Symbotic Inc. Q4 FY24 #EarningsReport Summary | $SYM (+0,46聽%)
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.
馃搳 Income Statement Highlights (vs Q4 FY23):
鈻笍 Net Income: $28.07M (vs. $(45.42M))
鈻笍 Revenue: $576.77M (vs. $391.89M, +47.22%)
鈻笍 Adjusted EBITDA: $54.58M (vs. $13.32M, +309.83%)
鈻笍 Gross Profit: $108.62M (vs. $58.79M, +84.74%)
鈻笍 Gross Margin: 18.8% (vs. 15.0%)
馃搳 FY24 Annual Highlights (vs FY23):
鈻笍 Revenue: $1.82B (+55% YoY)
鈻笍 Net Loss: $(50.61M) (vs. $(92.97M))
鈻笍 Adjusted EBITDA: $95.75M (vs. $34.54M)
馃捈 Balance Sheet Highlights (vs FY23):
鈻笍 Cash & Equivalents: $727.31M (vs. $258.77M)
鈻笍 Total Assets: $1.61B (vs. $1.05B)
鈻笍 Total Liabilities: $1.19B (vs. $1.05B)
鈻笍 Total Equity: $424.19M (vs. $(2.72M))
馃敭 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.