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 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

Alphabet

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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Nvidia just revealed an investment in Serve Robotics. Serve Robotics is a development-stage company that went public in April.

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Serve Robotics Inc. is a last-mile robot delivery service spun out from Uber, with plans to scale up to 2,000 robots by 2025. The company aims to generate $60-80 million in run rate revenues by the end of 2025, helped by a recent deal with Shake Shack. The stock has a stretched valuation and short-term revenue challenges, but presents a promising future for investors willing to wait for a dip to buy.

Serve Robotics: Don't Rush In Yet

SoundHound AI stock skyrocketed when it was revealed that Nvidia owned a stake in the AI company. History is repeating itself as Serve Robotics has attracted investors gaze.

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Stock market investors tend to gravitate toward investments made by Nvidia.

Should You Buy Serve Robotics Stock Now That Nvidia Has Made an Investment?

Serve Robotics (SERV) stock rose Wednesday as the Nvidia-backed last mile delivery company announced a partnership with Shake Shack (SHAK) to deliver the fast-casual chain's food through Uber Eats.

Nvidia-Backed Serve Robotics Rises on Deal to Deliver Shake Shack Via Uber Eats

Shake Shack

Serve Robotics partners with Shake Shack for autonomous food delivery via Uber Eats, which should expand the serviceable market in Los Angeles. Serve Robotics reports Q2 earnings, showing revenue growth and plans to deploy 2000 robots by 2025. Despite positive developments, Serve Robotics is overvalued compared to peers and faces risks like high short interest and losses.

Serve Robotics Q2: Shake Shack's Partnership Is A Step In The Right Direction

Serve Robotics (NASDAQ: SERV ) stock is on the rise Wednesday after the autonomous delivery robots company announced a new collaboration with Shake Shack (NYSE: SHAK ). With this agreement Serve Robotics' autonomous delivery robots will be used to deliver food from Shake Shack to customers.

Why Is Serve Robotics (SERV) Stock Up 20% Today?

Serve Robotics (SERV) second-quarter 2024 results benefit from the company's software services contract with Magna.

Serve Robotics (SERV) Q2 Earnings & Revenues Increase Y/Y

Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.

Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles

Serve Robotics' Q2 report arrived with signs that the business ramp-up is proceeding at a solid pace. Despite recording very little revenue, the company has managed to keep its losses relatively low.

Why Serve Robotics Stock Is Skyrocketing Again Today

Serve Robotics NASDAQ: SERV is up by double-digits following its Q2 release and may continue increasing because of its operational improvements. However, every positive detail is offset by a negative, raising doubts about the stock price trajectory.

Serve Robotics Is Serving Up a Selling Opportunity

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Select Shake Shack customers in the Los Angeles area may receive their next order via a Serve robot Serve continues to make progress towards its commitment to deploy up to 2,000 AI-powered sidewalk delivery robots on the Uber platform SAN FRANCISCO , Aug. 14, 2024 /PRNewswire/ -- Serve Robotics Inc.  ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Shake Shack Inc.  ("Shake Shack") (NYSE: SHAK) today announced a partnership to deliver Shake Shack using Serve's autonomous delivery robots via Uber Eats, the delivery platform of Uber Technologies Inc. (NYSE: UBER). Customers who order from select Shake Shack restaurants in Los Angeles through Uber Eats may receive their order via Serve's innovative autonomous robots.

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