Up 325% In 2023, Symbotic Stock Has Much More Running Room
Rick Cohen, CEO of Wilmington, Mass.-based warehouse robotics company Symbotic has a net worth topping $20 billion thanks to the company's rapid growth.
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Rick Cohen, CEO of Wilmington, Mass.-based warehouse robotics company Symbotic has a net worth topping $20 billion thanks to the company's rapid growth.
The AI-powered warehouse automation company's management talks about faster executions on system deployments and its total addressable market.
Symbotic shares climbed over 40% Tuesday after the Walmart and Softbank-backed maker of AI-powered robotic warehouse systems reported record revenue as it improved margins and deployed new systems.
Operator: Good day and thank you for standing by. Welcome to the Symbotic Fourth Quarter and Fiscal Year 2023 Financial Results. At this time all participants are in a listen-only mode.
In fiscal Q4, the maker of AI-powered robotic systems for automating warehouses posted its first positive adjusted EBITDA result since it went public in June 2022.