“Walmart-Backed AI Warehouse Tech Company Symbotic Reports Record Revenue; Shares Soar 40%”

“…Symbotic, which creates robotic tech platforms powered by artificial intelligence (AI) to provide end-to-end supply chain solutions, reported fiscal fourth quarter revenue of $392 million, up from $244 million a year ago, and a net loss of $45 million compared to a loss of $53 million in 2022. Its loss of 8 cents per share narrowed from a loss of 10 cents per share the year before. Symbotic’s full-year revenue of $1.77 billion was up 98% from 2022…”

https://www.investopedia.com/walmart-backed-ai-warehouse-tech-company-symbotic-reports-record-revenue-and-shares-soar-8405632?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral