Presto Automation Inc

Presto Automation, Inc. provides restaurant labor productivity technologies. It offers next-generation touch, vision, and voice technologies to the analog restaurant industry. The company was founded by Rajat Suri and is headquartered in Greenwich, CT.

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2025

Presto (PRST) reports strong Q1 results, eyes growth through AI

Presto's Q1 2023 earnings call showcased strong performance, driven by the success of Presto Voice and strategic partnerships. While facing challenges in leadership transition and operational efficiency, the company is well-positioned to capitalize on opportunities for growth and margin expansion.

Presto Automation Inc excels in Q2 with AI growth and financial strength

Overall, Presto Automation Inc delivered a strong performance in Q2 2023, showcasing growth in AI applications and financial metrics.
The company's focus on adjusted EBITDA, operational efficiencies, and cost reduction initiatives underpin its financial strength and growth prospects.
While facing challenges in cost management and market competition, Presto has opportunities to leverage AI technology for continued success and expansion.

Presto Automation Inc sees revenue growth with drive-thru automation success

Presto Automation Inc's Q3 2023 performance reflects strong revenue growth driven by Presto Voice and market traction with major partnerships, despite challenges with revenue guidance adjustments.
The company's strengths lie in its successful drive-thru automation solutions, strategic partnerships, and technological advancements, positioning it for continued growth and market leadership.
While facing challenges in revenue guidance adjustments and cost management, Presto has opportunities for significant revenue growth through partnerships, technological enhancements, and market expansion.
Overall, Presto's performance, strengths, and opportunities indicate a positive outlook for the company's future growth and market position, supported by its innovative solutions and strategic initiatives.

Presto Automation reports $26.1M revenue for FY 2023, focuses on growth

Presto Automation Inc faces challenges in hardware revenue decline but shows strength in market adoption of its solutions. With a focus on cost reduction and profitability, the company aims to leverage opportunities for expansion and partnerships in the restaurant industry.

Presto Automation Q1 2024: Mixed Performance, Growth Opportunities Ahead

Presto Automation Inc showcased a mixed performance in Q1 2024, with revenue of $4.9 million and a strategic focus on scaling the Presto Voice business.
While facing challenges with declining platform revenue and contract terminations, the company demonstrated strengths in financial management and growth opportunities.
Analysts' inquiries into deployment, automation, and workforce reductions provided insights into Presto Automation's strategic direction and potential for future growth.

Presto Automation Inc shifts focus to Voice AI amid financial challenges

Presto Automation Inc is strategically pivoting towards Voice AI, focusing on innovation and operational enhancements to drive growth.
While facing challenges such as financial losses and business transitions, the company aims to capitalize on opportunities for product expansion and market diversification.
With a clear roadmap for product development and revenue guidance for Q4 2024, Presto is navigating a transformative phase with a vision for sustainable success.

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Presto Automation, Inc. engages in the provision of enterprise-grade artificial intelligence (AI) and solutions to the restaurant industry. It focuses on its Presto Voice AI. The company was founded by Rajat Suri in 2008 and is headquartered in San Carlos, CA.

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SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that it will be presenting at the 2023 Restaurant Leadership Conference in Phoenix, Arizona this week. The conference, an annual event, is attended by senior executives from the top 1,500 leading chains in the restaurant industry.

Presto Automation: The Only Voice AI Company to Present at the 2023 Restaurant Leadership Conference

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Presto Automation (NASDAQ: PRST ) stock is seeing massive gains on Monday despite a lack of news from the AI company. There's been no new press releases from Presto Automation that give reason to today's rally.

PRST Stock Alert: What to Know About Red-Hot Presto Automation Today

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today announced that it will host a summit for technology companies driving the adoption of enterprise-grade generative AI, building on its collaboration with OpenAI, which was announced last month.

Presto Announces Enterprise Generative AI Summit in Silicon Valley

SAN CARLOS, Calif.--(BUSINESS WIRE)---- $PRST--Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today announced the promotion of Dan Mosher to president and Xavier Casanova to chief operating officer, effective immediately.

Presto Promotes Dan Mosher to President and Xavier Casanova to Chief Operating Officer

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (NASDAQ: PRST), the largest drive-thru automation technology provider (the “Company”) in the hospitality industry, announced today that its Board of Directors (the "Board") has accepted the resignation of Rajat Suri, the Company's founder, as Chief Executive Officer and member of the Board to pursue other creative endeavors. Mr. Suri's resignation is effective immediately.

Presto Announces CEO Departure

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (Nasdaq: PRST), a provider of drive-thru automation technology in the hospitality industry, today announced its participation at the BofA Securities 2023 Consumer & Retail Conference in Miami, Florida. Dan Mosher, Chief Revenue Officer of Presto, is scheduled to present on March 15, 2023 at 11:20 a.m. Eastern Time.

Presto to Participate at BofA Securities Conference

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation Inc. (Nasdaq: PRST), the largest drive-thru automation technology provider in the hospitality industry, today announced a collaboration with OpenAI, an AI research and deployment company, to drive greater innovation around its drive-thru AI voice assistant. OpenAI's ChatGPT API will be used to expand the feature set of the Presto's drive-thru AI voice assistant (Presto Voice™), resulting in interactions that are more natural and human-like.

Presto Collaborates With ChatGPT Creator OpenAI to Enhance its Industry-leading Drive-thru AI Voice Assistant

Presto Automation, Inc. (NASDAQ:PRST ) Q2 2023 Earnings Conference Call February 14, 2023 4:30 PM ET Company Participants Chris Whitcomb - Vice President of Investor Relations Rajat Suri - Founder and Chief Executive Officer Ashish Gupta - Chief Financial Officer Conference Call Participants Brian Dobson - Chardan Capital Markets Samad Samana - Jefferies & Co. Operator Greetings, and welcome to Presto Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Presto Automation, Inc. (PRST) Q2 2023 Earnings Call Transcript

SAN CARLOS, Calif.--(BUSINESS WIRE)--Presto Automation (“Presto” or the “Company”) (NASDAQ: PRST), a provider in the labor automation technology industry, today announced financial results for the second quarter 2023 ended December 31, 2022. “It has been exciting to see artificial intelligence gain mainstream recognition with the emergence of chatGPT and large language models (LLMs). One of our early investors was Sam Altman, CEO of OpenAI.

Presto Automation Inc. Announces Second Quarter Fiscal 2023 Financial Results

SAN CARLOS, Calif.--( BUSINESS WIRE )--Presto Automation Inc. (“Presto” or the “Company”), one of the largest labor automation technology providers in the hospitality industry, today announced that the Company will release its second quarter 2023 financial results on Tuesday, February 14, 2023 after the financial markets close.

Presto to Report Second Quarter 2023 Financial Results on February 14, 2023

SAN CARLOS, Calif.--( BUSINESS WIRE )--Presto Automation Inc. (Nasdaq: PRST), the largest drive-thru automation technology provider in the hospitality industry, announced today that iconic drive-thru restaurant chain Checkers & Rally's has awarded the company its Supplier of the Year Innovation Award for 2022. Presto has been recognized for successfully delivering and scaling its A.I.-powered voice assistant, Presto VoiceTM, at hundreds of Checkers & Rally's drive-thru restaurants nationwide. Over the past year, Presto Voice has consistently demonstrated that drive-thru A.I.-driven voice automation can significantly lower labor costs while simultaneously driving up revenue.

Presto Named Supplier of the Year for Innovation by Checkers & Rally's

SAN CARLOS, Calif.--( BUSINESS WIRE )--Presto Automation Inc. (Nasdaq: PRST), the largest drive-thru automation technology provider in the hospitality industry, is announcing an expansion of its partnership with Del Taco Restaurants, Inc., the nation's second largest Mexican quick service restaurant, to provide automated voice ordering at several drive-thru restaurants nationwide. Its artificial intelligence (A.I.) powered solution, Presto Voice™, is already operating 24/7 at select Del Taco locations where it is significantly helping operations by improving labor productivity, increasing suggestive selling, and boosting guest and staff experience. Del Taco has 600+ locations nationwide.

Presto Voice A.I. to Significantly Expand at Del Taco Drive-Thru Restaurants

SAN CARLOS, Calif.--( BUSINESS WIRE )--Presto Automation Inc. (NASDAQ: PRST), the largest drive-thru automation technology provider in the hospitality industry, today announced that the Company will present at the 25th Annual ICR Conference at the Grande Lakes Orlando Resort in Florida. The presentation will begin at 11:00 AM Eastern Time on Tuesday, January 10, 2023. Investors and interested parties may listen to a live webcast of the discussion from the corporate website at www.presto.com/investor-relations under the investors section or directly through this link https://wsw.com/admin/link/presenter.aspx?438644334.

Presto Automation, Inc. to Participate in the 25th Annual ICR Conference on January 10, 2023

SAN CARLOS, Calif.--( BUSINESS WIRE )--Presto Automation Inc. (Nasdaq: PRST), a leader in restaurant technology, announced today the introduction of a custom voice feature in its Presto VoiceTM drive-thru automation solution. This highly innovative feature, an industry first, takes the drive-thru experience to a new level, allowing guests to converse with celebrities, mascots, characters, or other custom voices while placing an order at the drive-thru.

Presto Voice Brings Custom Voices to Enhance Automated Drive-Thru Guest Experience

SAN CARLOS, Calif.--( BUSINESS WIRE )--Presto Automation Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest labor automation technology providers in the hospitality industry, today announced financial results for the first quarter of fiscal 2023.

Presto Automation Inc. Announces First Quarter Fiscal 2023 Financial Results

SAN CARLOS, Calif.--( BUSINESS WIRE )--Presto Automation Inc. (Nasdaq: PRST), one of the largest labor automation technology providers in the hospitality industry, today announced that the Company will release its first quarter 2023 financial results on Tuesday, November 15, 2022 after the financial markets close.

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