Serve Robotics' first-quarter 2025 results are likely to reflect the improving utilization of its delivery robots.
Explore the exciting world of Serve Robotics (SERV -7.51%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
Serve Robotics' weak financials, intense competitive pressure and high customer concentration risk make the stock a risky bet.
Serve Robotics (SERV -6.49%) has had a volatile year and has gathered a lot of momentum from new partnerships and launches in the U.S. But is this a durable business with a bright future or a disappointment in the making? Travis Hoium digs into the company's products and financials in this video.
Serve Robotics faces significant expansion challenges, aiming to grow from 50 to 2,000 delivery robots by year-end, with revenues lagging behind expectations. SERV stock has dropped to $7, presenting a more appealing entry point, despite anticipated volatility and potential revenue disappointments in the short term. The company raised $80 million, boosting its cash reserves to over $200 million, but must improve robot productivity and manage escalating costs.
Serve Robotics Inc. (NASDAQ:SERV ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Aduke Thelwell - Head, Communications and IR Ali Kashani - Co-Founder and CEO Brian Read - CFO Conference Call Participants Operator Thank you for standing by my name is Danielle, and I will be your conference operator today. At this time.
The company's quarterly sales of $176,000 fell short of Wall Street estimates for $250,000.
In today's video, I discuss recent updates impacting Serve Robotics (SERV -2.26%). To learn more, check out the short video, consider subscribing, and click the special offer link below.
SoundHound AI (SOUN -0.41%), Serve Robotics (SERV -2.02%), and Super Micro Computer (SMCI -1.74%) have something in common. Their performance in February isn't it, though.
Serve Robotics' fourth-quarter 2024 results are likely to reflect the improving utilization of its delivery robots.
Ride-hailing giant Uber Technologies and artificial intelligence (AI) chipmaker Nvidia don't have much in common, but until the end of last year, they were the two largest shareholders in Serve Robotics (SERV -4.78%). However, investors recently learned that Nvidia sold its entire position at the end of 2024, and Serve stock has plunged by more than 50% since.
Serve Robotics said on Wednesday it was rolling out its sidewalk delivery robot services in Miami, marking its first expansion to the East Coast as part of its goal to deploy 2,000 robots across the United States by the end of 2025.