Presto Automation, Inc.
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Range $5 – $5
Price Chart
About the company
Operating within the hospitality sector, Presto Automation, Inc. specializes in technology-driven solutions for labor automation. Their sophisticated platform utilizes voice, vision, and touch interfaces to boost employee efficiency and enrich the guest journey.
- CEO
- Krishna K. Gupta
- IPO
- 2021
- Employees
- 137
- HQ
- San Carlos, CA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $31.80K
- P/E
- -0.00
- PEG
- 0.00
- P/S
- 0.00
- P/B
- -0.00
- EV/EBITDA
- -2.03
- Div Yield
- 0.00%
- Gross Margin
- 1.99%
- Op Margin
- -215.83%
- Net Margin
- -131.93%
- ROE
- 41.12%
- ROIC
- -147.88%
Latest fiscal year · YoY change
- Revenue
- $26.14M-13.9%
- Gross Profit
- $521.00K-17.7%
- Op Income
- $-56,407,000
- Net Income
- $-34,480,000+38.8%
- EPS
- $-0.74+40.3%
- OCF Growth
- +5.9%
- FCF Growth
- -2.2%
- 52W High
- $0.00
- 52W Low
- $0.00
- 50D MA
- $0.00
- 200D MA
- $0.00
- Beta
- 2.56
- RSI (14)
- 53
- Avg Volume
- 13.18K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Presto reported a smaller third-quarter revenue base and wider adjusted EBITDA loss, while emphasizing a strategic pivot to Voice AI, Touch wind-down cost reductions, and a financing process to extend runway.· May 22, 2024
- Q3 revenue was $4.5 million, down from $6.6 million a year ago; adjusted EBITDA loss widened to $12.2 million from $9.7 million.
- Operating expenses were $15.5 million versus $15.0 million last year, with R&D down 52% to $2.7 million and G&A up 45% to $10.8 million.
- Management said the company is focusing entirely on Voice AI and expects the heritage Touch business wind-down to be completed by the end of next quarter.
- Commercial activity improved: seven franchise groups are in expansion talks, and four QSR brand pilots represent about 1,300 locations and approximately $25 million in ARR.
- The company highlighted early performance gains from Pure AI and unsupervised AI trials, and guided Q4 revenue to $1.6 million to $1.9 million.
For fiscal third quarter 2024, Presto reported revenue of $4.5 million versus $6.6 million in the prior-year quarter. Revenue included $2.2 million of platform revenue and $2.3 million of transaction revenue. Operating expenses were $15.5 million versus $15.0 million a year ago; R&D decreased 52% to $2.7 million, sales and marketing was $2.0 million, and G&A increased 45% to $10.8 million. Adjusted EBITDA loss was $12.2 million, compared with a loss of $9.7 million in the same quarter last year. For fiscal fourth quarter 2024, management guided revenue to $1.6 million to $1.9 million.
Gee Lefevre said his focus is on the customer, commercial strategy, and executing a sharper product and operating plan around Voice AI. He emphasized that Presto is now singularly focused on Voice AI after deciding to exit the Touch business, which he said should improve innovation speed and reduce costs. His tone was confident but cautious, with repeated emphasis on the need to fix the capital structure and complete the debt transfer / financing process.
Stanley Mbugua highlighted cost control actions, especially the Touch wind-down, tighter headcount management, and vendor cost discipline. He said R&D fell 52% to $2.7 million due to lower payroll and stock-based compensation from reduced headcount, while G&A rose 45% to $10.8 million because of legal, audit, and public company compliance costs. He also noted adjusted EBITDA loss of $12.2 million and gave Q4 revenue guidance of $1.6 million to $1.9 million.
There was no analyst Q&A, so no questions were asked or addressed. The call ended immediately after prepared remarks and the operator noted no questions were in the queue. As a result, the key investor focus remained management’s own comments on financing, the Touch wind-down, and early Voice AI rollout progress.
Management pointed to real commercial momentum, including seven franchise-group expansion negotiations and four active pilots spanning about 1,300 locations. They also said Pure AI and unsupervised AI are outperforming expectations in early tests, with efficiency rising from around 50% to around 80% in one case and from around 45% to 70% in another.
The company is still loss-making, with a $12.2 million adjusted EBITDA loss against $4.5 million of quarterly revenue, and it is guiding to even lower Q4 revenue of $1.6 million to $1.9 million. Financing and liquidity remain a central concern: management discussed forbearance extensions, a needed additional $3 million equity raise, and the possibility of alternative financing or M&A if the debt transfer is not completed.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 74.7%
- Shares Outstanding
- 317.97M
- Float Shares
- 237.66M
of shares held by institutions
36 13F filers
Buy/sell ratio 1.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock Inc. | 1.91K | ▼ 259.95K |
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 11, 24 | Mbugua Stanley | sell | 1,318 |
| Apr 25, 24 | Hoffman-Flynt Katherine | other | 300,000 |
| May 23, 24 | Hoffman-Flynt Katherine | sell | 59,661 |
| Apr 25, 24 | Lefevre Guillaume | other | 300,000 |
| Apr 25, 24 | Mbugua Stanley | other | 12,500 |
| May 23, 24 | Mbugua Stanley | sell | 36,559 |
| Apr 25, 24 | Healey William Robert | other | 100,000 |
| May 23, 24 | Healey William Robert | sell | 20,553 |
| Mar 7, 24 | HERBERT STEPHEN P | other | 0 |
| Feb 20, 24 | Lefevre Guillaume | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our PRST coverage
Recent articles, reports, and earnings notes.
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