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 +11.26% change in stock price 10 days leading up to the earnings, and a -10.66% change 10 days following the report. On the earnings day itself, the stock moves by -8.55%. This data can give you a slight idea of what to expect for the next quarter's release.
SERV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
221.56K
--
-52.70%
Gross Margin
-70.30%
--
-331.33%
Operating Margin
-3811.73%
--
108.67%
Net Margin
-3609.13%
--
--
EPS
-0.20
--
-25.93%
No Data Available
SERV Earnings Analysis
Serve Robotics Inc. Common Stock Corporation (SERV.O) Earnings Conference Call
Positive
Total Revenue Achievement: We delivered total revenue of $222,000 for the third quarter of 2024.
Delivery Revenue Surge: Delivery and branding revenues contributed $183,000 with delivery revenue being a 49% increase over the prior quarter and a 108% increase from the same period prior year.
Active Robots Growth: We had 59 daily active robots, representing a 23% increase quarter-over-quarter and a 97% increase compared to the same period prior year.
Gross Margin Improvement: Our delivery and branding gross margins improved 84% compared to the same period prior year.
Robot Deployment Revenue Projection: We expect to have a total of 2,000 robots by the end of 2025, generating between $60 million to $80 million in revenue once fully deployed.
Negative
Revenue Decline Q3 2024: The total revenue for the third quarter of 2024 was $222,000, which indicates a decline compared to previous quarters.
Delivery Revenue Performance: Delivery and branding revenues contributed $183,000, with delivery revenue showing only a 49% increase over the prior quarter, which is lower than expected growth rates.
Gross Margin Decline: There was a reduction in reported gross margin compared to the previous quarter, primarily due to a decrease in higher margin software services revenue, which negatively impacted profitability.
Operating Expenses Management: Operating expenses for the third quarter were $8.3 million, slightly down from $8.7 million in the prior quarter, indicating tight cost management but also reflecting challenges in scaling operations effectively.
Net Loss Reduction: The net loss for the third quarter shrunk to $8 million compared to $9 million in the prior quarter, but this still reflects ongoing financial challenges and the need for improved revenue generation strategies.
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SERV Earning Call Sentiment
Serve Robotics Inc. (SERV) Q3 2024 Earnings Call Transcript
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SERV.O
-4.34%Positive
The earnings call reflects a positive sentiment overall. Despite a decrease in software services revenue, the company achieved record high revenue, improved gross margins, and reduced operating expenses. The Q&A section highlights increased demand and technological advancements, such as the third-gen robots, which enhance revenue potential. The management's strategic focus on scaling and partnerships with companies like Chipotle further boosts confidence. Although there are some uncertainties, such as regulatory impacts and lack of specific future growth projections, the positive aspects outweigh the negatives, indicating a likely positive stock price movement.