarter of fiscal year 2025.