Symbotic reports Q1 EPS (3c), consensus 3c

Reports Q1 revenue $ $487M, consensus $490.04M.Symbotic (SYM) posted revenue of $487M a net loss of $19M and adjusted EBITDA of $18M for the first quarter of fiscal 2025. In the first quarter of fiscal 2024, Symbotic had revenue of $360M a net loss of $19M and adjusted EBITDA1 of $8M . Cash and cash equivalents increased by $176M from the prior quarter to $903 M at the end of the first quarter of fiscal year 2025. “In the first quarter, we continued to deliver high growth while enhancing our technology position,” said Rick Cohen, Chairman and Chief Executive Officer of Symbotic. “With our recent acquisition of Walmart’s Advanced Systems and Robotics business now completed, we look forward to enhancing an already strong position to drive exceptional results for our stakeholders.” “First quarter revenue grew over 35% year-over-year driven by solid progress across our 44 systems in the process of deployment,” said Symbotic Chief Financial Officer, Carol Hibbard. “Looking forward to the fiscal second quarter of 2025, we expect another quarter of at least 30% year-over-year revenue growth with expanding margins.”