Turning losses into profits, Symbolic (SYM.US) Q4 performance exceeds expectations.

American Siasun Robot & Automation company symbol (SYM.US) released its fourth quarter report on Tuesday, with data showing that the company's Q4 revenue was $577 million, a year-on-year increase of 47.1%, exceeding expectations by $106 million. After a loss in Q3, the company turned a profit in Q4, with earnings per share of $0.05, exceeding market average expectations. After the report was released, the stock rose 28% in pre-market trading. For the full year 2024, Symbotic's revenue was $1.822 billion, a year-on-year increase of 55%, with a net loss of $51 million and adjusted EBITDA of $96 million. The company is forecasting revenue of $495 million to $515 million for the first quarter of the 2025 fiscal year, with adjusted EBITDA of $27 million to $31 million. Symbotic CFO Carol Hibbard said, "Looking ahead to the first quarter of 2025, we expect revenue to continue to grow strongly, with stable gross margins, while making targeted investments to capture expanding opportunities." The company also hopes to improve gross margin performance throughout the fiscal year and return to moderate profitability in operational services. Hibbard said during a conference call with analysts after the financial results were released, "In terms of operational services, there has been a slight decrease in gross margin due to increased resources in certain large projects and the addition of new features." Symbotic's stock price has fallen by 41% since the beginning of the year, while the S&P 500 index has risen by approximately 24%. In terms of Wall Street analysis, out of 17 analysts, 10 recommend a strong buy, 4 recommend holding, 2 recommend buying, and 1 recommends selling.