Symbotic reports 2023 results with record revenue and improved margin as deployments accelerated

Wilmington, mass., nov. 20, 2023 (globe newswire) -- symbotic inc. (nasdaq: sym ), a leader in a.i.-enabled robotics technology for the supply chain, today announced financial results for its fourth quarter and fiscal year ended september 30, 2023. symbotic posted revenue of $392 million, a net loss of $45 million and adjusted ebitda1 of $13 million for the fourth quarter of fiscal 2023. in the same quarter of fiscal 2022, symbotic had revenue of $244 million, a net loss of $53 million and an adjusted ebitda loss1 of $20 million. cash, cash equivalents, restricted cash and marketable securities on hand increased by $35 million from the prior quarter of 2023, to $548 million at the end of the fourth quarter.
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