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Presto Automation Inc. - $PRST STOCK NEWS

Welcome to our dedicated page for Presto Automation news (Ticker: $PRST), a resource for investors and traders seeking the latest updates and insights on Presto Automation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Presto Automation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Presto Automation's position in the market.

Rhea-AI Summary

Presto Automation (NASDAQ: PRST), a major provider of AI and automation technology for the restaurant industry, will release its fiscal third quarter 2024 financial results on May 20, 2024, after market close.

The company's management will discuss these results and other business highlights in a conference call scheduled for May 22, 2024, at 5:00 p.m. Eastern Time.

Interested parties can register for the call via the Presto Investor Relations website, where a live audio webcast and archived replay will be available.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.82%
Tags
conferences earnings
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Rhea-AI Summary

Presto Automation Inc. introduces Presto Voice™ with Pure AI, an autonomous Voice AI ordering feature for drive-thru operators. The new technology aims to streamline operations, enhance the customer experience, and reduce delays by providing a direct escalation path to restaurant staff when needed.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
AI
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Rhea-AI Summary
Presto Automation, Inc. (NASDAQ: PRST) has entered into a securities purchase agreement with institutional investors for the sale of 4,800,000 shares of common stock at $0.25 per share, above the Nasdaq Minimum Price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
34.06%
Tags
Rhea-AI Summary
Presto Automation Inc. (PRST) cancels its earnings call scheduled for today. The Form 10-Q for Q4 2024 was filed on February 21, 2024, with business updates to follow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.57%
Tags
-
Rhea-AI Summary
Presto Automation Inc. (Nasdaq:PRST) will release its fiscal second quarter 2024 financial results on March 5, 2024. The company, a key player in drive-thru automation technology for the hospitality industry, will host a conference call to discuss the results and business highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.25%
Tags
conferences earnings
-
Rhea-AI Summary
Presto Automation, Inc. (NASDAQ: PRST) announces a securities purchase agreement with institutional investors for 8,533,000 shares of common stock in a registered direct offering at $0.25 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.18%
Tags
Rhea-AI Summary
Presto Automation Inc. secures $6.0 million financing, led by existing investors, and announces significant developments in AI technology for drive-thru restaurants. The company received a favorable verdict in a legal case, and a key executive resigned. Presto also disclosed the need to raise an additional $6.0 million by March 8, 2024, to comply with lender requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.06%
Tags
none
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Rhea-AI Summary
Presto Automation Inc. (Nasdaq: PRST) announces Debarag Banerjee as the new Head of Voice Engineering. With over 25 years of experience in AI platforms and techniques, 15 issued patents, and a PhD from Stanford University, Debarag brings a wealth of expertise to the team. His strategic vision and leadership align with the company's commitment to driving growth and exceeding customer expectations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.5%
Tags
AI
-
Rhea-AI Summary
Presto Automation Inc. (PRST) is a leading drive-thru automation technology provider in the hospitality industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
AI
Rhea-AI Summary
Presto Automation Inc. (Nasdaq: PRST) is actively pursuing the enforcement of an $11.1 million arbitration ruling against its third-party subcontractor, XAC Taiwan, related to legacy tablets used in its Touch business. The ruling was affirmed by the High Court in Singapore and is now pending a final appeal in January 2024. The company aims to collect the awarded damages to support its non-dilutive cash position for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
none
Presto Automation Inc.

Nasdaq:PRST

PRST Rankings

PRST Stock Data

16.44M
56.91M
25.09%
20.14%
3.2%
Electromedical and Electrotherapeutic Apparatus Manufacturing
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