Symbotic Reports Third Quarter Fiscal Year 2024 Results

"Symbotic continues to innovate. During the quarter, we extended the future capabilities of SymBot by incorporating an enhanced sensor array and we advanced development of our new minibot for BreakPack," said Rick Cohen, Chairman and Chief Executive Officer of Symbotic. "Our teams continue to focus on execution of the 39 systems we have in deployment, which is reflected in our record revenue for the quarter. Our system gross margin fell below expectations due to elongated construction schedules and implemen ...