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Symbotic Inc. - SYM STOCK NEWS

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

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.

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E2IP appoints Michael J. Loparco, a seasoned executive with experience at Symbiotic and Jabil, as an independent member of its Board of Directors. Loparco's extensive industry experience and strategic guidance are expected to benefit E2IP as it accelerates global growth and prepares for an IPO in the coming years. His successful track record at Symbiotic, a warehouse automation technology company, and his long tenure at Jabil, a Fortune 125 company, position him as a valuable asset for E2IP's future endeavors.
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Symbotic Inc. (Nasdaq: SYM) will release first quarter fiscal 2024 financial results after the market close on Monday, February 5, 2024. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at the provided link for a personal access code. The webcast will be available for replay on the Symbotic Investor Relations website. Please direct any questions regarding obtaining access to the webcast to Symbotic Investor Relations at the provided email address.
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Symbotic Inc. (Nasdaq: SYM) announced financial results for its Q4 and fiscal year ended September 30, 2023. Revenue was $392 million for Q4, reflecting 98% YoY growth. Net loss was $45 million, with adjusted EBITDA of $13 million. Cash, cash equivalents, restricted cash, and marketable securities increased to $548 million. For fiscal year 2023, revenue was $1,177 million, net loss was $208 million, and adjusted EBITDA loss was $18 million. Symbotic expects Q1 2024 revenue of $350-370 million and adjusted EBITDA of $11-14 million.
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Southern Glazer's Wine & Spirits (Southern Glazer's) and Symbotic Inc. (Nasdaq: SYM) have entered into a strategic agreement to deploy Symbotic’s A.I.-powered software and robotics warehouse automation systems in select Southern Glazer’s distribution centers. The first of these systems is set to be implemented by 2025, with the aim to improve fill rates, order accuracy, and customer service times. The Symbotic System™ will build mixed-case pallets for efficient route-stop delivery and handle both high velocity and slow-moving inventory more efficiently and accurately. This move is expected to set Southern Glazer’s apart in the marketplace and enhance skills, opportunities, and safety for their employees.
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Symbotic Inc. (Nasdaq: SYM) will release its Q4 and fiscal year 2023 financial results on November 20, 2023. A live webcast to discuss the results will be held at 5:00 p.m. ET on the same date. For access, register at https://edge.media-server.com/mmc/go/Symbotic-Q4-2023. The webcast will be available for replay on the Symbotic Investor Relations website.
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Symbotic Inc. announces retirement of CFO Tom Ernst and appointment of Carol Hibbard as his successor. Ernst will serve as a consultant until end of fiscal year 2024. Hibbard joins from Boeing and brings extensive financial and business experience. Symbotic is well positioned for future growth.
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Symbotic Inc. (Nasdaq: SYM) achieved record revenue of $312 million and an operating margin of $39 million in its third fiscal quarter ended June 24, 2023. The company's cash, cash equivalents, restricted cash, and marketable securities reached $513 million, showing an increase of $48 million from the previous quarter. Symbotic also announced a new systems sales contract with GreenBox, which increases its contracted backlog to approximately $23 billion.
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SoftBank and Symbotic announce the establishment of GreenBox Systems, a joint venture to address the warehouse-as-a-service market. GreenBox will automate supply chain networks using Symbotic's A.I. and automation technology. Symbotic also signs a $7.5 billion contract with GreenBox to be the exclusive provider of its systems. GreenBox customers can reduce costs and boost SKU count without capital expenditures. Symbotic expects over $500 million in annual recurring revenue from GreenBox.
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FAQ

What is the current stock price of Symbotic (SYM)?

The current stock price of Symbotic (SYM) is $33.43 as of January 21, 2025.

What is the market cap of Symbotic (SYM)?

The market cap of Symbotic (SYM) is approximately 3.3B.

What does Symbotic Inc. do?

Symbotic Inc. develops and deploys automation technology solutions, including proprietary robotics and software, to improve the efficiency of supply chains.

Where is Symbotic headquartered?

Symbotic is headquartered in Wilmington, Massachusetts, USA, with additional offices in Montreal, Canada.

What industries does Symbotic serve?

Symbotic serves a range of industries including retail, wholesale, and food & beverage sectors.

Who are some of Symbotic's notable clients?

One of Symbotic's notable clients is Southern Glazer's Wine & Spirits, which has utilized Symbotic's automation solutions to enhance their distribution operations.

How can I apply for a job at Symbotic?

Interested candidates can explore job opportunities on Symbotic’s website or contact the company directly at careers@symbotic.com.

What are some of the financial highlights of Symbotic?

Symbotic has shown strong financial growth with significant increases in revenue and positive adjusted EBITDA, reflecting operational efficiency and financial health.

Does Symbotic use AI in its technology?

Yes, Symbotic integrates advanced artificial intelligence and machine learning in its automation systems to optimize storage, retrieval, and overall supply chain efficiency.

What is the Symbotic System™?

The Symbotic System™ is a comprehensive automation solution capable of building mixed-case pallets and improving order accuracy and customer service times in distribution centers.

How does Symbotic contribute to improving supply chain operations?

Symbotic enhances supply chain operations by automating warehouse processes, thus increasing speed, accuracy, and profitability for its clients.

Where can I find more information about Symbotic?

More information about Symbotic can be found on their official website at www.symbotic.com.
Symbotic Inc.

Nasdaq:SYM

SYM Rankings

SYM Stock Data

3.32B
570.16M
16.75%
85.58%
13.09%
Specialty Industrial Machinery
General Industrial Machinery & Equipment, Nec
Link
United States of America
WILMINGTON