WILMINGTON, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will host an Investor Day with financial analysts and institutional investors on May 9, 2024. Executive leaders from Symbotic will present an updated view of the company’s long-term strategy, followed by Q&A. The event will be live streamed starting at 3:00... Read More

WILMINGTON, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2024 financial results after the market close on Monday, May 6, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live webcast to discuss... Read More

WILMINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has been named to Fast Company ’s prestigious list of the World’s Most Innovative Companies of 2024. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. Symbotic earned top ranking in the Robotics... Read More

WILMINGTON, Mass., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 10,000,000 shares of its Class A common stock by the Company and certain trusts for the benefit of, and entities controlled by, Richard Cohen, the Company’s founder, chairman... Read More

WILMINGTON, Mass., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has commenced an underwritten public offering (the “Offering”) of its Class A common stock by the Company and certain trusts for the benefit of, and entities controlled by, Richard Cohen, the Company’s founder, chairman and chief executive officer, or... Read More

WILMINGTON, Mass., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2024 ending December 30, 2023. Symbotic posted revenue of $369 million, a net loss of $13 million and adjusted EBITDA 1 of $14 million for the first quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic... Read More

WILMINGTON, Mass., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release first quarter fiscal 2024 financial results after the market close on Monday, February 5, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live webcast to... Read More

WILMINGTON, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its fourth quarter and fiscal year ended September 30, 2023. Symbotic posted revenue of $392 million, a net loss of $45 million and adjusted EBITDA 1 of $13 million for the fourth quarter of fiscal 2023. In the same quarter of fiscal 2022,... Read More

MIAMI and WILMINGTON, Mass., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Southern Glazer's Wine & Spirits (Southern Glazer's) and Symbotic Inc. (Nasdaq: SYM), today announced they have entered into a strategic agreement and intend to deploy Symbotic’s A.I.-powered software and robotics warehouse automation systems in select Southern Glazer’s distribution centers. The companies have agreed to implement the first of these systems by... Read More

WILMINGTON, Mass., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc . (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its fourth quarter and fiscal year 2023 financial results after the market close on Monday, November 20, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live... Read More

WILMINGTON, Mass., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that Tom Ernst will retire from his role as Chief Financial Officer (CFO) at the end of the calendar year. Carol Hibbard has been named to succeed Ernst as CFO upon his retirement and will serve as a member of the company’s executive leadership team, reporting... Read More

Achieved Record Revenue and Operating Margin Cash, Cash Equivalents, Restricted Cash and Marketable Securities Reach $513 Million GreenBox Joint Venture Doubles Addressable Market & Increases Order Backlog To $23 Billion WILMINGTON, Mass., July 31, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its third fiscal... Read More

WILMINGTON, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its third quarter fiscal 2023 financial results before the market open on Monday, July 31, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live webcast to... Read More

New joint venture, GreenBox, to offer first of its kind automated warehouse services, unlocking significant new addressable market Symbotic and GreenBox contract for the sale of approximately $7.5 billion in systems over the course of the contract Joint venture aims to expand access to Symbotic systems to broad range of customers through new “as a service” offering SoftBank Group and Symbotic own 65% and 35% of GreenBox,... Read More

Robotic case-picking system to improve Associated Food Stores’ supply chain capabilities and retailer experiences Distribution center transformation to increase efficiency and reduce costs Technology to enhance worker skill sets and future job opportunities WILMINGTON, Mass., May 08, 2023 (GLOBE NEWSWIRE) -- Associated Food... Read More

Revenue Growth Accelerates to 177% Year-Over-Year Reached Significant Outsourcing and Resource Rationalization Milestones Initiated Seven New System Deployments WILMINGTON, Mass., May 01, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its second fiscal quarter ended March 25, 2023. Symbotic posted revenue of $266.9... Read More

WILMINGTON, Mass., April 24, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its second quarter fiscal 2023 financial results after the market close on Monday, May 1, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live webcast to... Read More

WILMINGTON, Mass., April 19, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will host an Investor Day with financial analysts and institutional investors on May 18, 2023. Executive leaders from Symbotic will present an updated view of the company’s long-term strategy, followed by Q&A. The event will be live streamed starting at 2:30... Read More

WILMINGTON, Mass., March 01, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced the election of Daniela Rus to the Symbotic Board of Directors, effective March 1, 2023. Rus was elected to the Symbotic Board at the company’s 2023 annual meeting of stockholders held today. She currently serves as the Andrew (1956) and Erna Viterbi Professor of... Read More

Achieved 168% Revenue Growth Year-Over-Year Initiated a Record Six System Deployments Contracted Backlog Increased to $12 Billion Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its first fiscal quarter ended December 24, 2022. Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA loss 1 of $16.3... Read More

WILMINGTON, Mass., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its first quarter 2023 financial results after the market close on Monday, January 30, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live webcast to discuss... Read More

Achieved Record Quarterly Revenue of $244 Million (167% Growth Year Over Year) Rick Cohen Named Chief Executive Officer Established Key Partnerships to Support Growth Through 2025 Expanded Customer Base with New Multi-System Win WILMINGTON, Mass., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its fourth... Read More

WILMINGTON, Mass., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its fourth quarter and fiscal year 2022 financial results after the market close on Monday, November 21, 2022. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The company will host a live... Read More

Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for the third quarter of fiscal 2022, ended June 25, 2022. Symbotic posted revenue of $175.6 million, a quarterly loss of $32.9 million and an adjusted EBITDA loss 1 of $21.8 million for the third quarter of fiscal 2022. In the same quarter of fiscal 2021, Symbotic had revenue of $131.5 million, a... Read More

Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its third quarter 2022 financial results after the market close on Monday, August 1, 2022. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com . The press release will be followed by a webcast hosted by Symbotic senior management at 5:00 p.m. ET... Read More