Symbotic accelerates the deployment of its AI warehouse automation systems - doubling sales and achieving positive EBITDA for the first time

As a provider of AI-based warehouse automation systems, Symbotic (SYM) has been able to maintain its impressive growth rate even in an uncertain economic environment. In the 2023 financial year that has now ended, sales almost doubled with an increase of 98%. This was due to a doubling of the systems in use. There are currently 12 fully functional systems and 35 ongoing deployment processes. Recurring revenues are now profitable and are expected to increase further over the next few years with maintenance and software updates as more systems are...