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Symbotic targets warehouse automation market with $22.5 billion backlog

The Motley Fool +1 ·

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SYM Symbotic Inc
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  1. 1Symbotic recorded a backlog of $22.5 billion as of June.
  2. 2As of June, Symbotic's backlog is more than 30 times its quarterly revenue.
  3. 3The global warehouse robotics market is projected to grow at a compound annual growth rate of 23.1% through 2034.

So what's the key point?

Symbotic has built up a backlog of work worth $22.5 billion. This amount is more than 30 times the size of its revenue for this quarter.

Source The Motley Fool +1 · View original ↗

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