Michael Atanacio's questions to Symbotic Inc (SYM) leadership • Q4 2024
Question
Michael Atanacio asked about the sizing of the Symbotic system content within the announced GreenBox facility and how the revenue and margin opportunity for GreenBox compares to direct-to-customer sites.
Answer
CFO Carol Hibbard clarified that the reported $150 million for the GreenBox facility includes the entire warehouse, with the Symbotic system being one component, similar in size to an average system contract. She explained that Symbotic sells the system to GreenBox at a similar revenue and margin profile as it does to other customers, and then participates in the JV's results as a 35% partner.