Serve Robotics Inc

ServiceMaster Brands® is a leading franchise provider of essential residential and commercial services. Founded in 1929, the company is home to over 3,500 franchisees across 4,900+ locations serving over 1,000,000 homes and businesses in 2021. ServiceMaster was founded with a deep commitment to integrity and customer service and does business under nine brands today across 50 states and ten countries that generate more than $3.5B in system-wide sales: ServiceMaster Restore®, ServiceMaster Recovery Management®, ServiceMaster Clean®, Merry Maids®, TWO MEN AND A TRUCK ®, Aftermath Services®, Indoor Science, AmeriSpec®, and Furniture Medic®. While each brand maintains a distinct identity, we share a commitment to our mission to make everyday heroes more heroic. From our franchisee experience to career development to our community, our values – We Serve, We Care, We Deliver, We Do - guide us. Working as part of our team means bringing your best ideas to work every day and seeing the impact of your contributions. Stars in our company at all levels are builders—they love to create, lead and see their plan come to life. Our best people understand that while great ideas are important, they require incredible focus and teamwork to execute. Life inside our company is the opportunity to do the best work of your career with a high energy. ServiceMaster Brands is headquartered in Atlanta, Georgia. Roark Capital Group acquired ServiceMaster Brands in October 2020. Roark focuses on investing in the consumer and business services sectors, with a specialization in multi-location and franchised businesses. Since inception, affiliates of Roark have invested in 100 multi-location, franchised brands, which collectively generate $62 billion in annual system revenues from 66,000 locations in 50 states and 89 countries. Please visit www.roarkcapital.com to learn more.

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Serve Robotics reports Q3 revenue growth, eyes strategic expansion

Serve Robotics is making strides in robot deployment and strategic partnerships, though facing operational challenges and competition.
The company's financial performance in Q3 2024 showed revenue growth but a net loss, emphasizing the need for cost management.
With a strong cash balance and strategic acquisitions, Serve Robotics is poised for growth through market expansion and new revenue streams.

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Serve Robotics, Inc. engages in providing self-driving delivery. It designs, develops, and operates zero-emissions robots that serve people in public spaces, starting with food delivery. The company was founded by Ali Kashani, Dmitry Demeshchuk and MJ Burk Chun in 2017 and is headquartered in Redwood City, CA.

Serve Robotics Inc. (NASDAQ:SERV ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Aduke Thelwell – Head-Communications and Investor Relations Ali Kashani – Co-Founder and Chief Executive Officer Brian Read – Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today.

Serve Robotics Inc. (SERV) Q3 2024 Earnings Call Transcript

Serve Robotics , known for its sidewalk delivery robots, is branching out from its mainstay focus on automated delivery solutions and into restaurant kitchens through its acquisition of the 'Autocado' technology seen at Chipotle stores.

Serve Robotics steps into restaurant kitchens with Vebu acquisition

Announced plans for geographic expansion into the Dallas Fort Worth metro Completed $32.3 million in capital raise transactions; Cash balance of $50.9 million as of third quarter end Announced agreement to acquire Vebu and its pioneering avocado-processing robot, Autocado SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced financial results for the third quarter 2024 ended September 30, 2024. "During the third quarter we made significant operational and financial progress related to several priorities; laying the foundation for a successful 2025," said Dr. Ali Kashani, Serve's Co-founder and CEO.

Serve Robotics Announces Third Quarter 2024 Results

Acquisition deepens Serve's offerings for the restaurant industry, helping partners improve efficiency and manage labor shortage challenges from kitchen to curb SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ --  Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous robotic delivery company, today announced its agreement to acquire the assets of Vebu Inc. ("Vebu"), a trailblazer in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed.

Serve Robotics to Acquire Autocado Robot Maker Vebu, Expanding Automation Offering

SERV's third-quarter 2024 performance is likely to have gained from rapid advances in robotics, supported by partner platforms.

Serve Robotics to Report Q3 Earnings: Buy, Sell or Hold the Stock?

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SAN FRANCISCO , Oct. 29, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will release its financial results for the third quarter ended September 30, 2024 after U.S. markets close on Thursday, November 7, 2024. Company management will host a conference call and webcast at 2:00 p.m.

Serve Robotics Announces Date of Third Quarter 2024 Financial Results and Conference Call

Serve Robotics' stock soared after Nvidia's stake in the company was revealed.

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Since becoming a publicly traded stock in April 2024, shares of food deliver robot maker Serve NASDAQ: SERV have gone on a wild ride. Shares fell gradually for several months after going public.

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Serve Robotics stock jumped 225% when Nvidia's stake in the company was revealed, but it plummeted afterward.

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Serve Robotics announces its partnership with Wing Aviation LLC.The Collaboration expands Autonomous delivery and ensures efficiency.

SERV Partners With Wing to Boost Delivery: Should You Buy the Stock?

Serve robots enable pick-up in dense urban areas, as Wing drones expand Serve delivery radius Robot-to-drone solution will enable fast, affordable restaurant delivery over 6 mile radius SAN FRANCISCO , Oct. 1, 2024 /PRNewswire/ --  Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Wing Aviation LLC , an on-demand drone delivery provider, today announced a pilot partnership to expand eco-friendly, autonomous food delivery offering a novel solution that will redefine last mile delivery. In the coming months, select Wing deliveries will be picked up by a Serve delivery robot from the restaurant's curbside and delivered to a Wing drone AutoLoader a few blocks away, for aerial delivery to customers as much as 6 miles away.

Serve Robotics and Wing Partner to Expand Autonomous Delivery, Increasing Reach and Efficiency

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Serve Robotics , which delivers food for Uber Eats using sidewalk robots, said it would partner with Alphabet-owned Wing Aviation to use drones, extending the operational range to more than six miles.

Serve Robotics ties up with Alphabet's unit for drone deliveries, launching pilot in Texas

SERV shares are not for faint-hearted investors but are attractive on a long-term basis due to an expanding robotics fleet.

Serve Robotics Rises 10% in a Week: Should You Buy SERV Stock?

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Serve reported strong year-over-year growth, but the company is still very small. It announced a new partnership with Shake Shack.

Why Serve Robotics Stock Plunged 52% in August

SAN FRANCISCO , Sept. 4, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that its management will deliver a presentation and join a fireside chat interview at the following virtual event: H.C.

Serve Robotics to Present at H.C. Wainwright's Annual Global Investment Conference

Serve Robotics Down 37% in a Month: Is SERV Stock a Buy on the Dip?

NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV). About Serve Robotics Inc. Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States.

Aegis Capital Corp. Acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV)

SAN FRANCISCO , Aug. 28, 2024 /PRNewswire/ --  Serve Robotics Inc.  ("Serve" or "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the Company has closed on a securities purchase agreement expected to result in gross proceeds of approximately $20.0 million to the Company. The transaction closed on August 28, 2024.

Serve Robotics Announces Closing of $20 Million Private Placement & Warrant Exercise

SAN FRANCISCO , Aug. 27, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve" or "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, announced today that the Company has entered into a securities purchase agreement expected to result in gross proceeds of approximately $20.0 million to the Company. The transaction is expected to close on or about August 28, 2024, subject to satisfaction of customary closing conditions.

Serve Robotics Announces Pricing of Private Placement & Warrant Exercise for aggregate gross proceeds of $20 Million

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