Group 1 - The investment philosophy focuses on companies with solid fundamentals, hidden assets, projected growth, or those affected by market turmoil [1] - The approach emphasizes long-term wealth creation through value growth investing, value investing, and dividend investing [1] - The author plans to write articles analyzing companies from a fundamental value investing perspective, aiming to identify great companies at fair prices [1] Group 2 - The analyst has a beneficial long position in UBER shares, indicating a personal investment interest [2] - The article reflects the author's personal opinions and research, not intended as a recommendation for buying or selling securities [3] - There is a disclaimer that past performance does not guarantee future results, and no specific investment advice is provided [4]

Group 1 - The article suggests that there are opportunities in undervalued stocks that are mispriced by the market as of May [1] - It indicates a potential interest in initiating a long position in a specific stock, SERV, within the next 72 hours [2] - The information provided is intended for informational purposes only and does not constitute a solicitation to buy or sell securities [3] Group 2 - The article emphasizes that past performance is not indicative of future results and does not provide specific investment recommendations [4]

Serve Robotics Inc. (NASDAQ:SERV) Q1 2025 Results Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Aduke Thelwell - Head of Communications and Investor Relations Ali Kashani - Co-Founder and Chief Executive Officer Brian Read - Chief Financial Officer Conference Call Participants Operator Thank you for standing by and welcome to Serve Robotics First Quarter 2025 Earnings Conference Call. Please be advised that today's conference call is being recorded. I would now like to hand the confer ...

Serve Robotics Inc. (SERV) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.81%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.23, delivering a surprise of -21.05%.Over the last four quarters, the company has sur ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 increased 150% sequentially to $440,000, driven by $229,000 in software services and a 20% increase in fleet revenues totaling $212,000 [14][15] - GAAP net loss per share was $0.23, while non-GAAP net loss per share was $0.16 [17] - Adjusted EBITDA for Q1 was negative $7,100,000, an improvement from negative $7,800,000 in the prior quarter [17] Business Line Data and Key Metrics Changes - Fleet revenues continued to grow, with a 20% increase noted [15] - The company added 250 new robots to its fleet, bringing the total fleet size to over 300 robots by the end of Q1 [35] - The percentage of deliveries failing to meet internal deadlines was reduced by approximately 65% compared to the previous year [10] Market Data and Key Metrics Changes - The company launched two new markets, Miami and Dallas, and plans to launch Atlanta by the end of Q2 [8][21] - The company now serves over 320,000 households, more than doubling since December 2024 [8] - The merchant volume grew to over 1,500 restaurants, a 50% increase since the last update [9] Company Strategy and Development Direction - The company aims to deploy 2,000 robots by the end of the year, with a focus on expanding into new markets and increasing delivery volume [5][12] - The strategic decision was made to self-fund the 2,000 unit fleet, eliminating approximately $20,000,000 in interest and purchase option costs through 2026 [18] - The company is exploring monetization opportunities related to its software and data platform, with plans for recurring software platform revenues starting in Q2 [24][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the target of 2,000 robots despite external market uncertainties [5] - The company anticipates a quarter-over-quarter delivery volume growth of approximately 60% to 75% in Q2 compared to Q1 [7][20] - The outlook remains unchanged, projecting an annualized revenue run rate of $60,000,000 to $80,000,000 once the fleet is fully deployed [19] Other Important Information - The company raised an additional $91,000,000 in Q1, ending the quarter with a cash position of $198,000,000 [11][17] - The company is actively working with Wing Aviation on a multi-model delivery pilot involving drones and robots [23] Q&A Session Summary Question: What have you learned from the new launches in Miami, Dallas, and soon Atlanta? - Management noted that each city has unique operational challenges, but progress has been satisfactory, with Miami launched ahead of schedule [28][30] Question: Can you provide more detail on the performance of the Gen three robots? - Gen three robots are performing better than Gen two, with improvements in cargo capacity and operational hours [33] Question: With 250 robots added in Q1, what is the total fleet size? - The total fleet size is over 300 robots, with expectations for increased daily active robots in existing and new markets [35][36] Question: Have tariffs affected the cost of components? - Management indicated that they have successfully managed BOM costs, offsetting any tariff impacts, and currently see no material effects [37] Question: Why are you changing the way you disclose fleet revenues? - The change reflects the evolution of the company's delivery offerings and the focus on monetizing the fleet [38] Question: How do you think about the monetization opportunities related to data and software? - This is viewed as a long-term play, with immediate revenue opportunities in the database business and future potential as partners build their products [40][42]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 increased 150% sequentially to $440,000, driven by $229,000 in software services and a 20% increase in fleet revenues totaling $212,000 [15][16] - GAAP net loss per share was $0.23, while non-GAAP net loss per share was $0.16 [18] - Adjusted EBITDA for Q1 was negative $7,100,000, an improvement from negative $7,800,000 in the prior quarter [18] Business Line Data and Key Metrics Changes - Fleet revenues continued to grow in Q1, with a 20% increase contributing to overall revenue growth [15][16] - The company serves over 1,500 restaurants, a 50% increase since the last update and five times more than a year ago [9] - The percentage of deliveries failing to meet internal deadlines was reduced by roughly 65% in Q1 compared to a year ago [11] Market Data and Key Metrics Changes - The company launched two new markets, Miami in February and Dallas in April, ahead of schedule [8] - The total number of households served increased to over 320,000, more than doubling since December 2024 [8] - Daily supply hours increased by over 40% compared to Q4 [6] Company Strategy and Development Direction - The company aims to deploy 2,000 robots by the end of the year, with a focus on expanding into new markets and increasing delivery volume [5][13] - A strategic decision was made to self-fund the 2,000 unit fleet, eliminating approximately $20,000,000 in interest and purchase option costs through 2026 [18] - The company is exploring monetization opportunities related to its software and data platform, with plans for recurring software platform revenues starting in Q2 [25][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2,000 robot target despite external market uncertainties [5] - The company anticipates a quarter-over-quarter delivery volume growth of approximately 60% to 75% in Q2 compared to Q1 [7][36] - The outlook remains unchanged, projecting an annualized revenue run rate of $60,000,000 to $80,000,000 once the fleet is fully deployed [19] Other Important Information - The company raised an additional $91,000,000 in Q1, ending the quarter with a cash position of $198,000,000 [12][18] - The company is working with Wing Aviation on a multi-model delivery pilot involving drones and robots [24] Q&A Session Summary Question: What have you learned from the new launches in Miami, Dallas, and soon Atlanta? - Management noted that each city has unique operational challenges but progress has been satisfactory, with Miami's launch ahead of schedule [28][30] Question: Can you provide details on the performance of the Gen three robots? - Gen three robots are performing better than Gen two, with improvements in cargo capacity and operational hours [33] Question: What is the total fleet size after adding 250 robots in Q1? - The fleet size is over 300 robots, including those used for R&D and testing [35] Question: How have tariffs affected component costs? - The company has successfully managed BOM costs to offset tariff impacts, with no material effects currently observed [37] Question: Why are you changing the way you disclose fleet revenues? - The change reflects the evolution of the company's delivery offerings and monetization strategies [38] Question: What are the monetization opportunities related to data and software? - The company sees long-term potential in building products on its technology stack, with immediate revenue opportunities in its database business [40][42]

For the Quarterly Period Ended March 31, 2025 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ COMMISSION FILE NUMBER 001-42023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: | | | Name of Each Exch ...

Exhibit 99.1 Serve Robotics Announces First Quarter 2025 Results SAN FRANCISCO, May 08, 2025 -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced financial results for the first quarter ended March 31, 2025. "We had a strong start to the year, meeting our key Q1 objectives—including the successful build of 250 new third-generation robots and the launch of new markets," said Dr. Ali Kashani, Serve Robotics' Co-founder and CEO. "With ...

Core Viewpoint - Serve Robotics Inc. reported strong financial results for Q1 2025, achieving significant growth in revenue and operational scale while expanding its fleet and market reach [1][6][14]. Business Highlights - Successfully built and deployed 250 new third-generation robots, enhancing operational scale and efficiency [6] - Expanded geographic presence into Miami and Dallas, with plans for Atlanta launch on track [6] - Increased delivery volume by over 75% from the first to the last week of Q1 2025, maintaining a high delivery completion rate of up to 99.8% [7] - Expanded partnerships to over 1,500 merchants, a 50% increase quarter-over-quarter and a fivefold increase year-over-year [7] - Currently serving over 320,000 households, representing a 110% increase since December 2024 [7] Financial Highlights - Q1 2025 revenue reached $440 thousand, a 150% increase compared to Q4 2024 [6][15] - The company ended the quarter with a record cash position of $198 million, providing financial stability through the end of 2026 [6][23] - Daily active robots increased to 73 from 57 in Q4 2024, and daily supply hours rose to 648 from 455 [12][13] - The company reported a net loss of $13.2 million for Q1 2025, compared to a net loss of $13.1 million in Q4 2024 [25] Outlook - Serve Robotics maintains an annualized revenue run-rate projection of $60-$80 million once the 2,000-robot fleet is fully deployed, anticipated during 2026 [14] - Guidance for Q2 2025 indicates total revenue in the range of $600 - $700 thousand, representing growth of approximately 35-60% quarter-over-quarter [14]

Serve Robotics (SERV) is set to report first-quarter 2025 results on May 8.For first-quarter 2025, the Zacks Consensus Estimate for revenues is pegged at $0.50 million, indicating a 47.37% decline from the figure reported in the year-ago quarter. The consensus mark for loss has been unchanged at 21 cents per share over the past 30 days and much narrower than a loss of 37 cents reported in the year-ago quarter.In fourth-quarter 2024, Serve Robotics reported revenues of $0.176 million compared with $0.43 mill ...