Symbotic Reports Second Quarter Fiscal Year 2024 Results

May 6, 2024

https://www.globenewswire.com/news-release/2024/05/06/2876117/0/en/Symbotic-Reports-Second-Quarter-Fiscal-Year-2024-Results.html

WILMINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) — Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second fiscal quarter of 2024 ended March 30, 2024. Symbotic posted revenue of $424 million, a net loss of $41 million and adjusted EBITDA¹ of $22 million for the second quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $267 million, a net loss of $55 million and an adjusted EBITDA loss¹ of $11 million. Cash, cash equivalents and marketable securities on hand increased by $276 million from the prior quarter to $951 million at the end of the second quarter.

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