Core Viewpoint - Serve Robotics has experienced significant stock volatility, with a 23% decline last year but a 40% increase in early 2026, indicating potential recovery and growth in the autonomous delivery market [1][3]. Company Overview - Serve Robotics, spun off from Postmates in 2021, is a leading developer of autonomous last-mile logistics solutions, focusing on small delivery robots for the Uber Eats network [2][3]. - The company is building thousands of Gen 3 robots designed to operate on sidewalks, aiming to tap into a projected $450 billion market for robotic and drone delivery by 2030 [2][3]. Operational Developments - Serve has deployed robots in around 3,600 restaurants across five U.S. cities, completing over 100,000 food deliveries since 2022 [4]. - The latest robots, powered by Nvidia's Jetson Orin, have achieved Level 4 autonomy, allowing them to operate safely without human intervention [4]. Financial Performance - Serve generated $1.77 million in revenue during the first three quarters of 2025, with expectations to reach approximately $2.5 million for the full year [7][8]. - Management anticipates a tenfold revenue increase in 2026, projecting around $25 million due to the deployment of 2,000 active robots [8][13]. Cost Structure - The company reported total operating expenses of $63.7 million in the first three quarters of 2025, more than double the previous year's expenses [9]. - A significant loss of $67 million was recorded during the same period, indicating financial challenges despite revenue growth [10]. Market Valuation - Serve's stock is currently trading at a price-to-sales (P/S) ratio of 392, which is considered extremely high compared to industry peers like Nvidia and Palantir Technologies [11]. - If revenue projections are met, the forward P/S ratio could adjust to 44, suggesting a more reasonable valuation, though still not cheap [13].

Core Insights - Quadient has announced an extended partnership with Evri, enhancing their collaboration in the parcel delivery sector [1][4] - The partnership aims to address the increasing consumer demand for convenient and sustainable parcel services, particularly in the context of consumer-to-consumer (C2C) marketplaces [3][5] Company Developments - Evri will deploy an additional 2,000 Parcel Pending by Quadient smart lockers across the UK, significantly expanding its out-of-home delivery options [2] - The goal is to grow Evri's ParcelShop and Locker network to over 25,000 locations by 2030, more than doubling the current parcel drop-off locations [4] Technology and Innovation - The collaboration will utilize Quadient's open locker network, which is designed to be carrier-agnostic, providing secure 24/7 access for deliveries, returns, and exchanges [4][5] - Evri was the first UK carrier to implement Quadient's Drop Box and Printer capabilities, showcasing a commitment to innovation in last-mile logistics [4] Market Positioning - The partnership reflects a shared vision to create a smarter, more convenient, and sustainable last-mile delivery ecosystem [5] - Evri currently delivers around 900 million parcels annually and aims to enhance its international capabilities through strategic partnerships and acquisitions [8]

Core Insights - Quadient has formed a partnership with Shell Service Stations to deploy smart lockers across the UK, with an initial rollout of 200 locations [1][2][3] - The collaboration aims to enhance convenience for customers by providing a secure platform for 24/7 delivery, returns, and exchanges, while also supporting Shell's commitment to sustainable services [2][3] Group 1: Partnership Details - The partnership will see Parcel Pending by Quadient smart lockers installed at Shell's over 540 petrol forecourt locations in the UK [1][3] - The goal is to scale up to 5,000 open-access units nationwide by 2027, enhancing last-mile logistics [2][3] Group 2: Benefits and Features - The smart lockers will be accessible to all carriers and service providers, offering flexible services such as temporary storage, prescription pickup, and click-and-collect retail orders [2][3] - This initiative is expected to simplify logistics and improve customer experience by integrating parcel services into everyday routines [3] Group 3: Company Background - Quadient is a global automation platform focused on secure and sustainable business connections, supporting digital transformation for businesses of all sizes [4] - The company is listed on Euronext Paris and is part of the CAC Mid & Small and EnterNext Tech 40 indices [4]