Slide 1: The Backbone of Commerce
THE BACKBONE OF COMMERCE
Slide 2: Q1'22 Highlights
Q1’22 Highlights 03 Quarterly Financial Summary 04 Additional Information (e}s) S'symbotic®
Slide 3: Q1'22 Highlights
Q122 Highlights REVENUE Revenue in Q1’22 rose significantly to $77.1 million as we initiated multiple customer deployment starts of production systems during the quarter. By comparison, revenue in Q1'21 was comprised entirely of Software Subscriptions and Support and Operation Services revenue. PROF
Slide 4: Quarterly Financial Summary
Quarterly Financial Summary Statement of Operations Unaudited ($ in millions, except Gross Margin) Qr2i Q2'21 Q3'21 Q4'21 Qi‘22 REVENUE $5.5 $23.2 $131.5 $917 $77.1 GROSS PROFIT $(0.6) $3.5 $(0.3) $7.9 $14.5 Gross Margin (10.2%) 15.1% (0.3%) 8.6% 18.8% ADJUSTED OPERATING EXPENSES R&D $14.3 $16.9 $16
Slide 5: Use of Non-GAAP Financial Information
Additional Information Use of Non-GAAP Financial Information This communication contains non-GAAP financial measures, including adjusted EBITDA. Symbotic defines adjusted EBITDA, a non-GAAP financial measure, as GAAP net loss excluding the following items: interest income; income taxes; depreciation
Slide 6: Forward-Looking Statements (continued)
Additional Information FORWARD-LOOKING STATEMENTS (continued) In addition to factors previously disclosed in SVF’s prospectus filed with the SEC on March 10, 2021 and SVF's registration statement on Form S-4 filed with the SEC on February 4, 2022 and those identified elsewhere in this communication,
Slide 7: Participants in the Solicitation
Additional Information PARTICIPANTS IN THE SOLICITATION SVF, Symbotic and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of SVF, in favor of the approval of the Business Combination. Additional inform
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