SYM / Symbotic Inc. (SYM) Q2 2023 Earnings Call Transcript

A master agreement with Walmart has altered Symbotic's direction as a company. Walmart is now its majority shareholder with a whopping 73% of outstand more_horizontal

This has been a breakout year for the warehouse automation specialist, with the stock gaining more than 210%. The company boasts a roster of some of t more_horizontal

Symbotic NASDAQ: SYM stock is down about 50% from the summer highs, but all is not lost. The market has reached the bottom and is at a critical price more_horizontal

Symbiotic generates most of its revenue from Walmart. It's relying on a new joint venture with its other big backer, SoftBank, to diversify its top li more_horizontal

Symbiotic's stock has skyrocketed since its SPAC-backed debut last year. More companies are adopting its AI-powered warehouse robots. more_horizontal

Symbotic's share price has surged 428% year to date, making it the largest winner in the warehouse automation theme. The Symbotic platform differentia more_horizontal

Symbotic Inc. is strategically positioning itself for sustained growth through a multifaceted approach. The company's fiscal third-quarter earnings re more_horizontal

It uses artificial intelligence and robotics to transform warehouse logistics. One huge risk is the company's terrible margins. more_horizontal