SAN CARLOS, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Presto Phoenix, Inc., the best-capitalized and largest American drive-thru Voice AI company for the quick-service restaurant (QSR) industry, today announced the launch of Presto Voice™ Menu Unification, a transformative product that streamlines the disparate restaurant menu data in a given brand into a structured and centralized data format. This innovative solution enables QSR brands to frictionlessly and optimally adopt Presto's industry-leading drive- ...

SAN CARLOS, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Presto Automation (“PRST”), a leading provider of AI-driven solutions for the quick-service restaurant (QSR) industry, today announced the conclusion of its Article 9 sale process and the successful auction results from December 3, 2024 of the Presto Automation business. Remus Capital led a group of investors including Link Ventures and PRST’s prior lender, Metropolitan Partners Group, to acquire the assets of PRST. The new entity will be called Presto P ...

SAN CARLOS, Calif., June 03, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. ("Presto" or the "Company") (NASDAQ: PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced that it has been collaborating with Taco John's® and Qu to implement a Presto Voice™ drive-thru pilot at select Taco John's restaurants. Presto Voice enhances the drive-thru staff's productivity by reducing the time they devote to taking orders, allowing them to focus on more critical tas ...

Core Viewpoint - Presto Automation Inc. is collaborating with Taco John's and Qu to implement the Presto Voice drive-thru pilot, aimed at enhancing operational efficiency and guest experience in the restaurant industry [1][4]. Company Overview - Presto Automation Inc. is a leading provider of AI and automation technology for the restaurant sector, focusing on reducing labor costs, improving staff productivity, and enhancing guest experiences [8]. - Taco John's operates nearly 400 restaurants across 23 states, making it one of the largest Mexican quick-service restaurant brands in the U.S. [7][9]. Technology Implementation - The Presto Voice system is designed to improve drive-thru staff productivity by minimizing order-taking time, allowing staff to focus on critical tasks and reducing labor costs [2]. - The integration of Presto Voice with Qu's unified commerce platform enables automated voice orders to be managed efficiently within Taco John's existing technology framework [3]. Pilot Program Results - The initial pilot location in Minnesota went live in April 2024, and due to its success, a second location in Wyoming is set to launch before August 2024 [5]. - Preliminary test results indicate improvements in service speed, order accuracy, and an increase in average ticket size driven by upsell opportunities [6]. Future Plans - Taco John's plans to roll out Presto Voice to its franchised locations following the completion of the pilot phase [7]. - The collaboration with Qu is expected to enhance the integration of AI into the order-taking process, improving overall operational efficiency [7].

SAN CARLOS, Calif., June 03, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. ("Presto" or the "Company") (NASDAQ:PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced that it has been collaborating with Taco John's® and Qu to implement a Presto Voice™ drive-thru pilot at select Taco John's restaurants. Presto Voice enhances the drive-thru staff's productivity by reducing the time they devote to taking orders, allowing them to focus on more critical task ...

Company Participants Chris Cast - IR Gee Lefevre - Interim CEO Stanley Mbugua - Interim CFO Greetings, and welcome to Presto's Financial Third Quarter 2024 Earnings Call. As a reminder, this conference is being recorded. Chris Cast Before we begin, I'd like to remind everyone that during today's call, we will be making forward-looking statements regarding future events and financial performance, including our guidance for Presto's fiscal fourth quarter 2024. These forward-looking statements, are subject to ...

Fiscal Third Quarter 2024 Financial Summary *Adjusted EBITDA is a non-GAAP financial measure defined under "Non-GAAP Financial Measures," and is reconciled to net income (loss), the closest comparable GAAP measure, at the end of this release. Exhibit 99.1 Presto Automation Announces Fiscal Third Quarter 2024 Financial Results Successful Pilots of Presto Voice™ with Pure AI and Spanish Language Capabilities Focuses on Voice AI Solution for Drive-Thrus By Exiting Touch Pay-at-Table Solution SAN CARLOS, Calif. ...

Successful Pilots of Presto Voice™ with Pure AI and Spanish Language Capabilities Focuses on Voice AI Solution for Drive-Thrus By Exiting Touch Pay-at-Table Solution SAN CARLOS, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal third quarter ended March 31, 2024. "We are encouraged by the significant progress we are making in ...

Successful Pilots of Presto Voice™ with Pure AI and Spanish Language Capabilities Focuses on Voice AI Solution for Drive-Thrus By Exiting Touch Pay-at-Table Solution SAN CARLOS, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal third quarter ended March 31, 2024. "We are encouraged by the significant progress we are making in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to PRESTO AUTOMATION INC. | | | Name of each exchange | | --- | --- | --- | | Title of each class | Trading Symbol(s) | on which registered | | Common ...