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.

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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.

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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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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.

Serve Robotics and Shake Shack Roll Out Autonomous Robot Delivery Via Uber Eats

Manufacturing activities commenced on 2,000-robot fleet deployment following entry into manufacturing agreement with Magna and amendment to lidar supply agreement with Ouster  Cash position bolstered by proceeds of $40 million equity offering, as well as post-quarter $15 million private placement transaction SAN FRANCISCO , Aug. 13, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced financial results for the second quarter 2024 ended June 30, 2024. "We are pleased to report another strong quarter, extending our 30-month track record of double-digit month-over-month growth and improvements in key operational metrics," said Dr. Ali Kashani, Serve's Co-founder and CEO.

Serve Robotics Announces Second Quarter 2024 Results

Aashi Shah, Sidoti Equity Research Analyst, to Host Serve Robotics' Management SAN FRANCISCO , Aug. 8, 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: Sidoti Micro Cap Conference Date: Wednesday, August 14th, 2024 Presentation Time: 9:15 a.m. - 9:45 a.m.

Serve Robotics to Present at Sidoti Micro Cap Conference

SAN FRANCISCO , Aug. 7, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will release its financial results for the second quarter ended June 30, 2024 after U.S. markets close on Tuesday, August 13, 2024. Company management will host a conference call and webcast at 2:00 p.m.

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

One of the top-trending equities on Tuesday, food-delivery robotics specialist Serve Robotics (NASDAQ: SERV ) saw its value soar. Positive sentiment has returned to the market in response to Monday's severe selloff.

Serve Robotics News: Why Is SERV Stock Soaring Today?

Investors have been following Nvidia into Serve Robotics. Serve Robotics was spun off from Uber several years ago.

Why Serve Robotics Stock Has Been Soaring Over the Last Month

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Serve Robotics stock has seen incredible gains following a disclosure that Nvidia has invested in the company. Nvidia's CEO Jensen Huang is scheduled to participate in two conferences this afternoon.

Why Serve Robotics Is Soaring Again Today

Serve Robotics plans to expand its delivery fleet over the next few years. Nvidia has taken a 10% stake in the company -- an encouraging sign.

Could Serve Robotics Become the Next Symbotic?

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News for Serve Robotics Inc Stock (SERV)