Will Bryant's questions to Symbotic Inc (SYM) leadership • Q1 2025
Question
Will Bryant of Goldman Sachs, on for Mark Delaney, asked for more detail on the financial impact of the APD acquisition this year and the company's plans for hiring more salespeople.
Answer
CFO Carol Hibbard confirmed a modest amount of revenue from the acquisition is included in the Q2 guidance, with development ramping up through 2025. She noted the revenue recognition will be back-loaded compared to the cash payments. CEO Rick Cohen added that the company is ramping up the GreenBox sales team, which will have transferability to Symbotic, and has already hired 2-3 additional salespeople to focus on different verticals.