Serve Robotics reports Q4 EPS (36c), consensus (13c)

Reports Q4 revenue $175,842, consensus $254,020. “2024 was a transformational year for Serve. We doubled the delivery capacity of our existing fleet, completed the design of a new generation of more capable and cost-efficient robots, began scale manufacturing in partnership with Magna, expanded our delivery partnerships, and made significant strides in executing our expansion plans,” said Ali Kashani, Serve’s co-founder and CEO. “We entered the year with an ambitious plan, and made significant progress in realizing it. We believe we are well-positioned for continued growth and on track to deploy 2,000 robots across the U.S. by year-end.”