Symbotic Inc. Q4 FY24 #EarningsReport Summary | $SYM

In Q4 FY24, Symbotic demonstrated significant revenue growth, profitability recovery, and gross margin improvements, underscoring the effectiveness of its innovative strategies amidst a dynamic supply chain landscape.

📊 Income Statement Highlights (vs Q4 FY23):

▫️ Net Income: $28.07M (vs. $(45.42M))

▫️ Revenue: $576.77M (vs. $391.89M, +47.22%)

▫️ Adjusted EBITDA: $54.58M (vs. $13.32M, +309.83%)

▫️ Gross Profit: $108.62M (vs. $58.79M, +84.74%)

▫️ Gross Margin: 18.8% (vs. 15.0%)

📊 FY24 Annual Highlights (vs FY23):

▫️ Revenue: $1.82B (+55% YoY)

▫️ Net Loss: $(50.61M) (vs. $(92.97M))

▫️ Adjusted EBITDA: $95.75M (vs. $34.54M)

💼 Balance Sheet Highlights (vs FY23):

▫️ Cash & Equivalents: $727.31M (vs. $258.77M)

▫️ Total Assets: $1.61B (vs. $1.05B)

▫️ Total Liabilities: $1.19B (vs. $1.05B)

▫️ Total Equity: $424.19M (vs. $(2.72M))

🔮 Future Outlook:

Symbotic anticipates Q1 FY25 revenue of $495M-$515M with stable gross margins. It will continue investing in innovative solutions to address expanding opportunities while focusing on long-term growth for stakeholders.