Serve Robotics Inc (OQ:SERV)
Business Focus: Business Support Services
Insider Filings
Latest 10 SEC Form 4 filings for SERV*US within the last 6 months
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Company News
May 15, 2024 07:30 ET
Serve Robotics Announces First Quarter 2024 Results and Provides Corporate Update
Revenue of $0.95 million; 124% sequential growth in delivery and branding revenueSigned agreement with Magna International for a long-term licensing partnership and exclusive contract manufacturing of Serve robotsPost quarter-end, successfully uplisted to the Nasdaq Capital Market with concurrent $40 million equity offeringContinued focus on deploying 2,000 robots under Uber Eats contractSAN FRANCISCO, May 15, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq:SERV), a leading autonomous sidewalk delivery company, today announced financial results for the three month
Apr 24, 2024 08:00 ET
Serve Robotics Enters Production Agreement with Magna to Scale Robot Manufacturing
Serve to rely on Magna's manufacturing expertise to scale its fleet to up to 2,000 robots for Uber Eats and for geographic expansionMagna has been licensing Serve's technology to support development of new robotic productsSAN FRANCISCO, April 24, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (NASDAQ:SERV), a leading autonomous sidewalk delivery company, today announced an expansion of their existing agreement with Magna International Inc. ("Magna") (TSX: MG; NYSE: MGA), one of the world's largest automotive suppliers, to accelerate the adoption of robotics in logistics.
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
619.39
1.80
1.83
Price to Book - most recent quarter
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1.76
2.28
Price to Cash Flow per share - TTM
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12.00
13.52
Price to Free Cash Flow per share - TTM
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23.20
23.61
Business Summary
| Sector: Industrials | Industry: Business Support Services |
Serve Robotics, Inc. is engaged in developing next generation robots for last-mile delivery services. The Company offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company's fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. It uses artificial intelligence methodologies to design, train and deploy a host of models on robots to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians, and vehicles, and projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The robots consist of a number of key systems, such as drivetrain, power system, and connectivity.
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