Symbotic Files 8-K on Financial Condition, Operations
Ticker: SYM · Form: 8-K · Filed: 2024-02-05T00:00:00.000Z
Sentiment: neutral
Topics: earnings, financial-results, 8-K, corporate-update
TL;DR
**Symbotic just dropped an 8-K about its financials, get ready for earnings details.**
AI Summary
Symbotic Inc. filed an 8-K on February 5, 2024, to report on its 'Results of Operations and Financial Condition.' This filing, under Item 2.02, indicates that the company is providing an update on its financial performance. For investors, this matters because it signals that Symbotic is likely releasing its latest earnings or financial results, which will provide crucial insights into its revenue, profits, and overall business health, directly impacting stock valuation and future prospects.
Why It Matters
This filing indicates Symbotic is likely releasing its latest financial results, which are critical for investors to assess the company's performance and future outlook.
Risk Assessment
Risk Level: low — This 8-K is a standard disclosure of financial results, which is a routine event and not inherently risky.
Analyst Insight
Investors should prepare for Symbotic's upcoming financial results, likely to be detailed in an accompanying press release or subsequent filing, and analyze them for insights into revenue growth, profitability, and future guidance.
Key Players & Entities
- Symbotic Inc. (company) — the registrant filing the 8-K
- February 5, 2024 (date) — the date of the earliest event reported
- 001-40175 (other) — Commission File Number
- 98-1572401 (other) — I.R.S. Employer Identification Number
- Wilmington, MA (other) — location of principal executive offices
- The Nasdaq Stock Market LLC (other) — exchange where Class A common stock is registered
FAQ
What is the purpose of this 8-K filing by Symbotic Inc.?
The purpose of this 8-K filing by Symbotic Inc. is to report on 'Results of Operations and Financial Condition' under Item 2.02, as indicated by the 'ITEM INFORMATION' section of the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 5, 2024, as stated in the 'Date of Report (Date of earliest event reported): February 5, 2024' section.
What is Symbotic Inc.'s trading symbol and on which exchange is its Class A common stock registered?
Symbotic Inc.'s trading symbol is SYM, and its Class A common stock, par value $0.0001 per share, is registered on The Nasdaq Stock Market LLC, according to the 'Securities registered pursuant to Section 12(b) of the Act' table.
Is Symbotic Inc. considered an emerging growth company?
Yes, Symbotic Inc. is considered an emerging growth company, as indicated by the checked box next to 'Emerging growth company' in the filing.
What is the business address of Symbotic Inc.?
The business address of Symbotic Inc. is 200 Research Drive, Wilmington, MA 01887, as listed under the 'BUSINESS ADDRESS' section of the filing.
Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-02-05 16:06:25
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 per share SYM The Nasdaq Stock Market L
Filing Documents
- sym-20240205.htm (8-K) — 28KB
- q1248-k_ex991.htm (EX-99.1) — 210KB
- g113521dsp001.jpg (GRAPHIC) — 4KB
- 0001837240-24-000031.txt ( ) — 388KB
- sym-20240205.xsd (EX-101.SCH) — 2KB
- sym-20240205_lab.xml (EX-101.LAB) — 24KB
- sym-20240205_pre.xml (EX-101.PRE) — 13KB
- sym-20240205_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On February 5, 2024, Symbotic Inc. issued a press release announcing its financial results and other information for the fiscal quarter ended December 30, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Description 99.1 Symbotic Inc. Press Release, dated February 5, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 5, 2024 Symbotic Inc. By: /s/ Carol Hibbard Name: Carol Hibbard Title: Chief Financial Officer and Treasurer .