Symbotic Inc. (NASDAQ:SYM) Q3 2022 Earnings Conference Call August 1, 2022 5:00 PM ET
Company Participants
Jeff Evanson - VP, IR and Corporate Development
Rick Cohen - Founder and Chairman
Michael Loparco - CEO
Tom Ernst - CFO
Conference Call Participants
Matt Summerville - DA Davidson
Mark Delaney - Goldman Sachs
Mike Latimore - Northland Capital Markets
Nicole DeBlase - Deutsche Bank
Derek Soderberg - Cantor Fitzgerald
Rob Mason - Baird
James Ricchiuti - Needham
Joe Giordano - Cowen
Operator
Good day, and thank you for standing by. Welcome to the Symbotic Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator instructions] Please be advised that today's conference is being recorded.
I'd now like to turn the conference over to your speaker today, Jeff Evanson. Please go ahead.
Jeff Evanson
Good afternoon, everyone. Thank you for joining Symbotic's third quarter fiscal '22 financial update. I am Jeff Evanson, Vice President of Investor Relations and Corporate development at Symbotic. Our press release presentation 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, certain financial measures may be discussed that are not recognized under US 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 their most comparable reported GAAP measures are included in our financial press release, which has been furnished to the SEC and is available in the Investor Relations section on our website and in our filings with the SEC. These non-GAAP measures may not comparable to measures used by other issuers.
Today, we'll provide guidance on our fiscal yearend 2022 including revenue and adjusted EBITDA. We're not providing guidance for net loss today, which is the most comparable GAAP financial measure to adjusted EBITDA. We're not able to provide reconciliations of adjusted EBITDA to GAAP financial measure because certain items required for such reconciliations are outside of our control and cannot be reasonably predicted such as provision for stock-based compensation.