NASDAQ$SYM
Symbotic Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Symbotic reported record revenue and improved margin as deployments accelerated.
Symbotic reported strong Q4 2023 results with revenue of $392 million, a net loss of $45 million, and adjusted EBITDA of $13 million. The company initiated four new system deployments and completed commissioning of two systems, accelerating the pace of deployments. Cash and cash equivalents increased to $548 million.
- Revenue reached $392 million, up from $244 million in the same quarter of fiscal 2022.
- Net loss was $45 million, an improvement from the $53 million net loss in Q4 2022.
- Adjusted EBITDA was $13 million, a significant improvement from the adjusted EBITDA loss of $20 million in Q4 2022.
- Cash and cash equivalents increased by $35 million from the prior quarter to $548 million.
Headline financials
Revenue & EPS history
Symbotic · Revenue · Quarterly
$392M
Revenue by segment
Symbotic · $392M total across 3 segments · Q4 2023
- Systems$380M+60.0%97.0%
- Operation services$9.55M+65.1%2.4%
- Software maintenance and support$2.14M+128.8%0.5%
Forward guidance
For the first quarter of fiscal 2024, Symbotic expects revenue of $350 million to $370 million and adjusted EBITDA of $11 million to $14 million.
Tailwinds
- Expects revenue of $350 million to $370 million for Q1 2024.
- Expects adjusted EBITDA of $11 million to $14 million for Q1 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+5.1%
Avg return
Earnings day
+7.8%
Avg return
5 days after
-1.6%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+40.0%
Q4 2023
Best reaction
-29.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -7.9% | -16.1% | -28.1% | |
| Q1 2026 | +0.6% | +17.3% | -9.1% | |
| Q4 2025 | +39.0% | +51.0% | +5.1% | |
| Q3 2025 | +3.8% | -1.2% | -7.7% | |
| Q2 2025 | +5.1% | +18.9% | +32.7% | |
| Q1 2025 | -15.9% | -5.8% | -24.7% | |
| Q4 2024 | +32.3% | +31.5% | -18.7% | |
| Q3 2024 | -29.8% | -38.9% | -48.4% | |
| Q2 2024 | +13.1% | +1.6% | -3.1% | |
| Q1 2024 | -24.9% | -7.4% | -17.3% | |
| Q4 2023 | +40.0% | +38.3% | +37.4% | |
| Q3 2023 | +36.6% | +27.1% | -6.3% | |
| Q2 2023 | -11.9% | +1.8% | +24.2% | |
| Q1 2023 | +13.7% | +10.4% | +16.3% | |
| Q4 2022 | +14.7% | +36.4% | +26.8% | |
| Q3 2022 | -7.0% | -9.4% | -30.4% | |
| Q2 2022 | +0.6% | +0.7% | +17.7% | |
| Q1 2022 | +0.0% | +0.2% | +0.2% | |
| Q3 2021 | -0.2% | +0.1% | +0.5% | |
| Q2 2021 | +0.4% | -0.2% | +0.0% | |
| Q1 2021 | — | — | — |
Discussion
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