Symbotic (US:SYM)2025-02-05 21:02Financial Performance - Symbotic reported Q1 fiscal 2025 revenue of $487 million, a 35% increase year-over-year from $360 million in Q1 fiscal 2024[3] - The company experienced a net loss of $19 million in Q1 fiscal 2025, consistent with the net loss reported in Q1 fiscal 2024[3] - Adjusted EBITDA for Q1 fiscal 2025 was $18 million, up from $8 million in Q1 fiscal 2024[3] - For Q2 fiscal 2025, Symbotic expects revenue between $510 million and $530 million, with adjusted EBITDA projected at $26 million to $30 million[4] - For the three months ended December 28, 2024, Symbotic reported a net loss of $18,520,000 compared to a net income of $15,954,000 for the previous quarter[21] - Adjusted EBITDA for the same period was $17,904,000, a decrease from $42,380,000 in the prior quarter[21] - Gross profit for the quarter was $80,039,000, with an adjusted gross profit of $86,217,000, resulting in a gross profit margin of 16.4% and an adjusted gross profit margin of 17.7%[21] Cash Flow and Assets - Cash and cash equivalents increased by $176 million to $903 million at the end of Q1 fiscal 2025[3] - The company generated $205,027,000 in net cash from operating activities, a significant increase compared to a cash outflow of $99,383,000 in the previous quarter[27] - Free cash flow for the quarter was $197,670,000, contrasting with a negative free cash flow of $120,750,000 in the prior quarter[21] - Total current assets increased to $1,458,426,000 from $1,355,537,000 in the previous quarter, driven by higher cash and cash equivalents[24] - Cash and cash equivalents at the end of the period were $903,034,000, up from $727,310,000 at the end of the previous quarter[28] - Symbotic's total assets increased to $1,715,622,000 from $1,578,552,000, reflecting growth in both current and non-current assets[24] Operating Expenses - Research and development expenses for Q1 fiscal 2025 were $43.6 million, compared to $40.1 million in the previous quarter[18] - Total operating expenses increased to $104.7 million in Q1 fiscal 2025 from $85.5 million in the previous quarter[18] Strategic Developments - The acquisition of Walmart's Advanced Systems and Robotics business has been completed, enhancing Symbotic's market position[3] - The company is deploying 44 systems, contributing to its revenue growth and operational expansion[3] Shareholder Information - The company issued 106,521,915 Class A common shares as of December 28, 2024, an increase from 104,689,377 shares in the previous quarter[23] Liabilities - Total liabilities rose to $1,321,697,000 from $1,188,422,000, primarily due to an increase in deferred revenue[24]