Serve Robotics Inc. (SERV)
| Market Cap | 351.79M |
| Revenue (ttm) | 1.68M |
| Net Income (ttm) | -33.13M |
| Shares Out | 43.97M |
| EPS (ttm) | -1.06 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,543,355 |
| Open | 7.88 |
| Previous Close | 7.85 |
| Day's Range | 7.80 - 8.33 |
| 52-Week Range | 1.77 - 30.00 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 14.67 (+83.38%) |
| Earnings Date | Nov 7, 2024 |
About SERV
Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc. in July 2023. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California. [Read more]
Financial Performance
In 2023, Serve Robotics's revenue was $207,545, an increase of 92.49% compared to the previous year's $107,819. Losses were -$24.81 million, 13.5% more than in 2022.
Financial numbers in USD Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for SERV stock is "Strong Buy." The 12-month stock price forecast is $14.67, which is an increase of 83.38% from the latest price.
News
SERV CEO on Acquiring Vebu, NVDA Partnership & Autonomous Industry
Ali Kashani, CEO of Serve Robotics (SERV), discusses the company's direction after acquiring Vebu. He hopes to expand the company's footprint in autonomous robot deliveries.
Serve Robotics Is Positioned To Remake The QSR Industry
Serve Robotics is to acquire Vebu, known for the Autocado, aiming to revolutionize kitchen automation and capitalize on the growing demand for innovative robotics in commercial kitchens. The Autocado,...
Serve Robotics Inc. (SERV) Q3 2024 Earnings Call Transcript
Serve Robotics Inc. (NASDAQ:SERV) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Aduke Thelwell – Head-Communications and Investor Relations Ali Kashani – Co-Founde...
Serve Robotics steps into restaurant kitchens with Vebu acquisition
Serve Robotics , known for its sidewalk delivery robots, is branching out from its mainstay focus on automated delivery solutions and into restaurant kitchens through its acquisition of the 'Autocado'...
Serve Robotics Announces Third Quarter 2024 Results
Announced plans for geographic expansion into the Dallas Fort Worth metro Completed $32.3 million in capital raise transactions; Cash balance of $50.9 million as of third quarter end Announced agreeme...
Serve Robotics to Acquire Autocado Robot Maker Vebu, Expanding Automation Offering
Acquisition deepens Serve's offerings for the restaurant industry, helping partners improve efficiency and manage labor shortage challenges from kitchen to curb SAN FRANCISCO , Nov. 7, 2024 /PRNewswir...
Serve Robotics Announces Date of Third Quarter 2024 Financial Results and Conference Call
SAN FRANCISCO , Oct. 29, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will release its financial results for the third qu...
Serve Robotics ($SERV) Unveils New Autonomous Delivery Robot to Support National Rollout
Serve Robotics (NASDAQ: SERV), has unveiled its third-generation autonomous sidewalk delivery robot featuring enhanced capabilities and lower manufacturing costs. Equipped with Nvidia's (NASDAQ: NVDA)...
SERV CEO on Autonomous Deliveries Becoming "Second Nature"
Ali Kashani, CEO of Serve Robotics (SERV), talks about the direction of the company after announcing its partnership with Wing Aviation. As Serve sets its sights on autonomous drone delivery, Ali disc...
Serve Robotics and Wing Partner to Expand Autonomous Delivery, Increasing Reach and Efficiency
Serve robots enable pick-up in dense urban areas, as Wing drones expand Serve delivery radius Robot-to-drone solution will enable fast, affordable restaurant delivery over 6 mile radius SAN FRANCISCO ...
Serve Robotics ties up with Alphabet's unit for drone deliveries, launching pilot in Texas
Serve Robotics , which delivers food for Uber Eats using sidewalk robots, said it would partner with Alphabet-owned Wing Aviation to use drones, extending the operational range to more than six miles.
Serve Robotics to Present at H.C. Wainwright's Annual Global Investment Conference
SAN FRANCISCO , Sept. 4, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that its management will deliver a presentation and join a ...
Aegis Capital Corp. Acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV)
NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV). Abou...
Serve Robotics Announces Closing of $20 Million Private Placement & Warrant Exercise
SAN FRANCISCO , Aug. 28, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve" or "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the Company has closed on a s...
Serve Robotics Announces Pricing of Private Placement & Warrant Exercise for aggregate gross proceeds of $20 Million
SAN FRANCISCO , Aug. 27, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve" or "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, announced today that the Company has entered in...
Serve Robotics: Don't Rush In Yet
Serve Robotics Inc. is a last-mile robot delivery service spun out from Uber, with plans to scale up to 2,000 robots by 2025. The company aims to generate $60-80 million in run rate revenues by the en...
Serve Robotics CEO: Robots will soon deliver your food
Serve Robotics (SERV) stock is gaining some traction on Wednesday. While shares of the food delivery innovator are up by nearly 400% over the past month, its stock price is still down by over 50% from...
Nvidia-Backed Serve Robotics Rises on Deal to Deliver Shake Shack Via Uber Eats
Serve Robotics (SERV) stock rose Wednesday as the Nvidia-backed last mile delivery company announced a partnership with Shake Shack (SHAK) to deliver the fast-casual chain's food through Uber Eats.
Serve Robotics Q2: Shake Shack's Partnership Is A Step In The Right Direction
Serve Robotics partners with Shake Shack for autonomous food delivery via Uber Eats, which should expand the serviceable market in Los Angeles. Serve Robotics reports Q2 earnings, showing revenue grow...
Is Serve Robotics (SERV) "First on the Scene" of a Delivery Innovation?
Small start-up, big ambitions. Serve Robotics (SERV) announced a partnership with Shake Shack (SHAK) to use its A.I.
Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles
Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.
Serve Robotics ($SERV) and Shake Shack ($SHAK) Roll Out Autonomous Delivery Via Uber Eats ($UBER)
Serve Robotics (Nasdaq: SERV), a leader in autonomous sidewalk delivery, and Shake Shack have announced a partnership to deliver Shake Shack meals via Serve's autonomous delivery robots on the Uber Ea...
Serve Robotics and Shake Shack Roll Out Autonomous Robot Delivery Via Uber Eats
Select Shake Shack customers in the Los Angeles area may receive their next order via a Serve robot Serve continues to make progress towards its commitment to deploy up to 2,000 AI-powered sidewalk de...
Serve Robotics Announces Second Quarter 2024 Results
Manufacturing activities commenced on 2,000-robot fleet deployment following entry into manufacturing agreement with Magna and amendment to lidar supply agreement with Ouster Cash position bolstered ...
Serve Robotics to Present at Sidoti Micro Cap Conference
Aashi Shah, Sidoti Equity Research Analyst, to Host Serve Robotics' Management SAN FRANCISCO , Aug. 8, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery compan...