Presto Automation, Inc. (PRST)

NASDAQ: PRST · IEX Real-Time Price · USD
0.313
-0.084 (-21.18%)
At close: Feb 29, 2024, 4:00 PM
0.320
+0.007 (2.14%)
After-hours: Feb 29, 2024, 5:35 PM EST
-21.18%
Market Cap 32.11M
Revenue (ttm) 21.20M
Net Income (ttm) -66.42M
Shares Out 80.79M
EPS (ttm) -1.31
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 12,380,031
Open 0.357
Previous Close 0.398
Day's Range 0.253 - 0.360
52-Week Range 0.151 - 5.740
Beta 1.61
Analysts Buy
Price Target 2.54 (+710.73%)
Earnings Date Mar 12, 2024

About PRST

Presto Automation Inc. engages in the provision of artificial intelligence (AI) and automation solutions to the restaurant enterprise technology industry in the United States. The company offers Presto Voice, an AI solution to quick service restaurants that completes complex orders, including large orders with multiple menu modifications and add-ons, with limited on-site restaurant staff intervention; and Presto Touch, a pay-at-table tablet solution to casual dining chains that enables self-serve ordering, payment processing, personalization, a... [Read more]

Sector Technology
Founded 2008
Employees 137
Stock Exchange NASDAQ
Ticker Symbol PRST
Full Company Profile

Financial Performance

In 2023, PRST's revenue was $26.14 million, a decrease of -13.89% compared to the previous year's $30.35 million. Losses were -$34.48 million, -38.77% less than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for PRST stock is "Buy." The 12-month stock price forecast is $2.54, which is an increase of 710.73% from the latest price.

Price Target
$2.54
(710.73% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering

SAN CARLOS, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest AI and automation technology providers to the restaurant in...

8 hours ago - GlobeNewsWire

Presto Automation Raises $6.0 Million and Wins Final Appeal in Case Against XAC

SAN CARLOS, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq:PRST) (“Presto” or the “Company”), one of the largest AI and automation technology providers to the restaurant indu...

17 days ago - GlobeNewsWire

Presto Announces Stanford PhD and AI technologist Debarag Banerjee as Head of Voice Engineering

SAN CARLOS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST) one of the largest drive-thru automation technology providers in the hospitality industry, today announced ...

2 months ago - GlobeNewsWire

Presto's Voice™ AI Solution Projected to Capitalize on Strong Momentum as Company Releases 2024 Projected Annualized Run Rate

SAN CARLOS, Calif., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST) one of the largest drive-thru automation technology providers in the hospitality industry, today provided ad...

2 months ago - GlobeNewsWire

Presto Names Kat Hoffman-Flynt Chief Operating Officer

SAN CARLOS, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation (NASDAQ: PRST), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands, tod...

3 months ago - GlobeNewsWire

Presto Automation Announces Fiscal First Quarter 2024 Financial Results

First Quarter Revenue in Line with Guidance Presto Voice Continues Momentum and is Now Live at Over 400 Locations Additional Capital Raised from Common Stock Issuance to an Affiliated Long-Term Invest...

3 months ago - GlobeNewsWire

Presto Raises Capital from Remus Investor Group, Announces Addition of Two Board Members, and Significant Cost Reductions

SAN CARLOS, Calif., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc.  (NASDAQ:  PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced it...

3 months ago - GlobeNewsWire

Presto to Report Fiscal First Quarter 2024 Financial Results

SAN CARLOS, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced...

3 months ago - GlobeNewsWire

Presto Signs Voice AI Pilot with Top 10 QSR Drive-Thru Brand

SAN CARLOS, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, has signed new ...

4 months ago - GlobeNewsWire

Presto Names Justin Foster Chief Revenue Officer; Departure of Dan Mosher, President

SAN CARLOS, Calif., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands...

4 months ago - GlobeNewsWire

Presto to Participate at The ThinkEquity Conference

SAN CARLOS, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands...

4 months ago - GlobeNewsWire

Presto Announces FY2023 Financial Results, Increased Ownership Commitment from a Major Existing Shareholder, Extended Shareholder Lock-ups, and a new Interim CFO

SAN CARLOS, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc.  (Nasdaq:  PRST), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant bran...

5 months ago - GlobeNewsWire

Presto to Report Fiscal Fourth Quarter and Full Year 2023 Financial Results

SAN CARLOS, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced...

5 months ago - GlobeNewsWire

Presto signs CKE Franchise StarCorp's 58 Carl's Jr. Locations

SAN CARLOS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced...

5 months ago - GlobeNewsWire

Presto Announces Signed Agreements with 13 QSR Franchise Groups Representing More than 500 Locations Combined

SAN CARLOS, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today shared tha...

7 months ago - GlobeNewsWire

Presto Names Xavier Casanova as New CEO

SAN CARLOS, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), the largest drive-thru automation technology provider in the hospitality industry, announced today that Xav...

7 months ago - GlobeNewsWire

Krishna K. Gupta Resumes Role as Chairman of Presto Automation After 4 Months as Interim CEO

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Krishna K. Gupta Resumes Role as Chairman of Presto Automation after 4 months as Interim CEO.

7 months ago - Business Wire

Presto Expands International Presence

Enhances Product Development and Engineering Capabilities with India-based Team Enhances Product Development and Engineering Capabilities with India-based Team

8 months ago - GlobeNewsWire

Can Presto Automation Bring AI to the Drive-Thru?

Marc Andreessen said, "Software is eating the world," which seems doubly true with the rapid rise of artificial intelligence. AI's latest victim is the fast food drive-thru.

9 months ago - MarketBeat

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Presto Automation Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 26, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation ...

9 months ago - Accesswire

Here's how this company is using A.I. to improve drive-thru process

Krishna Gupta, CEO and chairman at Presto Automation, joins 'Power Lunch' to explain how his company uses A.I. to improve drive-thru processes in the food industry.

9 months ago - CNBC Television

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Presto Automation Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 24, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation ...

10 months ago - Accesswire

Presto Unlocks Approximately $20M of Cash in PIPE Transaction

SAN CARLOS, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced ...

10 months ago - GlobeNewsWire

Presto Announces Fiscal Third Quarter 2023 Financial Results

Continues Momentum of Drive-Thru Voice AI Automation by Adding Hardees and Carl's Jr. as Customers Continues Momentum of Drive-Thru Voice AI Automation by Adding Hardees and Carl's Jr. as Customers

10 months ago - GlobeNewsWire

ICR Hosts Presto's Krishna Gupta on the Welcome to the Arena Podcast

NEW YORK--(BUSINESS WIRE)--ICR, a leading strategic communications and advisory firm, is pleased to announce that Krishna Gupta, Chairman and interim CEO, Presto Automation Inc. (Nasdaq: PRST), one of...

10 months ago - Business Wire