SERV Earnings Prediction
The chart below shows how SERV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SERV sees a +29.31% change in stock price 10 days leading up to the earnings, and a -8.20% change 10 days following the report. On the earnings day itself, the stock moves by -7.15%. This data can give you a slight idea of what to expect for the next quarter's release.
SERV Key Earning Data
2024/Q4
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Gross Margin
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Operating Margin
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Net Margin
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SERV Earnings Analysis
Serve Robotics Inc Corporation (SERV.O) Earnings Conference Call
Positive
Significant Revenue Surge: Revenue increased by 700% year over year, reaching $1.8 million.
Restaurant Growth Surge: The number of restaurants served increased by 3x last year.
Household Growth Surge: Households reached more than doubled in the last four months.
Geographic Expansion Strategy: Expansion into new neighborhoods in LA and the first East Coast city, Miami.
Fleet Expansion with New Robots: Completion of 250 third-generation robots to add to the fleet.
Robot Construction Cost Reduction: Cost of building robots reduced by two-thirds in just a year.
Debt-Free Cash Improvement: Improved cash position and became debt-free, saving $20 million in future capital costs.
Negative
Earnings Miss Report: Serve Robotics Inc. missed earnings expectations with a reported EPS of $-0.23, compared to the expected $-0.19.
Revenue Surge Challenges: Despite a significant revenue increase of 700% year over year, the total revenue of $1.8 million remains low, indicating challenges in scaling operations effectively.
Robot Deployment Strategy: The company is still in the early stages of deployment, with plans to deploy 2,000 robots by the end of 2025, suggesting a long road ahead before achieving significant market presence.
Financial Stability Concerns: While the company reported a debt-free status and improved cash position, the reliance on future capital savings of $20 million raises concerns about current financial stability and operational funding.
Market Expansion Challenges: The expansion into new neighborhoods and cities, while promising, may not be sufficient to offset the ongoing operational challenges and market competition.
SERV FAQs
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SERV Earning Call Sentiment
Serve Robotics Inc. (NASDAQ:SERV) Q4 2024 Earnings Call Transcript
SERV.O
9.12%Positive
The company shows strong revenue growth and improved cash position, but missed EPS expectations. Positive developments include cost reductions and market expansion. However, lack of future revenue guidance, potential supply chain challenges, and regulatory risks temper optimism. The Q&A section revealed no major new insights, and management's reluctance to comment on partnerships raises concerns. Overall, the mixed signals suggest a neutral stock price reaction.
