Berkshire Grey Target of Unusually High Options Trading (NASDAQ:BGRY)
Robinhood app traders = Irrational Trading in a Financial Market
Frost & Sullivan Names Berkshire Grey the 2022 Enabling Technology Leader for Intelligent Robotic Automation
BEDFORD, Mass., April 28, 2022 (GLOBE NEWSWIRE) – Berkshire Grey Inc. (Nasdaq: BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, was recently named the 2022 Enabling Technology Leader for Intelligent Robotic Automation by Frost & Sullivan. According to Frost & Sullivan’s analysis –
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Berkshire Grey Reports First Quarter 2022 Results Berkshire Grey Reports First Quarter 2022 Results
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Second Quarter Financial Highlights
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Revenue of $23.4 million, an increase of $18.9 million or 421% as compared to the second quarter of 2021.
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$20 million in new orders in the second quarter of 2022 and through July 31, 2022.
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Backlog of $100 million, which includes orders through July 31, 2022.
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Net loss of $29.0 million or $(0.12) per diluted share.
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Adjusted EBITDA of $(30.3) million.
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$108 million of cash and cash equivalents with no debt as of June 30, 2022.
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Transcript : Berkshire Grey, Inc., Q2 2022 Earnings Call, Aug 11, 2022
"First, we secured an order from FedEx to develop a new AI robotic automation solution to help improve the efficiency of their package handling operations globally. This order means we will build on our technology platform and create a new incarnation of these technologies embodied in a new system. Most importantly, the new system will address a significant need as we believe there is no other solution available today to automate this process.
Once the initial development program is complete, we expect it will lead to additional commercial orders. Further, the solution can be sold to many others since it addresses an issue that is commonplace for retailers and logistics companies alike. In fact, we estimate that there is a multibillion-dollar global market for this application alone."
What happens to our shares @Freetrade_Team
To summarise, Softbank are looking to acquire all outstanding shares at $1.40 per share, so in other words, once the “merger” (more like a takeover) completes, you’ll get $1.40 for each share held.
Will be in profit just wasnt sure how freetrade handle it . Thanks for that
Gutted, bought this at 5 dollars a share in Dec 2021.
Being bought out so shareholders lose out again.