Symbotic (SYM, Financial) is making serious waves, with shares surging 28.5% in pre-market trading after the company dropped stellar Q4 and fiscal 2024 results. Revenue for the quarter hit $577 million—a jaw-dropping 47% jump year-over-year—while profits flipped from a $45 million loss to a $28 million gain. Adjusted EBITDA? Up 4x to $55 million. For the full year, Symbotic delivered a 55% revenue boost, landing at $1.82 billion, solidifying its rep as a major player in AI-powered supply chain robotics.
CEO Rick Cohen credited the massive gains to a laser focus on innovation and long-term strategy, while CFO Carol Hibbard called out a rebound in gross margins and teased an exciting 2025. Symbotic's Q1 revenue guidance of $495 to $515 million, paired with expected adjusted EBITDA between $27 and $31 million, screams confidence in their ability to grab a bigger piece of the rapidly expanding AI and robotics pie.
Investors love a good combo of sky-high growth and improving profitability, and Symbotic is serving up both in spades. Even after a $143 million dip, the company's $727 million cash pile keeps them well-armed for future investments. With industries scrambling to automate and streamline, Symbotic is riding a tidal wave of demand—and judging by today's market reaction, investors are betting it's just the beginning.
