Berkshire Grey - BGRY - Share chat

freetrade admin,

Please add Berkshire grey stock to the next batch of stocks listing on Freetrade app.

Revolution Acceleration Acquisition Corp
NASDAQ: RAAC

See more information about Berkshire grey merger with SPAC :point_down:

Greetings follow growth investors

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Berkshire grey designs, and builds artificial intelligence (AI) powered robotics and fulfillment centres/warehouses automation for retail, e-commerce, grocery, post and parcels. The company offers 2021 to 2025 revenue CAGR of 99%

2021 proj. $59M rev. / 69%
2022 proj. $119M rev. / 102%

Berkshire grey enterprise $2.23B

SPAC Presentation - https://revolutionaac.com/wp-content/uploads/2021/02/Berkshire-Grey-Investor-Presentation.pdf

Thank you

Berkshire Grey leads in recieving USA patents beating Desktop metal and Velo3d — two of the most innovative companies in the world.

PATENTS AND TRADEMARKS APPLICATIONS

Desktop metal filled 191 applications
Berkshire grey filled 120 applications
Velo3d filled 91 applications

PATENTS ISSUED TO COMPANY
Berkshire grey 58 patents
Desktop metal 48 patents
Velo3d 48 patents

Come on Freetrade, list Berkshire Grey in the app.

There an interesting company, I’ve voted, though Desktop Metal and Velo3D are a different industry.

Astonelesschip,

Desktop metal and Velo3d automate the 3D printing and the manufacturing process. Berkshire Grey automates the material handling, sorting and storage systems/machineries. All three companies play in the systems automation sector

Berkshire Grey CEO:“All of that software gets combined, which is shown on the left on this slide. Gets combined with patented and differentiated hardware of our own creation in the middle pane to create standardized product modules, those modules then in the far right pane, get deployed as we form solutions for customers. Way to think of it is software, which is very special proprietary trade secret, combined with patented hardware, and we have at least 72 patents that have issued through. We filed more than 300 patent filings, software gets combined with differentiated hardware, standardized product modules.”

Source: Revolution Acceleration Acquisition Corp (RAAC) - FORM 425 | Filing of certain prospectuses and communications in connection with business combination transactions Stock Market Insights | Seeking Alpha

“There’s this enormous white space where there isn’t automation today,” says Tom Wagner, the company’s founder and CEO, whose 4.69 million shares would now be worth nearly $50 million. “The work that we automate exists today. This isn’t a hypothetical future.”

Today Berkshire Grey officially listed on the Nasdaq.

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Can this get any worse :man_facepalming:

Anyone know why this tanked so fast …?

"While Berkshire Grey’s revenue of $18.8 million in Q3 2021 was magnitudes greater than its $2.2 million in Q3 2020 and its $4.5 million in Q2 2021, it still missed on analyst expectations of around $21.7 million.

At the same time, the Bedford, Massachusetts-based company more than tripled its net loss year-over-year and widened losses on its adjusted earnings before interest, taxes, depreciation and amortization to $32.3 million, compared to $13.8 million for the same period a year prior.

Berkshire Grey reported a net loss of $40.5 million, or 22 cents per diluted share, which missed on the analyst consensus estimate of a loss 10 cents per diluted share."

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Robotics institute seminar

Matthew T. Mason: robotics and warehouse automation at Berkshire Grey

Berkshire Grey Helps E-Commerce Retailers Solve the $120 Billion Returns Problem Berkshire Grey Helps E-Commerce Retailers Solve the $120 Billion Returns Problem | 2022-01-12 | SupplyChainBrain

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Anyone has any doubts on this. Still think its a great long term investment

@Leeawill20

I have one doubt and that’s the profit margins Berkshire Grey is projecting for 2026. 48% profit margins by 2026 sounds hard thing to achieve

Agree but robotic labour is becoming a major thing all you have to do now is go to a restaurant and you have a robot on wheels collecting plates and returning orders. Big ask but not impossible

Robotics and Warehouse Automation at Berkshire Grey | Matt Mason; Chief Scientist, Berkshire Grey

Georgia tech research
Uploaded to YouTube: 2 Feb 2022

Topic Matt Mason covers in the lecture
" •My story — the epiphany
• Berkshire Grey story — from vision quest to IPO
• The vision
• Manipulation
• Systems"

1 Like

@Leeawill20

I am not very confident about the profit margins. New players are entering the robotics market with similar tech. Berkshire grey offers full end to end robotics warehouse solutions and French rival named “Exotec” raised money at $2 billion valuation.

The battle for who can install systems in anchor customers warehouse is just beginning. Whoever installs largest systems wins the biggest profit margins

“Warehouse robotics system Exotec raises $335 million – TechCrunch”

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BEDFORD, Mass., March 29, 2022 (GLOBE NEWSWIRE) – Berkshire Grey Inc. (Nasdaq: BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its fourth quarter and year ended 2021. The Company:

Delivered revenue of $23.6 million for the fourth quarter of 2021, ahead of expectations and a 556% increase as compared to the fourth quarter of 2020.
Entered 2022 with strong backlog of $105 million, positioning the Company well for continued growth.
Increased total orders to date to $200 million.
“We made substantial commercial progress and achieved important milestones in 2021,” said Tom Wagner, CEO, Berkshire Grey Inc. “We delivered strong revenue growth as Fortune 100 customers continued to adopt our intelligent enterprise robotics solutions to automate their fulfillment operations. We secured new follow-on orders with our anchor accounts who value our technology and want more. And we doubled our pipeline and doubled the number of new customers. The general tailwinds for AI-enabled robotic automation remain strong, and we continue to see significant demand for our differentiated solutions. We are well positioned for ongoing growth in 2022 and beyond.”

FY 2021 Financial Highlights:

Full year 2021 revenue of $50.9 million.
Full year 2021 net loss of ($153.4) million.
Full year 2021 Adjusted EBITDA of ($111.8) million.
Cash and cash equivalents of $171 million.
FY 2021 and Recent Business Highlights

Secured approximately $85 million in new orders which include approximately $64 million in follow-on orders from existing anchor accounts in the retail, eCommerce, grocery, and package handling sectors and approximately $21 million in orders from new customers in the retail and eCommerce sectors.
Advanced its Berkshire Grey Partner Alliance (BGPA) program which now includes eleven partners, including the recently announced partnership with Swisslog. The BGPA program includes a select group of market-leading consultants, integrators, technology providers and material handling leaders, broadening the Company’s global reach and extending its go-to-market strategy.
Was named as one of the Top 10 Most Innovative Companies in Robotics by Fast Company and selected as one of 2021’s Best Startup Employers by Forbes.

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