Presto Automation, Inc. (PRST)

NASDAQ: PRST · IEX Real-Time Price · USD
3.06
+0.02 (0.66%)
At close: Sep 22, 2023, 4:00 PM
3.14
+0.08 (2.61%)
After-hours: Sep 22, 2023, 6:06 PM EDT
0.66%
Market Cap 176.16M
Revenue (ttm) 29.63M
Net Income (ttm) -20.17M
Shares Out 57.57M
EPS (ttm) 4.64
PE Ratio 0.66
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 32,091
Open 3.02
Previous Close 3.04
Day's Range 2.96 - 3.15
52-Week Range 1.23 - 5.74
Beta 2.07
Analysts Strong Buy
Price Target 5.00 (+63.4%)
Earnings Date Nov 14, 2023

About PRST

Presto Automation Inc. operates as a labor automation technology provider in the hospitality industry. The company develops the Presto Smart Dining system (Presto Touch) that offers operations efficiency, guest self-service, and marketing benefits for casual dining operators. Its solution includes a portfolio of tabletop, handheld, and wearable devices supported by a suite of cloud-based services to enable guest ordering, payment, and surveys, as well as cloud-based operations metrics, security, and support monitoring in real time. Its voice pr... [Read more]

Sector Technology
Founded 2008
Employees 110
Stock Exchange NASDAQ
Ticker Symbol PRST
Full Company Profile

Financial Performance

In 2022, PRST's revenue was $30.35 million, an increase of 1.47% compared to the previous year's $29.91 million. Losses were -$56.31 million, 13.1% more than in 2021.

Financial Statements

Analyst Forecast

According to one analyst, the rating for PRST stock is "Strong Buy" and the 12-month stock price forecast is $5.0.

Price Target
$5.0
(63.40% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

5 weeks 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 weeks 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.

2 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

2 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.

4 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 ...

4 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.

4 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 ...

4 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 ...

4 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

4 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...

4 months ago - Business Wire

Presto Moves Fiscal Third Quarter 2023 Earnings Call to May 18

SAN CARLOS, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced ...

4 months ago - GlobeNewsWire

ONGOING INVESTIGATION ALERT: 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 14, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation ...

4 months ago - Accesswire

INVESTIGATION ALERT: 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 12, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation ...

4 months ago - Accesswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Presto Automation, Inc. - PRST

NEW YORK , May 10, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Presto Automation, Inc. (NASDAQ: PRST).  Such investors are advised to contact Robert S.

4 months ago - PRNewsWire

Presto to Participate at Needham Technology & Media Conference

SAN CARLOS, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced ...

4 months ago - GlobeNewsWire

Carl's Jr. and Hardee's to roll out Presto's A.I. drive-thru ordering nationwide

The partnership with CKE Restaurants, the parent company of Carl's Jr. and Hardee's, is the largest launch to date of Presto Voice.

5 months ago - CNBC

Presto to Report Fiscal Third Quarter 2023 Financial Results

SAN CARLOS, Calif., April 26, 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

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

LOS ANGELES--(BUSINESS WIRE)---- $PRST #PRST--The Schall Law Firm Announces it is Investigating Claims Against Presto Automation Inc. and Encourages Investors with Losses to Contact the Firm.

5 months ago - Business Wire

Presto Automation: The Only Voice AI Company to Present at the 2023 Restaurant Leadership Conference

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that it will be p...

5 months ago - Business Wire

Presto Announces Enterprise Generative AI Summit in Silicon Valley

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today announced that ...

6 months ago - Business Wire

Presto Promotes Dan Mosher to President and Xavier Casanova to Chief Operating Officer

SAN CARLOS, Calif.--(BUSINESS WIRE)---- $PRST--Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today annou...

6 months ago - Business Wire

Presto Announces CEO Departure

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (NASDAQ: PRST), the largest drive-thru automation technology provider (the “Company”) in the hospitality industry, announced today that its ...

6 months ago - Business Wire

Presto to Participate at BofA Securities Conference

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (Nasdaq: PRST), a provider of drive-thru automation technology in the hospitality industry, today announced its participation at the BofA Se...

7 months ago - Business Wire

Presto Collaborates With ChatGPT Creator OpenAI to Enhance its Industry-leading Drive-thru AI Voice Assistant

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (Nasdaq: PRST), the largest drive-thru automation technology provider in the hospitality industry, today announced a collaboration with Open...

7 months ago - Business Wire