Symbotic Inc. (NASDAQ:SYM) Q3 2023 Earnings Conference Call July 31, 2023 8:00 AM ET
Company Participants
Jeff Evanson - VP, IR
Richard B. Cohen - Chairman and CEO
Tom Ernst - CFO
Conference Call Participants
Andrew Kaplowitz - Citigroup
Matt Summerville - D.A. Davidson
Michael Latimore - Northland Capital Markets
Nicole DeBlase - Deutsche Bank
Gregory Palm - Craig-Hallum Capital
Christopher Snyder - UBS
Robert W. Mason - Robert W. Baird
Joseph Giordano - TD Cowen
Mark Delaney - Goldman Sachs
Derek Soderberg - Cantor Fitzgerald
Operator
Good morning ladies and gentlemen. Thank you for standing by. Welcome to the Symbotic's Third Quarter 2023 Financial Results Conference Call and Webcast. At this time all participants are in a listen-only mode. After the speaker’s presentation there will a question-and-answer session. [Operator Instructions]. Please note that today’s conference is being recorded. I will now hand the conference over to your speaker host, Jeff Evanson, VP of Investor Relations. Please go ahead.
Jeff Evanson
Good morning, everyone. Jeff Evanson here and Olivia thank you for the introduction. Welcome to Symbotic's third quarter 2023 financial results webcast. Our press release and discussion today will include forward-looking statements based on assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements, including as a result of the factors described in cautionary statements and risk factors in Symbotic's financial release and regulatory filings with the SEC, by which any forward-looking statements made during this call are qualified in their entirety.
In addition, during this call, we will discuss certain financial measures that are not recognized under U.S. Generally Accepted Accounting Principles, which the SEC refers to as non-GAAP measures. We believe these non-GAAP measures assist management in planning, forecasting, and evaluating our business and financial performance, including allocating resources. Reconciliations of these non-GAAP measures to our most comparable reported GAAP measures are included in our financial press release, which is available in the Investor Relations section of our website and is on file with the SEC. These non-GAAP measures may not be comparable to measures used by other issuers.
Today, we will provide guidance for the fourth quarter, including revenue and adjusted EBITDA. We are not providing guidance for net loss today or profits, which is the most comparable GAAP financial measure to adjusted EBITDA. We are not able to provide reconciliations of adjusted EBITDA to GAAP financial measures because certain items required for such reconciliations are outside of our control and cannot be reasonably predicted, such as the provision for stock-based compensation.