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Symbotic Inc. (NASDAQ: SYM) is a leading automation technology company headquartered in Wilmington, Massachusetts, with additional offices in Montreal, Canada. The company specializes in developing and deploying proprietary robotics and software solutions designed to revolutionize the efficiency of supply chains. Symbotic's technology enhances the speed, accuracy, and profitability of warehouse operations for a diverse range of industries, including retail, wholesale, and food & beverage sectors.
By integrating advanced artificial intelligence and machine learning, Symbotic's automated systems optimize the storage and retrieval of goods, transforming traditional warehouses into strategic assets. The company's Symbotic System™ is capable of building mixed-case pallets, improving fill rates, order accuracy, and customer service times. One of the company's notable clients, Southern Glazer's Wine & Spirits, has leveraged Symbotic's technology to enhance the efficiency and longevity of their distribution centers.
Symbotic's workforce is comprised of top-tier intellectuals, engineers, and multifaceted professionals specializing in mechanical, electrical, and software engineering. The company is committed to continuous innovation and growth, frequently seeking new talents to join their robust team. Interested professionals can explore career opportunities on the company’s website or contact careers@symbotic.com for more information.
Financially, Symbotic has shown strong growth, with significant revenue increases and multiple system deployments in the fiscal year 2024. The company has consistently delivered positive adjusted EBITDA, indicating its financial health and operational efficiency. Symbotic continues to expand its deployment capacity to meet the growing demand for its automation solutions.
As an industry leader, Symbotic is dedicated to transforming supply chain operations through cutting-edge technology, making it a pivotal player in modern logistics and warehouse management. For more information, visit Symbotic's official website.
Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, has announced the date for its third quarter fiscal 2024 financial results release. The company will disclose its financial performance after the market close on Monday, July 29, 2024. Following the release, Symbotic will host a live webcast at 5:00 p.m. ET to discuss the quarterly results.
Interested parties can access the webcast by registering at the provided link for a personal access code. The webcast will also be available for replay on Symbotic's Investor Relations website. For any questions regarding webcast access, investors are directed to contact Symbotic Investor Relations at ir@symbotic.com.
Symbotic Inc. (Nasdaq: SYM) reported revenue of $424 million, a net loss of $41 million, and adjusted EBITDA of $22 million for the second quarter of fiscal 2024. The company showed significant improvement from the previous year in terms of revenue, net loss, and adjusted EBITDA. Cash, cash equivalents, and marketable securities also saw an increase, reaching $951 million at the end of the quarter. Symbotic's leadership highlighted advancements in software and hardware that will benefit customers, accelerate deployment times, and increase deployment capacity. The company projects revenue of $450 million to $470 million and adjusted EBITDA of $27 million to $29 million for the third quarter of fiscal 2024.
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