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Presto Automation (PRST)
OTHER OTC:PRST
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2023
|% Change Since: -94.44%
|Next Earnings Date:Nov 15, 2022
Earnings Call Sentiment|Negative
The call presented significant technological advancements in AI and commercial progress, but these were overshadowed by financial challenges, including declining revenue and increased expenses.Company Guidance
During Presto's Q3 2024 earnings call, the company provided guidance for its fiscal fourth quarter of 2024, projecting revenue to be between $1.6 million and $1.9 million. This forecast reflects a strategic focus on streamlining operations, particularly through the wind-down of their Touch Pay-at-Table business, to concentrate resources on their Voice AI product. The company emphasized its commitment to reducing operating expenses and cash burn, which included managing headcount and vendor costs. Presto also highlighted its ongoing negotiations to secure additional financing and restructuring of its debt to ensure sufficient operating capital into the next quarter. With these efforts, Presto aims to drive commercial momentum and position itself for future growth in the Voice AI market.AI Technology Advancements
Presto launched Pure AI, significantly improving AI efficiency from 50% to 80% at test locations, reducing reliance on human-in-the-loop, and improving margins.
Commercial Progress and Market Opportunity
Engaged in expansion negotiations with 7 franchise groups, representing nearly $10 million in ARR. Successful pilot programs with 4 QSR brands, representing approximately $25 million in ARR.
Strategic Product Development
Development of new features like Spanish language ordering and unsupervised AI, which improved AI efficiency from 45% to 70% at initial test locations.
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PRST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 21, 2024 | $0.18 | $0.22 | +22.22% |
| Mar 05, 2024 | $0.25 | $0.32 | +28.00% |
| Nov 20, 2023 | $0.87 | $0.60 | -31.03% |
| Oct 10, 2023 | $1.71 | $1.55 | -9.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Presto Automation (PRST) report earnings?
Presto Automation (PRST) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Presto Automation (PRST) earnings time?
Presto Automation (PRST) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRST EPS forecast?
Currently, no data Available
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